LRS acquires Orion Waste Solutions territories, Waste Recycling Solutions’ business
LRS, a waste diversion, recycling and portable services provider based in Chicago, has acquired Orion Waste Solutions territories in Arkansas, Kansas and Wisconsin, as well as Waste Recycling Solutions’ (WRS') Ramco-Alternative Waste Management (AWM) vertically integrated waste and recycling business in the Little Rock, Arkansas, market.
LRS reports that both of these acquisitions are effective immediately and financial terms were not disclosed.
According to a news release from LRS, the vertically integrated platform acquisitions add a combined 19 municipal contracts across Arkansas, Kansas and Wisconsin; 140 new employees; 115 trucks; one C&D landfill; and nine facilities. LRS says the acquisition of the Orion territories includes central and northwest Arkansas; Topeka, Kansas; and Appleton, Wisconsin. The acquisition of WRS’ Ramco waste recycling and roll-off business includes its Alternative Waste Management division and its C&D landfill located in Mayflower, Arkansas.
All Orion and WRS employees, including the WRS leadership team and Orion territory leaders, will remain with LRS to oversee the newly acquired territories.
“This new 'LRS South' platform will allow expanded product offerings and cross-selling opportunities throughout the entire state of Arkansas, along with Oklahoma, Kansas and Missouri,” says Alan T. Handley, president and CEO of LRS. “The rapidly growing northwest Arkansas market has little or no recycling services, and these acquisitions provide the perfect environment to graft LRS’ world-class recycling offerings into this progressive market. I am thrilled to welcome the Ramco and Orion teams to the LRS family. Under their collective leadership, we look forward to explosive organic- and acquisition-related growth in this market.”
According to LRS, WRS President David Steinmetz, Ramco CFO Rusty Janssen and AWM President Lannis Nicholson will be joining LRS.
“It’s very personal to us, and a lot of hard work has been [done] to get us to where we are today,” Nicholson says. “We couldn’t be more excited to join a winning organization like LRS, enabling us to expand best-in-class service offerings for our customers.”