Progressive Waste Solutions Ltd. (NYSE, TSX: BIN) announced today it has acquired, through its wholly owned subsidiary Waste Services of Florida, Inc., Choice Environmental Services, Inc. (“Choice Environmental”) for cash consideration of $123.25 million. Choice Environmental is a solid waste services company based in Fort Lauderdale, Florida, and a wholly owned subsidiary of Swisher Hygiene (NASDAQ: SWSH, TSX: SWI).
“As one of the largest independent waste and recycling service providers in Florida, Choice Environmental brings residential, commercial and industrial collection operations, along with transfer and material recovery facilities, that are well-positioned in southern and central Florida,” said Joseph Quarin, Vice Chairman and Chief Executive Officer, Progressive Waste Solutions. “We are very pleased to add these assets, which strongly complement our existing collection and disposal footprint in Florida, to our growing network.”
Choice Environmental generates annual revenue of approximately $72 million through six collection operations, one municipal solid waste transfer station and one Material Recovery Facility (MRF).
All questions related to products and services in Lehigh Acres, please contact:
Choice Environmental Services of Lee County, Inc.
5594 6th Street West
Lehigh Acres, FL 33971
Office Hours: 8:00 AM – 5:00 PM
Telephone (239)368-2300
Fax (239) 368-2800