Meridian Waste Photo
Meridian Waste closed on the purchase of Ace Environmental Holdings, LLC, located in Greer.
The acquired assets from Ace Environmental Holdings, LLC, includes a hauling facility at 315 Buncombe Street in Greer servicing residential, commercial and governmental contracts in Greer, Greenville and Spartanburg markets. The Greer location will serve as the primary hauling company for Meridian Waste housing the rolling stock and administrative functions of the combined companies.
Former Ace Environmental Holdings company owner, Steve Serafino, and employees of the organization have transitioned to the Meridian Waste team upon closing of the acquisition. Ace Enviromental listed eight employees and reported $560,000 generated sales annually on its website.
A construction and demolition debris transfer station at 512 Cherokee Road in Pelzer was also closed by Meridian Waste today.
Earlier in the week, the company acquired Sunrise Sanitation, Inc., located in Easley. The terms of the asset purchase agreements remain private.
“Entering the South Carolina market with two back-to-back acquisitions ensures that Meridian Waste is a strong player with immediate scale, a strong operating platform, a valuable transfer station, significant synergies, and route densities,” said Walter “Wally” Hall, Chief Executive Officer of Meridian Waste. “We continue to expand our Southeastern footprint in fast growing markets and look forward to servicing Greenville residents and businesses.”
“The decision to join with the team at Meridian Waste was a natural fit for Ace Environmental,” said Serafino. “Wally and his leadership group have a proven track record of success within the garbage industry. They are focused on issues that matter most including strategic growth, quality service delivery, a strong environmental record, and safe operations,” he said. “Together, we are in a position to offer the Greenville marketplace strong competition within the solid waste sector. We continue to deliver upon our promise of bringing environmental and financial value to our customers, our employees, and our communities,” said Serafino.
Meridian Waste, is headquartered in Charlotte, N.C., is an integrated, non-hazardous solid waste services company serving seven states.