Valet Living, an amenities provider to the multifamily housing industry, announced its acquisition of doorstep trash and recycling collection company WasteRetriever LLC.
Valet Living explained that its interest in WasteRetriever stems from many parallels between the two companies, including alignment on core values.
"When we are searching for strategic acquisitions, we greatly weigh how a company fits within Valet Living's beliefs and values because our people are most important to us," said Shawn Handrahan, president and CEO of Valet Living, in a statement. "We've looked at a lot of companies, and WasteRetriever stood out to us because of its commitment to quality, servant leadership and its dedication to sustainability."
WasteRetriever services approximately 30,000 apartment homes in nine states, all of which will move to the Valet Living portfolio. WasteRetriever has approximately 150 associates including its founder, John Lis, who will transition to become Valet Living associates.
"We are proud that Valet Living chose to acquire WasteRetriever out of the many doorstep collection providers to the multifamily industry," said Lis in a statement. "Our goal has always been to provide quality service to our clients and residents, maintained by the highest level of client and resident support. We feel confident we will transition seamlessly into Valet Living."
Valet Living believes the acquisition will further enhance its national presence and increase strong synergies in its primary markets, given WasteRetriever's presence in Arizona, Colorado, Florida, Georgia, Kentucky, Maryland, North Carolina, South Carolina and Texas.