KNOXVILLE, Tenn. – Meridian Waste, an integrated, non-hazardous solid waste services company, announced its acquisition of two landfills located in Knoxville, Tennessee.
Meridian Waste enters Knoxville, one of the fastest developing mid-tiered cities in the U.S., with the acquisition of two of only three operational construction and demolition (“C&D”) landfills in Knox County. Poplar View Landfill and Riverside Landfill are both long-life landfills in close proximity to downtown Knoxville, major highways and the University of Tennessee.
“The Knoxville market presents an attractive expansion opportunity due to its strong economic outlook, record levels of commercial and business development, and steady population growth,” said Wally Hall, CEO of Meridian Waste.
“With our purchase of the only high capacity landfills in the Knox County region, we are well positioned to grow our market share and become a vital community partner.”
“We have a long-term vision of building a vertically-integrated presence within the area, similar to our strategy in other markets,” said Steven Wacaster, managing partner at Warren Equity Partners.
“It’s historically been a winning formula that we’re bringing to Knoxville and plan to replicate as we enter into new markets.”
Since being acquired by Warren Equity Partners in April 2018, Meridian Waste has completed six add-on acquisitions and expanded into five new markets, including Christiansburg/Blacksburg, Virginia; Knoxville; Augusta, Georgia; Macon, Georgia; and Jacksonville, Florida.