TraQiQ, Inc., a leading diversified waste and recycling services provider, announced that its wholly-owned subsidiary, Titan Trucking, LLC, has signed an agreement to purchase Recycle Waste Services LLC as it continues to execute on the Company’s plan to shift and restructure its business operation to providing traditional and alternative environmental services. RWS is an environmentally-responsible waste and recycling hauler and service provider based in Sylvania, Ohio. It specializes in waste facility management and the provision of roll off, long haul and waste diversion services throughout Northwest Ohio and Southeast Michigan.
“We are excited about adding RWS to the TraQiQ family of companies and look forward to having the RWS management team, including Ryan and Scott Stansley, join us in executing our plan to grow TraQiQ into a leading provider of environmental services through aggressive organic and acquisitive growth campaigns,” said Glen Miller, the Company’s Chief Executive Officer.
TraQiQ intends to rebrand itself as Titan Environmental Solutions, Inc. over the upcoming months, a name that represents its new focus. The completion of the RWS acquisition will provide significant synergies as well as an entry to the Ohio marketplace for the Company. “The transaction with TraqIQ will allow us to provide our current customers with the unprecedented level of service they have become accustomed to, while at the same time, providing RWS the runway and resources necessary to expand upon our offerings and capabilities for customers within both new and existing market areas” said Ryan Stansley, RWS’s President. O’Keefe’s investment banking group acted as the financial advisor to Titan Trucking on the RWS transaction.