Advanced Disposal Services, Inc. (NYSE:ADSW) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 31, 2018, Advanced Disposal Services, Inc. (“ADS”), completed its acquisition (the “Acquisition”) of Alabama Waste Disposal Solutions, L.L.C., an Alabama limited liability company (“Alabama Waste Disposal Solutions”), to a membership interest purchase agreement (the “Purchase Agreement”), dated as of December 31, 2018, between Advanced Disposal Services South, LLC, a wholly-owned subsidiary of ADS, and Land Reclamation Company, Inc. (the “Seller”), a Delaware corporation and owner of all of the right, title and interest in and to all of the issued and outstanding membership interests of Alabama Waste Disposal Solutions. to the Purchase Agreement, ADS acquired all of the Seller’s outstanding membership interests in Alabama Waste Disposal Solutions for a purchase price of $15,000,000, subject to certain adjustments provided for in the Purchase Agreement. The Purchase Agreement contains representations and warranties and covenants customary for business combinations of this type.
Alabama Waste Disposal Solutions (i) owns and operates a municipal solid waste landfill and (ii) owns and operates a commercial and residential roll-off waste collection, transportation and disposal business in and around certain Alabama areas.
In connection with the Acquisition, ADS obtained from the Securities and Exchange Commission, to its authority under Rule 3-13 under Regulation S-X, a waiver from the requirements of Rule 3-05 and Article 11 of Regulation S-X to provide certain financial statements of Alabama Waste Disposal Solutions and pro forma financial information relating to the Acquisition. As a result, ADS will not provide such financial statements under Item 2.01(a) and (b) of Form 8-K.
About Advanced Disposal Services, Inc. (NYSE:ADSW)
Advanced Disposal Services, Inc., formerly ADS Waste Holdings, Inc., is an environmental services company providing non-hazardous solid waste collection, transfer, recycling and disposal services to customers in the Southeast, Midwest and Eastern regions of the United States, as well as in the Commonwealth of the Bahamas. The Company operates through three segments: South, East and Midwest. It has a portfolio of collection, disposal and recycling operations that serves growing, operating and managing solid waste management companies in the United States. It offers other services, such as landfill gas-to-energy operations at municipal solid waste landfills; management of third-party owned landfills; customer service charges relating to overdue payments, and customer administrative fees relating to customers. Its facilities is engaged in the collection, processing and sale of old corrugated cardboard, old newspaper, mixed paper, aluminum, glass and other materials.