Waste Connections (WCN) Buys Harold LeMay Enterprises
Waste Connections (WCN) has entered into an agreement to buy Harold LeMay Enterprises Inc., a solid waste collection, recycling and transfer company that operates in Washington state. Both parties have declined to disclose the purchase price. With $100 million in revenue, LeMay is the largest privately-owned solid waste services company in the Pacific Northwest. It is the exclusive provider of solid waste collection, recycling, and transfer services to Gray’s Harbor, Lewis, Pierce and Thurston counties. The deal will most likely close in the fourth quarter of 2008, after required regulatory approval, and municipal consent. Waste Connections has also made a deal to buy the remaining interests of Pierce County Recycling, Composting and Disposal LLC. Waste Connections is already the majority stockholder of the company, but will buy the remainder from affiliates of LeMay. PCRCD will then become a wholly owned subsidiary of Waste Connections.
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