CORAL SPRINGS, Florida, October 28, 2015 /PRNewswire/ --
Even though regulatory constraints for waste management facilities and landfills are tougher than ever, revenues have continued to climb steadily year after year for the sector leading to more and more mergers and acquisitions. Leading Waste Management Companies in focus with recent accomplishments or announcements are National Waste Management Holdings, Inc., (OTC: NWMH), Waste Connections, Inc. (NYSE: WCN), Waste Management, Inc. (NYSE: WM), Casella Waste Systems, Inc. (NASDAQ: CWST) and Republic Services, Inc. (NYSE: RSG)
National Waste Management Holdings, Inc., (OTCQB: NWMH) announces that it has completed its acquisition of Waste Recovery Enterprises LLC located in Bainbridge, New York for $250,000 and 2.75 million restricted shares. The definitive membership interest purchase agreement provides for the purchase of all of the outstanding membership interest of Waste Recovery Enterprises, LLC by National Waste Management Holdings, Inc. ("National Waste"). The completed acquisition is expected to generate revenue for National Waste in excess of $1,500,000 annually with gross profit margins of approximately 45%.
Read the full NWMH Press Release at: http://www.financialnewsmedia.com/profiles/nwmh.html
Waste Recovery Enterprises operates a permitted waste processing and disposal facility in Bainbridge, New York, about 200 miles northwest of New York City. The facility has been in continuous operation since 1998 and principally serves the northeastern U.S. industrial and residential markets. "The addition of this facility to National Waste's family of permitted facilities provides us with a northeastern presence and an exceptional platform to better serve and expand into key waste markets," says National Waste's CEO, Louis Paveglio. "Waste Recovery's facility will allow us to enhance our service offering, bid and win more work, and increase penetration of key accounts."
In other Waste Management Acquisitions, News & Developments: Waste Connections, Inc. (NYSE: WCN) recently 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 Management, Inc. (NYSE: WM) announced financial results for its quarter ended September 30, 2015. Revenues for the third quarter of 2015 were $3.36 billion compared with $3.60 billion for the same 2014 period. Net income for the quarter was $335 million, or $0.74 per diluted share, compared with net income of $270 million, or $0.58 per diluted share, for the third quarter of 2014. On an as-adjusted basis, excluding certain items, net income in the third quarter of 2014 was $311 million, or $0.67 per diluted share. The Company's third quarter 2014 results have been adjusted to exclude approximately $0.14 per diluted share of after-tax net charges primarily related to the restructuring of several corporate functions and legal reserves, and the earnings from businesses and assets divested in 2014, which contributed $0.05 per diluted share to earnings in the third quarter of 2014.(read the full report at http://finance.yahoo.com/news/waste-management-announces-third-quarter-112700675.html)
Casella Waste Systems, Inc. (NASDAQ: CWST) a regional solid waste, recycling, and resource management services company, today announced that, in connection with its 2015 Annual Meeting of Stockholders to be held on November 6, 2015 (the "2015 Annual Meeting"), its Board of Directors has issued an additional letter to Casella's stockholders. (read the full CWST announcement at: http://finance.yahoo.com/news/casella-waste-systems-issues-additional-113000602.html)
Republic Services (NYSE: RSG) stock was initiated with an "equal weight" rating and a $44 price target at Barclays on last week. The Phoenix-based waste management company will perform in-line with Barclays' positive view of the environmental services industry, the firm said. "The waste disposal industry is a core public infrastructure providing investors relatively stable and predictable returns," Barclays said in a note. The environmental services industry's positive rating was driven by a stable demand outlook and companies' ability to grow incremental EPS through tuck-in acquisitions and share repurchases, Barclays added. SOURCE: TheStreet.com
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