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Allied Waste Industries: United States
built 210 days ago
In 1996, during a time of rapid consolidation in the waste industry (the result of tightening environmental control regulations), Allied Waste announced what was, according to Roger Ramsey, "the biggest deal ever in the industry." AWI paid $1.5 billion ($1.2 billion in cash, the rest in stock and notes) for the North American solid waste unit of Laidlaw, Inc., a Toronto-based company. The acquisition was completed on December 30, 1996. Laidlaw... a provider of school bus and ambulance services, saw its solid waste business constantly underperforming. The purchase brought AWI into 17 new markets, and made it the fourth largest trash-disposal company in the United States. AWI's annual revenues shot from $169 million to approximately $1 billion as a result of the purchase.
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, Allied Waste was deemed to now be the second largest player in the industry, behind Waste Management. The integration of Browning Ferris Industries (BFI), by Allied, was a complex and difficult task that had Allied stumbling for a while. Allied is now reorganizing and divesting some of its holdings, particularly non-core activities that belonged to BFI, as it completes the difficult integration. This is much the same way that their leading competitor, Waste Management has spun off or sold all of its international holdings so they could concentrate on waste hauling and disposal in the United States.
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In 1992, AWI purchased two Illinois companies that, according to Ramsey, established "a new regional base for Allied's continued growth into a national solid waste management company." While the companies, National Scavenger Service, Inc. (hauling and transfer station), and R.18 (landfill), indeed established a new regional base for the growing Allied Waste, the purchase's true significance was bringing together Thomas Van Weelden and Roger Ramsey.
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Allied Waste is the second largest waste management company in the United States (based on revenue). Its main corporate competitors are Waste Management (WMI) and Republic Services (RSG). Additional smaller competitors exist in individual markets, such as Waste Connections (WCN) in the Southern and Western United States, and certain counties operate their own municipal waste management systems.
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"We are pleased to be able to partner with the Indiana Finance Authority in Indiana and The Industrial Development Authority of the County of Yavapai in Arizona," said Pete Hathaway, Executive Vice President and Chief Financial Officer of Allied Waste. "This attractive rate financing promotes continued economically beneficial investment throughout the State of Indiana and the State of Arizona, home to our Operations Support Center."
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The company than purchased Super Services Waste Management, Inc., headquartered in Flagstaff, Arizona. The Super Services acquisition gained Allied Waste entry into new markets in Northern Arizona, and Nevada, and expanded their operations in New Mexico. Other purchases in 1991 expanded the existing markets in the above five states.
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