Waste Connections, Inc.
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| Public | |
| Traded as | : WCN : WCN |
| Industry | Waste management |
| Founded | 1997 in Folsom, California |
| Headquarters | Vaughan, Ontario |
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Key people
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Ronald J. Mittelstaedt, CEO |
| Revenue | $3.4 Billion |
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Number of employees
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15,000 |
| Subsidiaries | R360 Environmental Solutions |
| Website | wasteconnections |
Waste Connections, Inc. is an North American integrated waste services company that provides waste collection, transfer, disposal and recycling services, primarily of solid waste. It has operations in both the United States and Canada, and has headquarters in The Woodlands, Texas and Vaughan, Ontario. It is the third largest waste management company in North America.
The company was founded in 1997, by a group of professionals in Washington and Idaho with industry related experience. Waste Connections, Inc. expanded very quickly. Within about a year of its founding the company decided to go public, launching its IPO in May 1998. The company then slowly expanded into California and the western United States. As of 2011, It had operations in 32 of the 50 U.S states. In December 2011, the company announced that it was moving its headquarters from Folsom, CA to The Woodlands, Texas, a suburb of Houston. Chief Executive Officer, Ron Mittelstaedt, cited California's high taxes and dysfunctional legislature as key reasons for the move.
In September 2012, it acquired R360 Environmental Solutions, a Texas waste company specializing in the oil industry. In January 2016, Waste Connections bought Progressive Waste Services of Canada for $2.67 billion. Under the deal, Waste Connections shareholders received 70% of the new company, which moved its tax headquarters to Canada. It later re-branded its Canadian division Waste Connections of Canada. In January 2017, it acquired privately held Illinois waste firm Groot Industries for approximately $400 million.
Waste Connections's primary business is to provide solid waste collection and disposal services. It most often does this through contracts with municipalities to collect the waste in that municipality, for an agreed-upon rate. It also provides services directly to residential, commercial, or industrial customers. In addition, Waste Connections runs landfills for waste disposal (68 solid waste landfills as of December 2016).
In Q3 2017, 67% of revenue was from solid waste collection, 21% from solid waste disposal and transfer, 4% from recycling, 5% from its oil industry waste operations, and 3% from other sources. 16% of revenue was from Canada, with the rest from the United States.
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