Date: October 25, 2010
Source: Waste Connections, Inc.
Waste Connections, Inc. (Folsom, CA) is acquiring Stutzman Refuse Disposal Inc. of South Hutchinson, KS, a waste collection and recycling company that serves 50,000 customers and 25 cities in 14 counties of central kansas. Waste Connections said that Stutzman's market is contiguous to their own operations, implying that the deal, expected to close in early November, will likely yield immediate efficiencies.
FROM THIRD QUARTER REPORT:
Mr. Mittelstaedt added, "Recent acquisition activity brings the total annualized revenue for signed or completed transactions year-to-date to approximately $40 million. In October, we acquired an E&P waste treatment and disposal company outside Lake Charles, Louisiana, that complements the integrated asset platform we acquired in Louisiana in July. We also signed an agreement to acquire Stutzman Refuse & Disposal Inc., a provider of solid waste collection and recycling services across 14 counties in central Kansas and contiguous to our existing operations; we expect this transaction to close in early November."
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