Toronto-based Progressive Waste Solutions Ltd. is buying Choice Environmental Services for $123.2 million, the company has announced.
Choice Environmental is a solid waste subsidiary of Swisher Hygiene based in Charlotte, North Carolina. It brings an additional $72 million in annual revenue and serves 150,000 residential and 7,500 commercial customers in southern Florida via a network of six hauling operations, a transfer station and a material recovery facility.
"As one of the largest independent waste and recycling service providers in Florida, Choice Environmental brings residential, commercial and industrial collection operations, along with transfer and material recovery facilities, that are well-positioned in southern and central Florida," announced Joseph Quarin, vice chairman and CEO of Progressive Waste Solutions, in a November 16, 2012 statement to media.
Choice Environmental’s operations will complement Progressives' existing Florida facilities operating under its Waste Services Inc. subsidiary.
About Progressive Waste Solutions Ltd.
Progressive Waste Solutions Ltd. is one of North America's largest full-service, vertically integrated waste management companies, providing non-hazardous solid waste collection, recycling and landfill disposal services to commercial, industrial, municipal and residential customers in 13 states and the District of the Columbia in the U.S., and in six Canadian provinces.