Capstone Headwaters announced today that it advised Knoxville Landfills, LLC on its sale to Meridian Waste. Terms of the deal were not disclosed.
Knoxville Landfills, headquartered in Knoxville, Tennessee, owns and operates the only long-term, high capacity construction and debris (C&D) landfills within Knox County, TN. Knox County is a highly attractive economic region benefitting from solid and sustained business activity and significant corporate presence. Knoxville Landfills will continue to benefit from strong, consistent volume being driven by the region’s solid economic outlook.
Meridian Waste, headquartered in Greensboro, GA and owned by Jacksonville Beach-based Warren Equity Partners, is an integrated, non-hazardous solid waste services and technology company. The company operates in St. Louis, MO, Richmond, VA, Blacksburg, VA, and Augusta, GA, servicing over 140,000 residential, commercial, industrial and governmental customers. Meridian Waste operates two transfer stations, two recycling facilities, and three municipal solid waste landfills and handles over 560,000 tons of waste annually. Knoxville Landfills, with an established presence in Knox County TN, will create a new platform in the region for Meridian Waste.
Kim Kimmons, owner of Knoxville Landfills, said
“Due to the complexities involved in selling our business, we knew that we needed a professional group to guide us through the process. We elected to retain the investment banking group Capstone Headwaters. This turned out to be an excellent decision. They helped identify potential buyers and, through a detailed process, helped us select the ultimate purchaser from a number of qualified offers. We could not have completed the transaction without the knowledge, guidance, professionalism and hard work of Capstone Headwaters.“
Doug Usifer, Managing Director at Capstone Headwaters commented
“Knoxville Landfills is an exceptionally well-run waste operation with a fantastic management team. Meridian understood the value in acquiring this regional leader and will drive the business to new heights.”