Waste Connections acquires Groot Industries
Waste Connections Inc., Toronto, has announced the acquisition of Groot Industries Inc., Chicago. Founded more than a century ago in 1914, Groot is the largest privately owned solid waste services company in Illinois with total annual revenue of approximately $200 million.
Groot serves approximately 300,000 customers primarily in northern Illinois from a network of six collection operations, six transfer stations and two recycling facilities.
“Groot is one of the most respected and best in class companies in our industry,” says Ronald J. Mittelstaedt, CEO and chairman of Waste Connections. “With a majority of its operations contiguous to the Rock River assets we acquired in November 2015, Groot solidifies our leading position in these markets, increases potential internalization benefits of their disposal volumes into our existing landfills and further expands our platform for additional growth opportunities.
He adds, “We are extremely pleased that Jon Groot and Ryan Brandsma will continue to lead Groot, and we expect that Groot’s support and commitments to its employees, customers and the communities it serves throughout four generations of family ownership will be further strengthened under our stewardship.”
Groot and Brandsma say in a joint statement, “We look forward to joining the Waste Connections family and carrying on the Groot name within our markets.
They add, “We believe Waste Connections’ leadership team, culture, decentralized operating philosophy and growth focus are the best fit for Groot. We previously had looked to acquire Rock River given the obvious merits of such a combination and are excited to be together under Waste Connections.”
Waste Connections provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets to 6 million residential, commercial, industrial and exploration and production customers in 40 states and the District of Columbia in the U.S. and in five provinces in Canada.
The company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest area.
National Waste Management Holdings acquires Northeast Data Destruction and Recycling
National Waste Management Holdings Inc., Hernando, Florida, has acquired Northeast Data Destruction and Recycling LLC, Kingston, New York.
The transaction, which closed Dec. 31, 2016, expands National Waste Management’s operations in upstate New York, where the company is responding to customer demand for cardboard recycling and document destruction, hard drive destruction and other data destruction.
“Acquiring Northeast Data Destruction and Recycling extends our reach to Kingston, New York, allowing us to offer roll-off services as we plan future expansion of this location,” says Louis Paveglio, CEO of National Waste Management. “The acquisition enables our sales team to offer the additional services in both locations, and at the same time enables us to trim overhead costs.”
National Waste Management’s acquisition strategy calls for at least one acquisition per quarter, subsequently diversifying revenue streams.