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Seattle solid-waste management firm CleanScapes intends to merge with San Francisco-based Recology.
CleanScapes CEO Chris Martin told his staff of 280 employees Tuesday that his firm plans to merge with the employee-owned Recology if the deal is approved by the Federal Trade Commission.
The transaction, which is worth at least $66 million, would make CleanScapes a wholly owned subsidiary of Recology, but it would remain incorporated in Washington as CleanScapes, with the local management team fully intact.
The merger sets up CleanScapes to leverage the larger firm’s resources while continuing to expand its footprint and services even further, Martin said.
Read more at the Puget Sound Business Journal
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