Budget Waste Inc. (BWI) is pleased to announce today that a definitive letter of intent has been signed with We Haul Waste Inc. This positive step will provide both parties the opportunity to negotiate purchase terms and conditions with the best interests of both companies and all shareholders being priority. The purchase agreement is expected to be completed promptly as the companies have had an excellent operational relationship over the past year.
The addition of We Haul Waste Inc. will bring new, quality equipment to BWI and add several successful contracts to BWI. Brian Jovanovic, COO for BWI, states, "This acquisition is very complementary to the current operations BWI is developing. We Haul Waste Inc. is involved in the same waste hauling sectors as we are; the assets, and customer base are extremely similar and will blend quite naturally together. Overall we foresee a very smooth transition."
Budget Waste Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services. We are confident that extraordinary growth and focus on customer needs will bring our stockholders outstanding value for the confidence they have placed in BWI.