Waste Connections, Inc. announced the closing of the two previously announced acquisitions in California. These two transactions include a large residential collection and recycling franchise operation servicing a portion of San Jose, and a fully integrated franchise operation in Red Bluff, with combined annualized revenue of approximately $29 million.
In addition, the company has completed six other acquisitions to date in the third quarter with annual revenue totaling approximately $12 million. These additional closed transactions include two collection and landfill operating companies in Mississippi and a series of tuck-in acquisitions in Iowa, Nebraska and South Dakota.
Ronald Mittelstaedt, chairman and CEO, said, "We are especially pleased to announce the completion of the two California transactions as these acquisitions further expand the Company's revenue base in exclusive West Coast markets. So far this year, we have closed transactions with total annualized revenues of almost $50 million. These closed acquisitions represent an important building block as we approach 2004. We remain comfortable with our target of acquiring $60 million of annualized revenue for the year given an increasing amount of acquisitions under active discussions.Latest from Recycling Today
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