Waste Connections acquires major Colorado Springs trash company | Business
Toronto-based garbage giant Waste Connections has acquired Springs Waste Systems, the last locally owned company among the four largest garbage trucks in the Colorado Springs area.
Waste Connections last month acquired Springs Waste Systems and Waste Management in Bailey, southwest Denver and Omaha, Neb., From the Shrader family. The terms of the transaction were not disclosed. The deals make Waste Connections the largest waste disposal company in the Colorado Springs area, employing 167 people to serve 75,000 residential customers on 90 routes from offices near Marksheffel Road and Constitution Avenue, as well as near Circle Drive and Interstate 25. The company also operates a transfer station near security and a landfill in Brunnen.
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Springs Waste Systems “is a great company. We’re excited to do a little better by installing our culture and values that put safety first. We work in a decentralized structure so that decisions are made here on Colorado Springs Market, “he said Ty Tostenson, district manager for Waste Connections in Colorado Springs. “We’re grateful that the Shraders decided to sell to us. I’m sure they had multiple options and we’re glad they chose us.”
Waste Connections plans to officially notify Springs Waste Systems customers of the sale by the end of the month and complete the integration of the two operations by the beginning of the second quarter, said Paul Breiterman, Colorado Springs assistant district manager for Waste Connections. The company plans to operate from both its own office in east Colorado Springs and the Springs Waste Systems office in south Colorado Springs to make travel distance to customer homes more efficient.
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The Shrader family, which includes Mike, Mark, Dan, and Darren Shrader, founded Springs Waste Systems in 2000 after selling a garbage company they owned in the Lincoln and Omaha areas of Nebraska to Waste Connections.
With the deal, Waste Management, Waste Connections and GFL Environmental will remain the dominant players in the local waste management industry. Waste Management acquired two local garbage transport companies in 1983 and has since bought several other competitors. Browning-Ferris Industries bought several local garbage companies in the late 1980s before selling them to another company, which resold the operation to Waste Connections in 2007. GFL acquired Bestway Disposal of Colorado Springs in 2018.
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The transaction is the second in recent months for the local waste disposal industry. GFL acquired Tri Lakes Disposal, a locally owned company that has operated in northern El Paso County since 1997. Patrick Dovigi, CEO of GFL, did not respond to an email asking for comment on the transaction.
Waste Connections has 7 million customers in 42 states and six Canadian provinces with revenues of $ 4.05 billion and profits of $ 74 million for the first nine months of 2020. The company employs more than 18,000 people and also has regional headquarters in Englewood, waste handling operations in Denver, Pueblo, Carbondale, Silverthorne and Vail, and landfills in Eric, Pueblo and Sedalia.