WCA Waste Corp., Houston, Texas, has signed a letter of intent to acquire the operations of Live Earth, LLC, a privately held company whose operations include the Sunny Farms Landfill, a 457 acre site permitted to accept municipal solid waste, industrial waste, and construction and demolition debris located in Seneca County, Ohio.
Additional operations to be acquired from Live Earth include Champion City Recovery, a transfer station permitted to accept 1,000 tons a day located south of Boston, Mass., and a rail haul operation over the CSX rail line transporting waste from the east coast to Sunny Farms Landfill. The landfill is currently averaging approximately 3,200 tons per day.
“We are very excited about the proposed Live Earth acquisition. Successful completion of this transaction will expand our footprint into the Midwest and East Coast which we believe will increase our acquisition pipeline beyond the current focus area,” said Tom Fatjo, chairman, WCA. “We are pleased that Chris Valerian, CEO of Live Earth, has agreed to stay and operate the Sunny Farms Landfill and the East Coast rail operations.”
The letter of intent is non-binding and the proposed acquisition of Live Earth is subject to the completion of due diligence, the negotiation of definitive agreements, WCA stockholder approval and other customary conditions.