Lakeshore Recycling Systems (LRS), an independent recycling and waste diversion services provider, has acquired K. Hoving Companies, a full service waste management, recycling and dumpster rental company based in West Chicago, Illinois. As a result of the acquisition, LRS is now Illinois’ largest private waste company and expands its system-wide services to include street sweeping and portable restrooms as part of a new Temporary Services Division. Financial terms were not disclosed and the acquisition is effective immediately.
K. Hoving Companies has built a strong reputation as a full service waste and recycling company offering services in dumpster rental, roll-off, commercial, construction recycling, portable restrooms and street sweeping in DuPage County and throughout greater Chicagoland. Moreover, K. Hoving Companies operates the only recycling facility in Chicago that is nationally certified by the Recycling Certification Institute.
K. Hoving Companies founding executives, Ken Hoving and KJ Loerop will lead the newly-formed LRS Temporary Services Division with Loerop serving as the division’s new vice president. The Temporary Services Division will serve individuals and companies seeking roll-off services, portable toilets, on-site storage and street or job site sweeping.
With the addition of K. Hoving Companies, LRS now operates seven material recovery facilities throughout the Midwest, increasing annual revenues to nearly $170 million and its workforce to over 720 full time employees. The combined companies will now control nearly 20 percent of Chicagoland roll-off market and will be the second largest portable toilet business in Illinois. Further, the acquisition increases the amount of inbound waste under its control to nearly 2.2 million tons per year.
Published in the February 2017 Edition of American Recycler News