Rumpke Waste & Recycling honored as a best managed company

Rumpke Waste & Recycling, a large family-owned waste and recycling firm based in Cincinnati, was named one of the 2020 US Best Managed Companies. The award, sponsored by Deloitte Private and The Wall Street Journal, recognizes the best managed private companies in the country. 

Rumpke is one of 27 honorees on the 2020 US Best Managed Companies list, according to a news release from Rumpke. The US Best Managed Companies list honors private companies that have annual revenues of at least $250 million. Rumpke was nominated for the award and then participated in an application process that included an independent evaluation of four key management skills: 

Strategy: The companies must have a formal methodology for strategy development the right capabilities and metrics in place to execute strategies and clear and consistent communication in place. 

Execution: The companies are highly execution-oriented, focused on productivity and innovation as well as thoughtful about hiring the right people to execute strategies.

Culture: The companies disproportionately invest in their people by maintaining strong, one-team cultures as well as provide holistic compensation packages, invest in training and address leadership succession planning.

Financials: The companies maintain strong reporting systems, use key metrics to measure progress, maintain strong balance sheets and apply financial discipline to execute strategies.

“Rumpke is thrilled and honored by this national acknowledgment," says the company's President and CEO Bill Rumpke Jr. "During these times of uncertainty (relating to the pandemic), this recognition shines a spotlight on our country’s leading private companies [and] Rumpke is proud to share this award with so many other successful private businesses and to be the only waste and recycling firm to earn this designation.

“This award is another shared achievement of our Rumpke team. It’s one more acknowledgment that the work, expertise and dedication we put forth every day is what ensures our ability to rise to the top. We would like to thank our outstanding, shareholders, board of directors and team for their efforts as well as all those involved in the awards process,” he adds.

Rumpke owns and operates 14 landfills as well as 11 recycling facilities.