LRS, a waste diversion, recycling and portable services provider based in Rosemont, Illinois, has announced the acquisition of Auburn Disposal, a third-generation-family-owned provider of waste, recycling and roll-off containers serving commercial customers in Chicago's Southland communities. Financial terms were not disclosed, and the acquisition is effective immediately.
According to a news release from LRS, Auburn Disposal was founded in 1941 by the Petersen family and has served as a dependable, responsive, customer-focused, waste services provider to about 3,000 commercial customers. Founding family members Kirk, Todd and Ryan Petersen will serve in management positions at LRS and help densify LRS' footprint in the area.
"LRS is proud to expand our Chicago-area roots, particularly in serving the vibrant neighborhoods and communities that form the fabric of the City's historic Southland region," says Alan T. Handley, president and CEO of LRS. "I couldn't be more excited to have Kirk and his family join the LRS team. Kirk's intellect, customer-first approach and operational prowess will be extremely accretive to LRS."
Auburn Disposal customers will benefit from expanded services, streamlined operations and the same commitment to an exceptional customer experience.
"LRS continues its track record as a primary acquirer of choice, providing entrepreneurs and long-standing family-run waste, recycling and portables businesses with the right partnership to ensure their company's history, legacy, and customer focus remain an important part of the business post-transaction," Handley says.
In 2021, LRS successfully completed 22 acquisitions across the Midwest and the South-Central United States. Most recently, the company acquired Junoll Services, a roll-off and transfer station services company based in South Bend, Indiana.