Lakeshore Recycling Systems (LRS), an independent recycling and waste diversion provider in the Midwest, announced it has acquired Madison, Wisc.-based Royal Container Service, a dumpster and recycling services provider.
The acquisition creates a scalable waste and recycling platform in southern Wisconsin and expands the LRS service area. Financial terms were not disclosed, and the acquisition is effective immediately.
As a result of the acquisition, Royal’s 50 employees, 25 trucks and more than 1,000 roll-off dumpsters will now be a part of LRS. The company also will control three key facilities previously owned by Royal located in Madison and its surrounding communities, including one of the few automated construction and demolition (C&D) recycling facilities in Wisconsin. Royal controls nearly 100,000 tons of material and successfully recycles or diverts in excess of 75 percent of that material.
“We welcome all Royal employees and customers to the LRS family through this milestone acquisition as we expand into southern Wisconsin,” said LRS CEO Alan T. Handley in a statment. “We look forward to offering Royal customers access to all LRS services, including residential and commercial waste collection, roll-off dumpsters, portable restrooms, street sweeping and onsite storage. Royal’s leadership team has always run a first-class, customer-focused operation, and we look forward to working with their senior leadership team as we continue to execute on our aggressive geographic expansion.”
According to the company, Royal has built a base of loyal customers thanks to the dedication of its owners, David Vander Velde, Steve Olsen and Kim Lindholm. Effective immediately, Vander Velde will remain part of the Royal team managing daily operations, and Olsen will remain on as an active shareholder in LRS.
“We are thrilled to be a part of the LRS family and look forward to offering our customers more services than ever before,” said Vander Velde in a statement. “As a company that excels in construction services with a strong roll-off presence, expanding to residential and commercial waste collection is exciting and will create great opportunities for our employees who live and work in the area. Wisconsin has always been home to our company and team, and we look forward to serving this vibrant community.”