Meridian Waste acquires Ace Environmental Holdings

Meridian Waste, Charlotte, North Carolina, announced Feb. 5 that it has closed on the purchase of Greer, South Carolina-based Ace Environmental Holdings LLC.

The acquisition, which marked Meridian’s second acquisition in the greater Greenville, South Carolina, marketplace in a week after the announced purchase of Sunrise Sanitation, will help densify hauling operations in the company’s seven state operational footprint, Meridian Waste says.

The terms of both asset purchase agreements remain private.

The Ace Environmental acquisition marks Meridian Waste’s 15 acquisition since the company transitioned to private stock under the ownership of Jacksonville Beach, Florida-based Warren Equity Partners (WEP) in April 2018.

The acquired assets from Ace Environmental Holdings LLC include a construction and demolition debris (C&D) transfer station in Pelzer, South Carolina, and a hauling facility located in Greer that services residential, commercial and governmental contracts in Greer, Greenville and Spartanburg markets. 

The Greer location will serve as the primary hauling company for Meridian Waste, housing the rolling stock and administrative functions of the combined companies. Former Ace Environmental Holdings company owner Steve Serafino and employees of the organization have transitioned to the Meridian Waste team upon closing of the acquisition.

“Entering the South Carolina market with two back-to-back acquisitions ensures that Meridian Waste is a strong player with immediate scale, a strong operating platform, a valuable transfer station, significant synergies and route densities,” Meridian Waste CEO Walter “Wally” Hall says. “We continue to expand our Southeastern footprint in fast-growing markets and look forward to servicing Greenville residents and businesses.”

“The decision to join with the team at Meridian Waste was a natural fit for Ace Environmental,” Serafino says. “Wally and his leadership group have a proven track record of success within the garbage industry. They are focused on issues that matter most, including strategic growth, quality service delivery, a strong environmental record and safe operations. Together, we are in a position to offer the Greenville marketplace strong competition within the solid waste sector. We continue to deliver upon our promise of bringing environmental and financial value to our customers, our employees and our communities.”