CARDS Holdings, Inc. (CARDS), the mid-south leader of independent waste, recycling, and temporary services, announced the acquisition of Barnes Waste Disposal (Barnes), a residential waste hauler located in Princeton, TX. Barnes is a waste services company providing collection, hauling, and disposal services to commercial, residential, and municipal customers in Collin, Hunt, Dallas, and Rockwall counties. This acquisition is effective immediately, financial terms were not disclosed.
Norman Barnes founded Barnes Waste Disposal nearly 20 years ago with a strategy to outperform and out service his competition. Currently Norman has 16 employees, nearly 8,000 subscription residential customers, 17 trucks and 3 municipalities.
“We are grateful to take over what Norman has built and expand the company’s presence while continuing to provide premium service to our customers. We want to ensure our new employees and customers are strategically integrated. Our intentions are to merge the business through our integrations team and the assistance of Jada Graff, current Barnes Waste Disposal General Manager. We owe it to Norman and our customers to ensure a smooth transition” says Chief Executive Officer, Dan Christensen.
Jada Graff, daughter of Norman Barnes, opted to continue employment with CARDS running day to day operations and leading integration, sales, marketing and business development efforts. Jada will add value and experience to the existing CARDS leadership team.
This is the 3rd acquisition in six weeks for CARDS. Barnes acquisition densifies CARDS’ existing footprint, wrapping the east Dallas market and moves CARDS closer to strategic growth opportunities. This transaction provided immediate routing overlay in subscription residential and commercial services.
“We continue to seek tuck-in acquisitions that offer instant synergies within our service footprint but also open us to new markets. This acquisition expands our capabilities in east Texas, a key and growing market. Not only does this provide immense value but progress in a market we believe in,” says Chief Revenue Officer, Dustin Reynolds.
Owner and industry expert Norman Barnes endorsed the decision to sell the business to CARDS. “Throughout this transaction, it was clear CARDS puts its employees and customers first. I look forward to CARDS’ continued success and seeing what my daughter can accomplish with the firepower CARDS can offer, says Norman Barnes. CARDS continues to look for acquisitions across the solid waste value chain including hauling, transfer and landfill assets.