LRS, an independent waste diversion, recycling and portable services provider based in Rosemont, Illinois, has acquired Grayslake, Illinois-based Lakes Disposal Services, an independent, family-owned waste and recycling provider serving residents and businesses in northern Illinois. Financial terms were not disclosed, and the acquisition is effective immediately.
According to a news release from LRS, the acquisition expands its northern Illinois footprint, adding about 2,000 commercial customers and municipal services for McHenry County, Avon Township and Lake County.
LRS says Lakes Disposal Services was founded by Tim and Janelle Petersen in 2008 and complements its 2021 acquisition of various GFL assets, including 16 municipalities in far northern Illinois, owned previously by Prairieland Disposal and Recycling Services.
"We welcome Tim, Janelle and all Lakes Disposal employees and customers to the LRS family and are excited to bring more growth and investment to our robust Chicagoland market," says LRS President and CEO Alan T. Handley. "LRS continues to challenge the waste industry status quo, bringing much-needed local competition to help significantly lower the cost of municipal solid waste and recycling services, particularly at a time when many of our residential customers are struggling to make ends meet."
The Petersens and all Lakes Disposal employees will remain with LRS to ensure a seamless transition and customer experience, Handley adds.
Lakes Disposal is LRS' sixth announced acquisition in 2022; other 2022 announcements include Portage, Wisconsin-based The Country Plumber; Topeka, Kansas-based Ditch & Associates; Rochester, Minnesota-based Sunshine Sanitation; Chicago-based Auburn Disposal; and South Bend, Indiana.-based Junoll Services.