Veolia North America has completed the acquisition of U.S. Industrial Technologies, a Michigan-based provider of waste and recycling services.
U.S. Industrial Technologies has managed industrial waste streams for automakers as well as other large manufacturers, medium and small businesses and governments and municipalities since 1996.
The acquisition will expand the U.S. market share for Veolia’s Environmental Solutions and Services (ESS) division.
The transaction includes the acquisition of USIT’s main operational location in Livonia, Michigan and another operation in Knoxville, Tennessee. The Livonia centre serves as a collection and storage location for complex waste streams from a wide variety of customers, most notably in the manufacturing sector.
USIT employs more than 70 people at company-owned and customer facilities.
“This represents a strategic expansion of scope in terms of volume for VNA’s hazardous waste business, which has a well-established reputation for service excellence and continues to grow to meet the challenges and demands across the U.S. for the safe, sustainable management of complex waste streams,” said Bob Cappadona, president and CEO of Veolia North America’s Environmental Solutions and Services business.
“We believe this acquisition is fully consistent with the overall vision and purpose of Veolia North America to provide services that meet the needs of our customers and, most importantly, helps our mission to lead the ecological transformation of the planet.”
Cappadona added, “We could not be more pleased to complete this transaction with USIT, which over the years developed a reputation for service excellence that we felt was a perfect match with the high level of quality service that we insist on at Veolia.”
Jerome Prezekop, the owner of USIT, said he was pleased to work with Veolia to complete the transaction.
“This marks a logical and strategic next step for USIT, which has been able to build a strong foothold among its customers and is now poised to accelerate its growth potential through the affiliation with Veolia,” he said. “I have a deep appreciation for Veolia’s culture of safety and compliance and its team-based commitment to customer service, which is the foundation for USIT’s success as well.”
The Veolia Environmental Solutions and Services business provides waste management services, from collection to transportation to recycling and disposal. With the acquisition of USIT, the business will now employ more than 2,300 people at over 200 locations.