Waste Connections Inc. Acquires LeMay
The rumors started rolling about earlier today. Then, at 1:00 or so, it became official:
Waste Connections, Inc. (NYSE: WCN) today announced that it has entered into an agreement to acquire Harold LeMay Enterprises, Incorporated (“LeMay”). Founded in 1942, LeMay is the largest privately-owned solid waste services company in the Pacific Northwest with total annual revenue of approximately $100 million. LeMay provides solid waste collection, recycling and transfer services, a majority of which are under exclusive G Certificates for the counties of Gray’s Harbor, Lewis, Pierce and Thurston. The transaction remains subject to customary closing conditions, including regulatory approval and receipt of local municipal consents. Closing is expected to occur in the fourth quarter of 2008.
So the LeMay family is no longer in the trash business. We do believe the family still own a lot of land, cars, and there’s that museum in the works …
Link to the Sacramento Business Journal
5 comments
B bob August 5, 2008
Hmmm, the Waste Connections Museum?
C cy August 6, 2008
From my understanding, the cars and real estate are totally seperate…and the museum is even seperate from all that.
T Tacoma Taxpayer August 6, 2008
Well, get ready for your garbage rates to go up again!
Got to pay for that acquisition of Lemay!
S Sassy McButterpants August 6, 2008
I’m just happy to know I won’t be the trashiest thing on E133 this week.
B bob August 6, 2008
Sassy: the week isn’t over yet ;)