The long-anticipated acquisition of Santek Waste Disposal was completed on May 5, Republic Services announced at its Q1 earnings call.
The transaction of the Tennessee-based company was first announced in March 2020, but a round of divestitures needed to be completed before the purchase was solidified.
CEO Don Slager provided financial results for the last time, as Republic President Jon Vander Ark prepares to take over beginning June 25, 2021. I am more than proud of what this team has accomplished over the last decade, Slager said. And I m extremely confident and how we are positioned to go forward from here. Now I could give you a long list of accomplishments, and important milestones that we have achieved, and frankly surpassed, I can go on and on about the foundation we have built.