Capital Environmental Resource Inc. announced that it, and its wholly-owned subsidiary Waste Services, Inc., have entered into a definitive agreement to acquire from Allied Waste Industries the assets of Allied's Northern and Central Florida operations for about $120 million.
The operations to be acquired include 5 collection companies, 2 landfills, 4 recycling facilities and 3 transfer station operating contracts.
The acquired operations service about 14,500 commercial and industrial customers and about 233,000 residential customers. The primary markets serviced by the operations are in Tampa, Sarasota and Jacksonville.
"The acquisition of the Allied operations in Northern and Central Florida will greatly strengthen our regional presence in Florida and position us to build on our May 2003 acquisition of the Omni Landfill, which is expected to open in December 2003 and will serve the greater Orlando market," said David Sutherland-Yoest, Capital's chairman and CEO.