By David Bodamer, Waste Expo 360.
Phoenix-based Republic Services Inc. and Calgary, Alberta-based Tervita Corp. have entered into a definitive agreement whereby a subsidiary of Republic Services will acquire Tervita LLC, a subsidiary of Tervita Corp. for $485 million.
Tervita is a pure-play environmental waste solutions provider serving oil and natural gas producers in the United States. Tervita's geographic footprint spans across several U.S. oil basins, including the Permian, Eagle Ford and Bakken. Tervita provides oilfield waste services and operates three types of waste management and disposal facilities: treatment, recovery and disposal (TRD) facilities; engineered landfills; and salt water disposal (SWD) injection wells. Additionally, Tervita provides closed loop solids control systems and transportation services.