Brown Gibbons Lang & Company (BGL) Advises on Divestiture in Solid Waste
CHICAGO and CLEVELAND, June 8, 2016 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of select, non-core hauling assets of Red River Waste Solutions (RR Waste) to Waste Connections, Inc. (NYSE: WCN). The specific terms of the transaction were not disclosed. BGL’s Environmental & Industrial Services team served as financial advisor to RR Waste in the transaction.
Waste Connections purchased RR Waste’s hauling operation in Rapid City, South Dakota, which provides solid waste collection, recycling, and disposal services to residential and commercial customers. The transaction combines the two largest waste management participants in the South Dakota market. RR Waste remains highly acquisitive in its current markets.
Founded in 1988, Red River Waste Solutions (RR Waste) is a leading solid waste management and recycling company specializing in residential and commercial solid waste collection, hauling, and landfill management. The company provides services to residential and commercial customers primarily in the southern U.S., including Kentucky, Tennessee, Mississippi, and Louisiana, as well as Iowa and Texas.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
SOURCE Brown Gibbons Lang & Company