Waste Management to buy Advanced Disposal for about $3 billion
That is representing a total enterprise value of $4.9 billion when including approximately $1.9 billion of Advanced Disposal’s net debt.
The per share price represents a premium of 22.1% to Advanced Disposal’s closing share price as of April 12, 2019, the last trading day prior to today’s announcement, and a premium of 20.9% to Advanced Disposal’s 30-day volume weighted average price as of the same date.
Waste Management is North America’s premier environmental solutions company.
This acquisition grows Waste Management’s footprint and allows Waste Management to deliver to Advanced Disposal customers unparalleled access to differentiated, sustainable waste management and recycling services.
With 2018 revenues of $1.56 billion, adjusted EBITDA of $427 millionand approximately 6,000 employees, Advanced Disposal serves more than 3 million residential, commercial, and industrial customers, including over 800 municipalities primarily in 16 states in the Eastern half of the United States.
Advanced Disposal’s solid waste network includes 94 collection operations, 73 transfer stations, 41 landfills, and 22 owned or operated recycling facilities. ■