Waste Connections to Buy Waste, Recycling Firm with $75 Million in Revenue

Allan Gerlat, News Editor

October 28, 2015

1 Min Read
Waste Connections to Buy Waste, Recycling Firm with $75 Million in Revenue

Waste Connections Inc. said it has agreed to buy a waste and recycling firm that it didn’t identify but has annual revenue of about $75 million.

The Woodlands, Texas-based Waste Connections said it is acquiring an integrated solid waste collection, recycling, transfer and disposal service provider. The deal is subject to closing conditions, including regulatory approval. The company said in a news release it expects the transaction to close before the year’s end.

"This is a typical Waste Connections transaction: leading collection position in several suburban and rural markets; fully integrated with multiple landfills; and several long-term municipal contracts securing a large portion of the revenue base," said Ron Mittelstaedt, chairman and CEO of Waste Connections.

Waste Connections just released its third quarter results, in which it also disclosed several acquisitions. The company bought Shamrock Disposal, a solid and industrial waste collection and disposal firm in Duluth, Minn., as well as tuck-in acquisitions of collection operations in California, Oregon and Texas. The purchases added about $15 million in annualized revenue, the company said.

With the announcement, Mittelstaedt said that those deals and others that may close before the end of the year could provide 5 percent additional revenue growth in 2016.

Meanwhile, the company recorded small advances in net profits and revenue for its third quarter preliminary results.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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