Republic Services recently acquired Benfield Sanitation Services, a hauler in the Charlotte, North Carolina, area. The deal adds a company with more than 100 employees to Republic’s presence in the market.
The deal, confirmed by Republic, brings a company with deep roots in the market to one of the nation’s largest haulers. Founded in 1958 by James Benfield and now run by his son, the company serves 10 counties and 38 cities today, according to its website. It operates a 50-plus vehicle fleet, according to data from the Federal Motor Carrier Safety Administration, and has previously worked with the state of North Carolina to bring a CNG-powered vehicle into its fleet.
Based in Statesville, about 40 miles north of Charlotte, Benfield offers residential curbside trash and recycling collection, as well as roll-off dumpsters and commercial services. In 2011, it also opened the Iredell Recycling MRF with a capacity of 63,000 tons per year.
Republic’s website lists several other facilities it owns in the area north of Charlotte, including the Lake Norman landfill in Stanley and a MRF and transfer station in Conover.
Republic has been active in pursuing its acquisition pipeline. It spent $927.3 million on acquisitions in the first half of this year, more than any of its other competitors. On the company’s second quarter earnings call, CFO Brian DelGhiaccio said the company would surpass $1 billion in acquisitions this year, as it sees deals as a way to partially offset depressed commodity prices.
