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Slide #27. Waste Connections, Inc. — R360 Environmental Solutions
Waste Connections, Inc. (NYSE:WCN)
R360 Environmental Solutions
Waste Connections, Inc. announced that it has entered into an agreement to acquire the business and operating subsidiaries of R360 Environmental Solutions, Inc. (together, "R360") for approximately $1.3 billion in cash. R360 is a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the oil-rich Permian, Bakken and Eagle Ford Basins. It operates 26 facilities across Louisiana, New Mexico, North Dakota, Oklahoma, Texas and Wyoming and has annualized revenue of approximately $300 million. The transaction remains subject to certain closing conditions, including receipt of regulatory approvals. Closing is expected to occur in the fourth quarter of 2012.
Waste Connections is engaged as an an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with recycling and resource recovery, in mostly exclusive and secondary markets in the United States ("U.S.") and Canada. Co. also provides non-hazardous oilfield waste treatment, recovery and disposal services and exploration and production in several basins across the U.S., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
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Strong Buy (3.77 out of 4)