PHOENIX, Oct. 1, 2014 /PRNewswire/ -- Republic Services,
Inc. (NYSE: RSG) announced today the acquisition of one of
Southern California's largest
independent solid waste companies, Rainbow Disposal Co., Inc. The
transaction further enhances Republic's Southern California footprint, and reinforces
the Company's growth strategy to expand its operations through
targeted, accretive acquisitions.
Republic has acquired Rainbow's state-of-the-art business and
facilities, which include hauling routes in Huntington Beach, Fountain Valley, Midway City, Westminster, Orange
County, Newport Beach and
Irvine as well as a recycling
facility, a transfer station, a compressed natural gas (CNG)
refueling station, and a vehicle fleet, powered by CNG.
"Rainbow Disposal's highly favorable and growing market
position, long-term franchise agreements and diversified service
offering will make a strong addition to Republic Services," said
Brian Bales, executive vice
president, Business Development. "Through this acquisition, we are
further enhancing our recycling and waste diversion capabilities
which will allow us to better serve California's growing sustainability
initiatives."
As part of the transaction, the primary principals at Rainbow,
Jerry Moffatt and Jeff Snow, have joined Republic Services, and
will now lead a newly created business unit of the Company based at
the Huntington Beach campus.
Republic's new business unit will continue to serve residential and
commercial customers, providing waste collection, transfer,
disposal, diversified material recovery/recycling and organic
composting.
Mr. Moffatt said, "For over 50 years, Rainbow Disposal has
offered thousands of customers across Southern California solutions to their waste
disposal needs. We are now pleased to be a part of the industry
leading team at Republic Services, as both companies have strong
values and a commitment to customer service, innovation and
sustainability." Mr. Snow added, "We have prided ourselves on
providing the highest levels of customer service and community
engagement while at the same time focusing on being an employer of
choice to our team of 350 dedicated employees. We look forward to
continuing this great tradition under the Republic flag."
About Republic Services:
Republic Services, Inc. is an industry leader in U.S.
non-hazardous recycling and solid waste. Through its
subsidiaries, Republic's collection companies, transfer stations,
recycling centers and landfills focus on providing reliable
environmental services and solutions for commercial, industrial,
municipal and residential customers. Republic and its
employees believe in protecting the planet and applying common
sense solutions to customers' waste and recycling challenges. For
more information, visit the Republic website at
republicservices.com.
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SOURCE Republic Services, Inc.