WASHINGTON (dpa-AFX) - Republic Services Inc (RSG), Wednesday announced the acquisition of one of Southern California's largest independent solid waste companies, Rainbow Disposal Co Inc.
The deal further enhances Republic's Southern California footprint, and reinforces the company's growth strategy to expand its operations through targeted, accretive acquisitions.
Republic has acquired Rainbow's business and facilities, which include hauling routes in Huntington Beach, Fountain Valley, Midway City, Westminster, Orange County, Newport Beach and Irvine as well as a recycling facility, a transfer station, a compressed natural gas refueling station, and a vehicle fleet, powered by CNG.
As part of the deal, the primary principals at Rainbow, Jerry Moffatt and Jeff Snow, have joined Republic Services, and will now lead a newly created business unit of the company based at the Huntington Beach campus. Republic's new business unit will continue to serve residential and commercial customers, providing waste collection, transfer, disposal, diversified material recovery/recycling and organic composting.
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