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Waste & Recycling November 21, 2017 05:30:29 AM

Deep Green Waste & Recycling Completes Acquisition of Waste Equipment and Services Company

Waste Advantage
ScrapMonster Author
Deep Green Waste & Recycling Inc. announces that it successfully closed the acquisition of Compaction and Recycling Equipment Inc. (CARE).

Deep Green Waste & Recycling Completes Acquisition of Waste Equipment and Services Company

SEATTLE (Waste Advantage): Deep Green Waste & Recycling Inc. announces that it successfully closed the acquisition of Compaction and Recycling Equipment Inc. (CARE). CARE has been in business since 1977. It designs, engineers, fabricates, installs, finances or rents, and services waste equipment.

“The acquisition of CARE is our first acquisition under our strategy to roll-up profitable waste equipment and services companies. CARE helps us to become vertically integrated, expand our footprint in the Northwest, leverage our combined sales team to cross sell waste management products and services.” said Bill Edmonds, Deep Green’s Chairman and CEO. “We believe the combined business will create value for both our investors and the customers we serve.”

Gordon Boorse, President and CEO of CARE commented, “We are very pleased to become part of the Deep Green family and excited about contributing to the success of a great and growing company.”

Deep Green expects the financial contribution of CARE to be material to the company’s combined operating results during the coming 12 months and will provide further information regarding the transaction in the next quarterly filing.

Courtesy: https://wasteadvantagemag.com

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