Waste Management Expands Customer Base with Oakleaf Purchase
WM says the combined companies will provide North American customers with unprecedented access to waste and recycling solutions by pairing the largest network of directly owned hauling, recycling, diversion and disposal assets with the largest managed third-party network.
Oakleaf has a vendor network of 2,500 preferred haulers, and says it is the North American leader in outsourced hauling, disposal, waste diversion and recycling services to support customers’ waste and recycling solutions. In 2010, the acquired operations of Oakleaf generated about $580 million in revenues.
With the acquisition, Waste Management CEO and president David P. Steiner says, “We substantially increase our national accounts customer base and further enhance our ability to provide comprehensive, best-in-class environmental solutions.
“In addition, Oakleaf’s vendor hauler network expands our service footprint to new geographies and enhances customers’ one-stop shopping for environmental solutions,” Steiner adds.
WM expects a three to six month integration period. After the transition period, the company expects to generate a minimum of $80 million in EBITDA on an annualized basis.
Energy Manager News
- 30 Environmental Advocacy Groups Call on NARUC for Holistic Rate-Setting Guidelines
- New York State’s Summer of Energy
- Chicago Church Strives for Energy Efficiency
- Small, Medium Size Commercial Building Efficiency Market to Grow
- ERC: Price Benchmark Trends Week Ending June 24, 2016
- FERC Rules Against Tri-State Fee on Local Renewable Power
- Marin Clean Energy to Reduce Rates and Expand Service Area in September
- Drama Aside, Tesla’s Acquisition of SolarCity Makes Sense