Waste Management, Inc.
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| Public | |
| Traded as | : WM S&P 500 Component |
| Industry | Waste management |
| Founded | January 1, 1971 Chicago, Illinois, U.S. |
| Founder | Wayne Huizenga & Dean Buntrock |
| Headquarters |
First City Tower Houston, Texas, United States |
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Area served
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North America |
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Key people
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James C. Fish (CEO) James C. Fish, CFO |
| Products | Bagster, PACK-RAT |
| Services | Waste, recyclables, yard debris, and hazardous materials collection, hauling, treatment and disposal Dumpster rental Portable toilet rental Security services |
| Revenue |
 US$14 billion (2015)
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US$2.116 billion (2013)
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US$953 million (2013)
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| Total assets |
US$21.41 billion (2015)
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| Total equity |
US$6.591 billion (2013)
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Number of employees
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43,000(2015) |
| Subsidiaries | Wheelabrator Technologies, Inc. |
| Website | www |
Waste Management, Inc. is an American waste management, comprehensive waste, and environmental services company in North America. Founded in 1971, the company is headquartered in the First City Tower in Houston, Texas.
The company's network includes 367 collection operations, 346 transfer stations, 293 active landfill disposal sites, 16 waste-to-energy plants, 146 recycling plants, 111 beneficial-use landfill gas projects and six independent power production plants. Waste Management offers environmental services to nearly 27 million residential, industrial, municipal and commercial customers in the United States, Canada, and Puerto Rico. With 26,000 collection and transfer vehicles, the company has the largest trucking fleet in the waste industry. Together with its competitor Republic Services, Inc, the two handle more than half of all garbage collection in the United States.
In 1893, Harm Huizenga, a Dutch immigrant, began hauling garbage at $1.25/wagon in Chicago. In 1968, Wayne Huizenga, Dean Buntrock, and Larry Beck founded Waste Management, Inc. and began aggressively purchasing many of the smaller garbage collection services across the country, as the descendant firm of Harm Huizenga. In 1971, Waste Management went public, and by 1972, the company had made 133 acquisitions with $82M in revenue. It had 60,000 commercial and industrial accounts and 600,000 residential customers in 19 states and the provinces of Ontario and Quebec. In the 1980s, Waste Management acquired Service Corporation of America (SCA) to become the largest waste hauler in the country.
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Wikipedia