Meridian 91²Ö¿â Acquisitions, LLC, a non-hazardous, integrated solid waste services company, announces that the company has acquired the stock of Evergreen Environmental Partners Holdings, LLC (EEP) & ADSI Holdings, LLC (ADSI) effective September 1, 2024. The two entities were holdings of BTG Pactual Strategic Capital. The acquisition expands Meridian 91²Ö¿â’s operational footprint within the Southeast, adding a MSW landfill, a transfer station facility and additional third-party transfer station operations as well as hauling, administrative and maintenance facilities servicing commercial, industrial and residential contracts throughout Alabama and Mississippi. “Meridian 91²Ö¿â is in full growth mode as exhibited by this Southeast acquisition,” stated Hall, Meridian 91²Ö¿â’s CEO.
The acquisition will result in both strategic and financial benefits to the company and its private shareholders. The EEP/ADSI acquisition brings a network of high-quality assets into Meridian 91²Ö¿â’s Southeast environmental services portfolio. The Meridian 91²Ö¿â management team has demonstrated great success in acquisition integration by improving upon and growing acquired asset margins and cash flow and will continue to do so with this multi-state acquisition.
Specific assets comprised within the stock purchase include the Noble Hill MSW Landfill and EEP Transfer Station in the greater Huntsville, Ala. marketplace, 50+ municipal contracts (including exclusive residential collections and transfer station hauling operations) and commercial and industrial accounts serviced throughout Alabama and Mississippi.
“Meridian 91²Ö¿â is in full growth mode, as exhibited by the company’s announcement of its largest acquisition yet of these impressive Alabama and Mississippi assets,” stated Walter “Wally” Hall, Meridian 91²Ö¿â’s CEO. “Our management team is very familiar with the Alabama and Mississippi marketplaces from previous roles in the industry. We are confident that we can grow the solid base of business already built by Darren and Anthony Rizzo alongside the many dedicated team members of EEP and ADSI and with the continued support of our private equity partner, Warren Equity Partners. Together, we look forward to integrating these assets into our Southeast footprint and having Meridian 91²Ö¿â become a major part of the Alabama and Mississippi solid waste services industry.”
This will be Meridian 91²Ö¿â’s thirtieth acquisition since the company transitioned to private stock under the ownership of Warren Equity Partners (WEP) in April 2018.