LRS, an independent waste diversion, recycling and portable services providers based in Rosemont, Illinois, has announced an expansion of its LRS South territory with the acquisition of Lee's Trash Service, Atkins, Arkansas. The Arkansas River Valley business provides residential and commercial waste disposal and roll-off container services.
According to a news release from LRS, advisory and legal services were provided by Capstone Partners and Much Shelist, respectively. The acquisition is effective immediately.
LRS says the acquisition adds density to its Arkansas River Valley footprint, including more than 25,000 subscription and municipal residential customers and commercial disposal customers. It also offers a roll-off presence in commercial and construction markets and a transfer station to support continued regional expansion.
According to a news release from LRS, Lee's Trash Service was founded in 1993 and transformed from one collection route to one of the premier waste service providers in the Arkansas River Valley. LRS says for more than 30 years, founder Tony Lee has scaled his business with an entrepreneurial spirit rooted in family values and customer service excellence. Lee will remain with LRS in a senior operations role as the company grows its regional presence.
LRS entered Arkansas with the Nov. 2021 acquisitions of Orion Waste Solutions territories in Bethel Heights and Harrison in northwest Arkansas, and Waste Recycling Solutions' RAMCO vertically integrated waste and recycling business in Little Rock, Arkansas, which included a construction and demolition landfill located in Mayflower, Arkansas.
"We are thrilled to see our presence across the south-central states take shape and densifying in Arkansas, where the demand for responsible waste diversion and recycling remains strong," says Rusty Janssen, who joined LRS as part of the Ramco acquisition and now serves as senior vice president for LRS South. "As we grow and expand, LRS will be working to invest in recycling and waste diversion infrastructure to fulfill residential and commercial demand, and we remain on track to change the face of trash in Arkansas."
The acquisition of Lee's Trash Service is LRS' 10th to date in 2022. In 2021, the company amassed 22 acquisitions to complement its organic revenue growth across the nation's midsection.