Waste Connections Inc. has agreed to buy oil field waste treatment and disposal company R360 Environmental Solutions Inc. for approximately $1.3 billion in cash.

R360 provides non-hazardous oilfield waste treatment, recovery and disposal services for natural resource producing areas in the United States with annual revenue of about $300 million. It operates 26 facilities in Louisiana, New Mexico, North Dakota, Oklahoma, Texas and Wyoming, the Woodland, Texas-based Waste Connections said in a news release. ...