Republic Providers Inc. has signed an settlement to purchase JRM Hauling and Recycling Providers Inc., the Peabody-based firm that has contracts with a number of native municipalities for residential trash assortment. The settlement was introduced final week in a letter to workers from JRM homeowners James R. Motzkin and James S. Motzkin.
In keeping with the letter, the deal is scheduled to shut in mid-Might and is topic to regulatory approval. The sale additionally consists of GreenWorks, JRM’s recycling plant in Peabody. It’s unclear what influence a sale would have on native trash assortment. Officers from JRM and Republic didn’t return messages for this story. Peabody Metropolis Councilor David Gamache, who represents the ward the place JRM’s headquarters is positioned and whose brother is the overall supervisor for JRM, stated he hopes the transition will likely be seamless for town and for residents.
“JRM has finished a beautiful job with town of Peabody and has given town nice charges each time their contract comes up,” Gamache stated. “I’m certain town goes to overlook them and I hope Republic continues on with that course.” Beverly Mayor Mike Cahill stated the sale won’t have an effect on Beverly’s contract with JRM. “The brand new homeowners will likely be obligated to honor the contract,” Cahill stated. “We look ahead to assembly them and attending to work with us.”