- The Woodlands, TX-based Waste Connections has reported its 2015 third-quarter earnings. Revenues for the waste management company increased 0.2% to $547.9 million, while its net profits climbed 2% to $61.3 million, compared with $60.1 million in the same 2014 period.
- Waste Connections has also announced an agreement to acquire Shamrock Disposal, an integrated provider of solid waste collection, recycling, transfer, and disposal services, with a total revenue of $75 million, according to a press release.
- Waste Connections Chairman and CEO Ron Mittelstaedt noted that this acquisition, along with "tuck-in acquisitions of collection operations in California, Oregon, and Texas," can provide an additional 5% revenue growth in 2016.
Waste Connections describes itself as "an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets." Its earnings prove that solid waste acquisitions have (and will continue to) put the company on the right track toward growth in the market.
The new acquisition of Shamrock Disposal is what Mittelstaedt refers to as a "typical Waste Connections transaction" — one that will place Waste Connections as a leading collection service in several suburban and rural markets.