Republic Services Unit To Purchase Tervita LLC - Quick Facts

(RTTNews) - Republic Services, Inc. (RSG) and Calgary, Alberta-based Tervita Corp. have signed a definitive deal, whereby Republic Services' subsidiary would acquire Tervita, LLC, an unit of Tervita Corp. Tervita is a pure-play environmental waste solutions provider serving oil and natural gas producers in the U.S.

Tervita, through its approximately 500-person skilled U.S. workforce, has an exceptional track record of safety and regulatory compliance across its entire operational footprint. Tervita's geographic footprint spans across some of the most attractive domestic basins, including the Permian, Eagle Ford and Bakken.

"The acquisition of this vertically integrated operation allows Republic Services to establish a significant platform in the E&P waste sector and positions us well for future growth opportunities," said Donald Slager, president and CEO of Republic Services.

J.P. Morgan Securities LLC acted as exclusive financial advisor to Republic Services and Goldman, Sachs & Co. acted as exclusive financial advisor to Tervita Corporation on this transaction.