Republic Services, Inc.NYSE
Tue, Jan. 5, 9:56 AM
- Progressive Waste Solutions (BIN +6.5%) opens higher after saying it has begun a review of strategic alternatives, confirming an earlier report that it may be considering a sale.
- Logical buyers could include Waste Connections (WCN -0.2%) and Republic Services (RSG +0.2%), both of which can afford a 25% buyout premium and still have a deal be accretive to their earnings even before factoring in any cost savings, but they may be reluctant to take on more debt, and RSG has said that while it is focused on growing via acquisition, those will probably total just ~$100M/year.
- Waste Management (WM -0.1%) arguably is even more likely to pass on BIN, Bloomberg's Gillian Tan writes, as its stock has lagged most competitors except BIN, it is focused on smaller acquisitions, and antitrust hurdles provide an obstacle as the industry's biggest player.
Feb. 17, 2015, 8:43 AM
- Republic Services (NYSE:RSG) has completed its acquisition of Tervita LLC, an environmental waste solutions provider.
- "We...believe this acquisition establishes a significant platform for us to expand into the E&P sector," said Brian Bales, EVP of Business Development.
- Previously: Republic Services to acquire Tervita subsidiary (Dec. 19 2014)
Dec. 19, 2014, 7:50 AM
- Republic Services (NYSE:RSG) has agreed to acquire Tervita LLC, an environmental waste solutions subsidiary of Tervita Corporation.
- "The acquisition of this vertically integrated operation allows Republic Services to establish a significant platform in the E&P waste sector and positions us well for future growth opportunities," announced CEO of Republic Services Donald Slager.
Oct. 2, 2014, 7:31 AM
- Enhancing its Southern California footprint, Republic Services (NYSE:RSG) has acquired Rainbow Disposal, one of area's largest independent solid waste companies.
- The acquisition includes Rainbow's hauling routes, recycling facility, transfer station, compressed natural gas refueling station and vehicle fleet.