Waste Connections Announces New Market Acquisition
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THE WOODLANDS, Texas –Â Waste Connections, Inc. (NYSE: WCN) today announced it has entered into an agreement to acquire an integrated provider of solid waste collection, recycling, transfer and disposal services, with total annual revenue of approximately $75 million. This new market transaction remains subject to closing conditions, including regulatory approval, and closing is expected to occur before year end.
"This is a typical Waste Connections transaction: leading collection position in several suburban and rural markets; fully integrated with multiple landfills; and several long-term municipal contracts securing a large portion of the revenue base," said Ronald J. Mittelstaedt, Chief Executive Officer and Chairman.
Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets. Through its R360 Environmental Solutions subsidiary, the Company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than two million residential, commercial, industrial, and exploration and production customers from a network of operations in 32 states. The Company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections, Inc. was founded in September 1997 and is headquartered in The Woodlands, Texas.
For more information, visit the Waste Connections web site at www.wasteconnections.com. Copies of financial literature, including this release, are available on the Waste Connections website or through contacting us directly at (832) 442-2200.
CONTACT:
Worthing Jackman / (832) 442-2266
worthingj@wasteconnections.com
Mary Anne Whitney / (832) 442-2253
maryannew@wasteconnections.com
SOURCE Waste Connections, Inc.
Web Site: http://www.wasteconnections.com Â
