CORAL SPRINGS, Florida, December 2, 2015 /PRNewswire/ --
Positive outlook rises for waste management industry while waste services companies aim to improve resources and consolidate operations through acquisitions to increase revenue and productivity as recycling quickly becomes one of the fastest growing services in the industry. Leading waste management companies in focus today are National Waste Management Holdings, Inc. (OTC: NWMH), Waste Connections, Inc. (NYSE: WCN), Waste Management, Inc. (NYSE: WM), Republic Services, Inc. (NYSE: RSG) and Clean Harbors, Inc. (NYSE: CLH)
National Waste Management Holdings, Inc. (OTC: NWMH), announced today that it has completed its acquisition of Gateway Rolloff Services, L.P. ("Gateway"), a portable dumpster service with pick up and drop off collection, specializing in the removal of debris, garbage, waste, hauling construction, and demolition debris located in Odessa, Florida for $450,000 cash and 2.4 million restricted shares. The completed acquisition is expected to generate revenue for National Waste in excess of $2.3 million annually with gross profit margins of approximately 36%.
Read the full NWMH Press Release at http://www.financialnewsmedia.com/profiles/nwmh.html
"By combining Gateways' roll-off services with our existing landfill business, we will be able to offer better rates and comprehensive end-to-end solid waste solutions for our customers," stated National Waste's CEO, Louis Paveglio. "Moreover, it allows us to expand our footprint geographically while gaining economies of scale." "National Waste continues to execute on our strategy to become a full service solid waste management company and a dominant regional player. We continue to identify additional growth opportunities, both organic and through strategic acquisitions, which will help transform us into a leading vertically integrated solid waste management company," added Jeff Chartier, President of National Waste.
In other Waste Management developments and happenings: Last month, Waste Connections, Inc. (NYSE: WCN) announced that on November 3, 2015, it completed the previously announced acquisition of Rock River Environmental Services, Inc. ("Rock River"), an integrated provider of solid waste collection, recycling, transfer and disposal services, with total annual revenue of approximately $75 million. The acquired operations service 19 counties in central and northern Illinois and include five collection operations, two landfills, one compost facility, one transfer station and one recycling facility.
In a recent article published on CNBC.com, Waste Management (NYSE: WM) CEO David Steiner noted that despite the low rates, Waste Management won't be borrowing money in order to invest until there are more signs of optimism in the economy, he stated. "Two percent growth is good, not great. We need to see something that makes us all optimistic. Let's get some 'go' signs instead of 'stop' signs." Read the full article at http://www.cnbc.com/2015/11/24/ WM closed up slightly on Tuesday at $53.92 on over 1.98Million shares traded by the market close.
Republic Services, Inc. (NYSE: RSG) is among the top companies recognized by CDP, a leading international non-profit organization dedicated to measuring and disclosing environmental information, in the CDP S&P 500 Climate Change Report 2015. The report features companies that demonstrate science-based strategies for reducing their impact on climate change. In this most recent CDP Climate Change Report, Republic earned a Disclosure Score of 98 out of 100, which reflects its strong commitment to transparency, quality and completeness, and an A- in Performance. Achieving an A is the highest Performance score possible. Republic's CDP Report score improved strongly from the prior year. In 2014, Republic's inaugural year, the Company established its baseline for future submissions.
Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental, energy and industrial services throughout North America, announced recently that Vice Chairman, President and Chief Financial Officer James M. Rutledge will be presenting at Credit Suisse's 3rd Annual Industrials Conference. Clean Harbors' presentation will take place at 12:45 p.m. ET on Thursday, December 3, and will be webcast live. To access the live or archived webcast, visit the "Investor Relations" portion of Clean Harbors' website at http://www.cleanharbors.com.
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