Rizzo Services divested certain assets to Waste Management, Inc. The principals of Quarton Partners acted as the exclusive financial advisor to Rizzo Services.
Rizzo Services, located in Detroit, Michigan, engages in non-hazardous solid waste management services including collection, transfer and recycling. The Company is the largest independent provider of waste management services within its southeastern Michigan marketplace. Through its collection and transfer operations, the Company services commercial, industrial and residential accounts. Rizzo also provides lawn care and snow removal services for commercial businesses.
Waste Management, Inc. (NYSE:WMI), based in Houston, Texas, is a leading provider of comprehensive waste management services in North America. The company provides collection, transfer, recycling and resource recovery, and disposal services. It is the largest residential recycler in North America as well as a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The companys customers include residential, commercial, industrial, and municipal customers throughout North America.