TORONTO, Sept. 1, 2021 /CNW/ -- Waste Connections,
Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today
announced that it has acquired E.L. Harvey & Sons Inc.
("Harvey"). With a 110-year history dating back four
generations, Harvey is the largest family-owned and operated solid
waste services company in Massachusetts, with total
annualized revenue of approximately $110 million. Harvey
provides solid waste collection, recycling and transfer services to
commercial, industrial, municipal and residential customers
primarily in Central and Eastern
Massachusetts and Southern New
Hampshire.
"The Harvey family has established one of the most respected
companies in our industry, and we are honored to welcome Harvey to
the Waste Connections family. Together with their continuing
leadership team, we look forward to carrying on the Harvey name and
further expanding its market position, as well as enhancing its
strong culture of support for its employees, customers and
communities," said Worthing F. Jackman, President and Chief
Executive Officer.
Waste Connections also announced the closing of one of its two
previously announced signed acquisitions, with approximately
$50 million of annualized revenue
from franchise operations in Northern
California and Nevada. The Company expects the other
signed acquisition, a solid waste services provider with
approximately $25 million of
annualized revenue from franchise operations in Oregon, to close during the fourth
quarter.
About Waste Connections
Waste Connections is an integrated solid waste services company
that provides non-hazardous waste collection, transfer and disposal
services, along with resource recovery primarily through recycling
and renewable fuels generation. The Company serves more than
seven million residential, commercial and industrial customers in
mostly exclusive and secondary markets across 44 states in the U.S.
and six provinces in Canada. Waste Connections also provides
non-hazardous oilfield waste treatment, recovery and disposal
services in several basins across the U.S., as well as intermodal
services for the movement of cargo and solid waste containers in
the Pacific Northwest. For more information, visit Waste
Connections at www.wasteconnections.com.
Safe Harbor and Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 ("PSLRA"), including
"forward-looking information" within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance and
reflect Waste Connections' current beliefs and expectations
regarding future events and operating performance. These
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes," "expects,"
"intends," "may," "might," "will," "could," "should" or
"anticipates," or the negative thereof or comparable terminology,
or by discussions of strategy. All of the forward-looking
statements included in this press release are made pursuant to the
safe harbor provisions of the PSLRA and applicable Canadian
securities laws. Forward-looking statements involve risks and
uncertainties. Forward-looking statements in this press release
include, but are not limited to, the expected contribution from
acquisitions and the timing and likelihood of the closing of
additional acquisitions. Important factors that could cause
actual results to differ materially from those in the
forward-looking statements include, but are not limited to, risk
factors detailed from time to time in the Company's filings with
the SEC and the securities commissions or similar regulatory
authorities in Canada. You should
not place undue reliance on forward-looking statements, which speak
only as of the date of this press release. Waste Connections
undertakes no obligation to update the forward-looking statements
set forth in this press release, whether as a result of new
information, future events, or otherwise, unless required by
applicable securities laws.
CONTACT:
|
|
Mary Anne Whitney /
(832) 442-2253
|
Joe Box / (832)
442-2153
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maryannew@wasteconnections.com
|
joe.box@wasteconnections.com
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SOURCE Waste Connections, Inc.