M&A Deal Summary

Waste Connections Acquires Lewis Clark Recycling and Disposal

On May 10, 2019, Waste Connections acquired environmental company Lewis Clark Recycling and Disposal from Ironwood Capital

Acquisition Highlights
  • This is Waste Connections’ 18th transaction in the Environmental sector.
  • This is Waste Connections’ 17th transaction in the United States.
  • This is Waste Connections’ 3rd transaction in Illinois.

M&A Deal Summary

Date 2019-05-10
Target Lewis Clark Recycling and Disposal
Sector Environmental
Buyer(s) Waste Connections
Sellers(s) Ironwood Capital
Deal Type Add-on Acquisition

Target

Lewis Clark Recycling and Disposal

Harrisburg, Illinois, United States
Lewis Clark Recycling and Disposal LLC is a solid waste company providing non-hazardous solid waste collection and disposal services to southern Illinois and greater Omaha markets.

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Buyer(S) 1

Buyer

Waste Connections

Woodbridge, Ontario, Canada

Category Company
Founded 1997
Sector Environmental
Employees22,539
Revenue 8.0B USD (2023)
DESCRIPTION
Waste Connections' corporate headquarters in The Woodlands, Texas.
Waste Connections' corporate headquarters in The Woodlands, Texas.

Waste Connections is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets. Waste Connections was incorporated in 1997 and is headquartered in Woodbridge, Ontario.


DEAL STATS #
Overall 18 of 23
Sector (Environmental) 18 of 22
Type (Add-on Acquisition) 12 of 17
State (Illinois) 3 of 3
Country (United States) 17 of 22
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Mountain Waste & Recycling

Carbondale, Colorado, United States

Mountain Waste & Recycling Inc. is a provider of waste and recycling services to residential, commercial and municipal customers. Mountain Waste & Recycling was founded in 2015 and is based in Carbondale, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 ACT Disposal

New Braunfels, Texas, United States

ACT Disposal is a roll off container delivery and construction debris disposal company. ACT's variety of markets including: Home builders & remodelers, roofers, and commercial construction contractors and services a wide market area in Texas including: San Antonio, New Braunfels, Boerne, Bulverde, Spring Branch, Canyon Lake, Wimberley, and San Marcos. ACT Disposal is based in New Braunfels, Texas.

Buy -

Seller(S) 1

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 31 of 53
Sector (Environmental) 5 of 12
Type (Add-on Acquisition) 20 of 32
State (Illinois) 3 of 4
Country (United States) 31 of 53
Year (2019) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 American Roller

Union Grove, Wisconsin, United States

American Roller Co. is a servicer and manufacturer of industrial rollers and specialty coatings. American Roller offers rubber, urethane, ceramic, hard coat, bowed, heat transfer and other specialty rollers or coatings used in the metals, converting, pulp and paper, textile, steel, graphic arts, business machines, and other industrial markets. American Roller Co. was founded in 1938 and is based in Union Grove, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Uniloy

Tecumseh, Michigan, United States

Uniloy provides blow molding technologies and is the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy was founded in 1958 and is based in Tecumseh, Michigan.

Buy -