Republic Services
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| Public | |
| Traded as | : RSG S&P 500 Component |
| Industry | Waste management |
| Founded | July 2, 1998 |
| Headquarters | Phoenix, Arizona, U.S. |
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Area served
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United States |
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Key people
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Number of employees
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33,000 (2015) |
| Website | RepublicServices.com |
US$ 9.12 billion(2015)
US$ 547.9 million (2014)Republic Services, Inc is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States, as measured by revenue.
The company is active in recycling, reducing carbon emissions by replacing diesel trucks with compressed natural gas powered trucks, supporting composting and other community projects which relate to environmental conservation, sustainability and education. According to Stephen Walsh of Seeking Alpha, “Republic Services had shown unparalleled dedication to solving environmental issues in the U.S.”
Republic Industries was created as a waste disposal firm in 1981. H. Wayne Huizenga, became chairman of the board in 1995. At that time Republic Industries began acquiring auto dealerships and car rental agencies. In 1998, Republic Industries spun off Republic Services as an IPO then changed its name to AutoNation.
In June 2008, Republic became the second largest waste management company in the U.S. following the acquisition of its larger competitor, Allied Waste Industries, for $6.1 billion in Republic stock. The merged company retained the Republic Services name.
The Wall Street Journal reported in June 2010 that Republic Services’ $4 billion acquisition of Allied in December 2008 "has been successful from the start", delivering at the high end of the annual savings projected when they did the deal ($191 million), a 27% increase in share price.
After 12 years as CEO of Republic Services, James O’Connor retired on January 1, 2011. Replacing him was the president and COO of Republic Services, Donald Slager.
Thomas W. Handley and Jennifer M. Kirk were appointed to the Republic Services Board of Directors at the end of July, 2016, expanding the number of board members to 12, 11 of them independent.
Republic Services’ operations primarily consist of providing collection, transfer and disposal of non-hazardous solid waste, recovering and recycling of certain materials, and energy services.
As of December 31, 2015, it operated in 41 states and Puerto Rico through 340 collection operations, 201 transfer stations, 193 active landfills, 67 recycling centers, 8 treatment, recovery and disposal facilities, and 12 salt water disposal wells. Republic also operated 69 landfill gas and renewable energy projects and had post-closure responsibility for 126 closed landfills.
In January 2016, Republic realigned its field support functions by combining its three regions into two field groups, consolidating its areas and streamlining select operational support roles at its Phoenix headquarters.
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Wikipedia