Waste Connections
Categories
#439
Rank
$44.56B
Marketcap
United States
Country
Colin G. Wittke (Vice President-Sales)
Darrell W. Chambliss (Chief Operating Officer & Executive Vice President)
Energy and Utilities
Summary
Waste Connections is an integrated solid waste services company that provides solid waste collection. Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental Solutions subsidiary, the Company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than six million residential, commercial, industrial, and exploration and production customers from a network of operations in 39 states, six provinces and the District of Columbia.
The Company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Our corporate strategy targets secondary and suburban markets that have strong demographic growth trends and where competitive barriers to entry can be developed. We seek to avoid highly competitive, large urban markets and target markets where we can provide either non-integrated or integrated solid waste services under exclusive arrangements, or markets where we can be integrated and attain high market share. We are a leading provider of solid waste services in most of our markets, and approximately 50% of our revenues are derived from market areas where we have franchise or exclusive rights to provide our waste services.
History
1998: Within about a year of its founding the company decided to go public, launching its IPO in May 1998. In October 1998, the company signed a definitive merger agreement with four waste collection companies in Washington.
1999: In August 1999, the company purchased International Environmental Industries Inc. (IEII), an operator of four landfills and three collection operations in markets surrounding El Paso and southern New Mexico. Waste Connections' net income, a measure of how successfully the company integrated its new assets, soared, jumping from $9.2 million in 1999 to $28.2 million.
2000: In 2000, Waste Connections' stock ranked as the top performer in the environmental sector, appreciating 129 percent. Although Waste Connections' pace of expansion slowed in 2000, the vitality of the company intensified decidedly.
2011: In December 2011, the company announced that it was moving its headquarters from Folsom, CA to The Woodlands, Texas, a suburb of Houston.
2012: In September 2012, it acquired R360 Environmental Solutions, a Texas waste company specializing in the oil industry.
2016: In January 2016, Waste Connections bought Progressive Waste Services of Canada for $2.67 billion.
2017: In January 2017, it acquired privately held Illinois waste firm Groot Industries for approximately $400 million.
Mission
According to Waste Connections, the company mission is: “to provide customers the best possible service in a courteous, effective manner, showing respect for those the company is fortunate to serve."
Vision
As stated in company website, Waste Connections vision is:"to create an environment where self-directed, empowered employees strive to consistently fulfill constituent commitments and seek to create positive impacts through interactions with customers, communities, and fellow employees, always relying on company operating values as the foundation for our existence."
Key Team
Michael W. Harlan (Board Member)
David G. Eddie (Senior Vice President - Chief Accounting Officer)
Susan Lee (Board Member)
David M. Hall (Senior VP Sales & Marketing)
William J. Razzouk (Board Member)
Edward E. Guillet (Board Member)
Worthing F. Jackman (CEO / President)
Elise L. Jordan (Board Member)
Eric O. Hansen (Chief Information Officer & Senior Vice President)
James Michael Little (Executive Vice President-Engineering & Disposal)
Jason W. Pratt (Vice President - Corporate Controller)
Edward E. Guillet (Board Member)
Elise L. Jordan (Board Member)
Larry S. Hughes (Board Member)
References
https://en.wikipedia.org/wiki/Waste_Connections_of_Canada
https://www.zippia.com/waste-connections-careers-61117/
https://www.crunchbase.com/organization/waste-connections
https://www.companieshistory.com/environmental-waste/
https://sec.report/CIK/0001002910
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.bloomberg.com/profile/company/WCN:CN
https://www.forbes.com/companies/waste-connections/?sh=4303319736b1
https://www.referenceforbusiness.com/history2/17/Waste-Connections-Inc.html
https://www.marketscreener.com/quote/stock/WASTE-CONNECTIONS-INC-28376838/company/
https://finance.yahoo.com/quote/WCN/profile/
Colin G. Wittke (Vice President-Sales)
Darrell W. Chambliss (Chief Operating Officer & Executive Vice President)
Energy and Utilities