Allan Gerlat, News Editor

July 9, 2015

2 Min Read
Red River Waste Buys Third Iowa Hauler Since May

Red River Waste Solutions LP has acquired Marvin Konfrst Trash Service (MKTS), Glenwood, Iowa, a business in the same family as two previous purchases in Glenwood by Red River in May.

The Dripping Springs, Texas-based Red River Waste earlier bought Steve Konfrst Trash Service and Mel Konfrst Trash Service. The latest purchase was owned by Mel Konfrst’s brother, Marvin, who had been providing waste collection in the Glenwood area for more than 30 years, according to a news release.

 The purchase was for an undisclosed amount. The competing family businesses have provided residential, commercial and industrial waste collection services in southwest Iowa.

Red River’s latest purchase is a tuck-in acquisition to the company’s existing operation in Council Bluffs, Iowa, where it provides residential waste, yard waste and recycling collection.

Red River has relocated its regional office to Glenwood from Omaha, Neb., and added 20 jobs to the local community.

The purchases in May were father-and-son haulers.

Red River has been bolstering its Council Bluffs operation. Last October it added its first compressed natural gas (CNG) truck to its waste collection fleet there, and it plans to add nine more trucks by 2016.

And it supplements a flurry of recent smaller acquisitions in the waste and recycling industry. This month Corpus Christi, Texas-based K2 Waste Solutions purchased waste and recycling hauler LT’s Garbage Service, based in Dayton, Texas. That followed two other purchases by the firm in late June: Phoenix-based residential waste hauler Greenline Waste and Recycling LLC and then Lake Country Disposal (LCD) LLC, based in Menomonee Falls, Wis.

In her June Waste360 Business Insights column, industry financial analyst Leone Young wrote of her impressions from WasteExpo 2015 that the bigger companies believe that high seller expectations for valuations on acquisitions is a stumbling block to more deals getting done.

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.

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like