Deep Green Waste & Recycling, Inc. announces that it has acquired Columbia Financial Services, Inc. (Columbia). Oregon based Columbia is a compactor rental and leasing company.
Bill Edmonds, Chairman and CEO of Deep Green stated, “As part of our managed services offerings to commercial properties throughout the US, we rent or lease a large number of recycling and trash compactors from third parties. The acquisition of Columbia will not only help us reduce our rental/lease costs for that equipment and thereby continue to improve Deep Green operating margins internally, but also allow us to broadly expand our offerings to the market by providing creative waste equipment procurement and financing solutions for commercial property owners and managers. Given the circa 15-year life of compactors and other fixed waste management equipment, we see this as a long-term stable and growing cash flow business and we will continue to invest in Columbia to support its growth.”
To read the full story, visit http://markets.businessinsider.com/news/stocks/Deep-Green-Waste-Recycling-Acquires-Columbia-Financial-Services-Inc-1010323398.