Date: September 4, 2007
Source: Waste Connections, Inc.
Waste Connections Announces Acquisition of Integrated Operations in Colorado
Waste Connections, Inc. today announced that it has acquired certain operations in Colorado from U.S. Waste Industries, Inc. The operations acquired include four collection operations, three transfer stations and two landfills primarily serving the Colorado Springs, Pueblo and Cannon City markets with total revenue of approximately $30 million.
Ronald J. Mittelstaedt, Chairman and Chief Executive Officer, said, "This acquisition further expands our footprint in attractive new markets and almost doubles our existing presence in Colorado. The combination of vertically integrated operations and strong market shares provides us a strategic platform to seek additional growth opportunities in those markets."
Waste Connections, Inc. is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the Western and Southern U.S. The Company serves more than one million residential, commercial and industrial customers from a network of operations in 23 states. The Company also provides intermodal services for the movement of containers in the Pacific Northwest.
Waste Connections, Inc. was founded in September 1997 and is headquartered in Folsom, California. For more information, visit the Waste Connections web site at www.wasteconnections.com.
Certain statements contained in this press release are forward-looking in nature. These statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "anticipates," or the negative thereof or comparable terminology, or by discussions of strategy. Waste Connections' business and operations are subject to a variety of risks and uncertainties and, consequently, actual results may differ materially from those projected by any forward-looking statements. These risks and uncertainties, as well as others, are discussed in greater detail in Waste Connections' filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. There may be additional risks of which Waste Connections is not presently aware or that it currently believes are immaterial which could have an adverse impact on its business. Waste Connections makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances that may change.