Budget Waste Inc. has signed a letter of intent to acquire AllWaste Systems Ltd. Both companies are headquartered in Calgary, Alberta, Canada. Budget is looking to purchase AllWaste with a combination of stock, cash, and the assumption of debt.
Budget, which has been in operation for around four years, has specialized in roll-off services. The company has a strong business in the construction and demolition side of the waste management industry. The company also is looking to become more involved in front loading operations.
AllWaste, which has been in business for around 12 years, specializes in construction site recycling services. The company has a fleet of 15 trucks and around 1,300 bins scattered around the Calgary area.
According to a spokesman for Budget, the acquisition is a nice fit because there is very little overlap between the two companies, with AllWaste focusing more on the smaller, residential construction side, and Budget handling larger cleanup job.
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