Evergreen Advisors Capital, a middle-market investment bank, announced today that it advised Integrated Waste Analysts, a leading waste management and recycling solutions provider for industrial waste, equipment rental, and commodity management companies, on its sale to Reconomy through Lincoln Waste Solutions.
Founded in 1996 and headquartered in Hanover, Maryland, Integrated Waste Analysts counts leading US brands such as Tesla, Lansing Building Products, Parts Authority, and Freedom Forever among its clients.
This latest acquisition is the seventh completed for Reconomy in just over a year, as it remains focused on building a material market position in North America. This adds to the rapidly growing US operations and leaves it perfectly positioned to serve its customers, win new clients, accelerate circular solutions, and deliver superior earnings growth
Having scaled its operations across the UK and Europe, Reconomy has been focused on executing the next phase of a growth strategy to build a material position in the US to capitalize on the significant opportunities in the world’s largest market. The region produces ten times more waste than the UK, yet has linear resource chains, low recycling rates, and an over-reliance on landfill and incineration.
Michael Keough, Co-Founder and President of Integrated Waste Analysts, said: “We are excited to be joining forces with Lincoln Waste Solutions by Reconomy. Its strong position in North America and commitment to scaling further across this region, along with its industry-leading expertise in waste management, data, and technology, will enable us to deliver even better services to our customers and accelerate our growth.
We are grateful to our colleagues for their hard work and dedication in getting us to this milestone, and to our advisors, Evergreen Advisors Capital, for their support throughout the process.”
The addition of Integrated Waste Analysts brings major expertise and capabilities to Lincoln, cementing its position as a top-five waste operator in the US. As Reconomy’s first acquisition in this region, Lincoln Waste Solutions by Reconomy remains its core brand in North America and the platform through which further acquisitions are being added.
Guy Wakeley, Chief Executive of Reconomy, commented: “Integrated Waste Analysts is an important acquisition which brings new capabilities to our rapidly growing US operations. We have now completed seven acquisitions in North America in just over a year and built a top-five waste and recycling management business from scratch. This is in line with our strategic priorities of attaining leading positions in our core international markets and commitment to allocating capital to where the most attractive opportunities lie.
“With our unrivalled data assets, technology capabilities, global footprint and asset-light model, we are perfectly positioned to capture opportunities in our large, addressable markets, deliver superior earnings growth and help customers embrace the circular economy, lower costs and emissions.”
Michael Williams, EVP Circular Solutions, North America, at Reconomy, said: “Integrated Waste Analysts is a strong strategic fit with Lincoln Waste Solutions by Reconomy. This acquisition expands our capabilities, enhances our customer offering, and positions us well to continue to scale our operations across North America.”
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC
