Waste Connections issued permit for Kansas county
landfill
Folsom, CA— Waste Connections,
Inc. announced that it has signed or closed acquisitions in the
third quarter with total annualized revenue of approximately $32
million, increasing the total amount of acquired annualized revenue
year-to-date to almost $50 million.
The most significant acquisition,
expected to close in September, is Mountain Jack Environmental
Services, the largest privately-held solid waste services company
in Idaho and Wyoming. Waste Connections also completed the acquisition
of Waste Management, Inc.’s collection operations in Vancouver,
Washington.
Ronald J. Mittelstaedt, chairman
and chief executive officer, said, “Our acquisition activity
has increased just as we had communicated in July. We are extremely
pleased to have entered into an agreement to acquire Mountain
Jack, as this acquisition will bring us back into Idaho and will
complement our existing presence in Wyoming. Mountain Jack operates
seven collection operations and a transfer station with total
revenue of approximately $20 million. In Washington, the acquisition
from Waste Management strengthens our existing presence in the
Vancouver market and expands our partnership with the local municipality.
In conjunction with that transaction, the City of Vancouver has
agreed to extend our combined collection contract an additional
five years to 2013. These acquisitions expand our position in
what we believe are the more attractive markets in the Western
U.S.”
Waste Connections also announced
receipt of the permit from the State of Kansas for the Plumb Thicket
landfill located in Harper County. The approximately 960-acre
site is expected to provide more than 50 years of disposal capacity
for the Greater Wichita and South Central Kansas market. The company
currently expects to complete construction of the landfill and
commence operations in early 2006. |