Description of Transaction
Sequeira Partners was engaged by the shareholders of Local to assist them in identifying and pursuing a transaction with a best-fit partner to support future growth. The sale to E360S will enable Local’s next phase of growth, providing opportunities for all stakeholders while allowing the Company to continue to serve customers and the community in the best possible way. The transaction will also provide customers of both Local and E360S a complete offering of waste management solutions, including both solid and specialty waste streams in Saskatchewan.
The Sequeira team provided advisory assistance throughout the transaction including marketing the business, negotiating preliminary and final deal terms, advising on transaction structure and consideration, as well as assisting with due-diligence and other pre-closing matters.
Local Waste Services Corp.
Local Waste Services Corp. was founded in 2016 in Edmonton, Alberta, with a mission to provide waste service with the same level of sophistication as a multinational player, but with a customer service and community connection of a smaller business. Local provides solid and liquid waste collection including front load, roll off, compactors to institutional, commercial, industrial, portable toilet and fence rental, and residential services in Edmonton, Whitecourt, Calahoo, Sturgeon, Parkland and Lac St. Anne County in Alberta. In Saskatchewan, Local provides these same services in addition to a C&D recycling facility and transfer station which are vertically integrated with their Class 2 landfill near Minton, Saskatchewan.
E360
Founded by industry veteran Donato Ardellini, E360S is a vertically integrated provider of waste management, environmental, and recycling/circular economy services to over 30,000 Canadian municipal, commercial and industrial customers. E360S is based in Aurora, Ontario, Canada and operates throughout Alberta, British Columbia, Ontario, Quebec, and Saskatchewan. E360S is dedicated to becoming North America’s leading and most trusted environmental management company.
