Florida Real Estate News: Southern Waste Systems/ Sun Recycling Acquired by Waste Management, Inc of Florida

   Business Assets of Southern Waste Systems/ Sun Recycling in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, have been acquired by the Waste Management, Inc. of Florida.

                "Today marks the beginning of us bringing together two very successful, complimentary businesses and we're excited to welcome the more than 750 talented and dedicated SWS employees to the Waste Management team," said Tim Hawkins, area vice president, Waste Management, Inc. of Florida.

                According to the press release of Waste Management, Inc. of Florida in Business Wire, the company acquires operations and assets at 12 SWS/Sun Recycling facilities located in the Palm Beach, Broward and Miami-Dade Counties. Business assets, which include residential, commercial, and industrial solid waste collection, processing/ recycling and transfer operations, equipment, vehicles, real estate and customer agreements, of Southern Waste Systems/ Sun Recycling were also acquired by the Waste Management, Inc. through the transaction.

                "The SWS/Sun Recycling assets align perfectly with our existing operations and service offerings, and will enhance the environmental solutions we provide to our combined customers throughout South Florida," said Hawkins.

                Details about the transaction are to be discussed by the Waste Management, Inc. as part of its fourth quarter earnings call.

                Waste Management, Inc. is a Houston-based comprehensive waste management service that serves more than 21 million customers, which include municipalities, construction sites, healthcare facilities, commercial buildings and many others, in the United States and Canada. The company also provides collection, transfer, recycling and resource recovery, and disposal services through its subsidiaries. The company is committed to developing new waste solutions that can help communities and organizations achieve their green goals, including zero waste. Waste Management, Inc. also provides renewable energy by recovering the naturally occurring gas inside landfills to generate electricity, called landfill-gas-to-energy. They have already operated over 134 beneficial-use landfill-gas projects that produce enough energy to power nearly 500,000 homes by the end of 2014.