Reconomy strengthens US presence with Lincoln Waste platform expansion

Deal News | Jan 28, 2025 | FM Business Daily

Reconomy strengthens US presence with Lincoln Waste platform expansion

Reconomy, a leader in the circular economy, has finalized two acquisitions to extend the reach of its renowned US waste management platform, Lincoln Waste Solutions. The companies acquired include Complete Solutions & Sourcing, a versatile waste and recycling management firm catering to grocery stores, multi-family residential areas, and retail settings, and Waste Focus, which presents a full spectrum of waste management solutions for property management, hospitality, and industrial customers. This development marks a significant progression in Reconomy's strategy to increase its impact in the US market, succeeding its acquisition of Lincoln Waste Solutions in August 2024. The newly attained brands augment Lincoln Waste Solutions' existing capabilities and aim to attract a broader customer base while cultivating growth momentum in the market. With an addition of over 100 employees and management of 15,000 sites, Lincoln Waste Solutions underscores its formidable stance in the US waste management sector. Reconomy views these acquisitions as strategic, empowering their ambition to proliferate tech-enabled, people-driven solutions across the expansive and resource-demanding US economy. These maneuvers align with their broader vision of establishing a world-class platform to seize opportunities in the circular economy market, projected to balloon to USD 1.32 trillion by 2030.

Sectors

  • Waste Management
  • Circular Economy
  • Mergers & Acquisitions

Geography

  • United States – The article revolves around Reconomy's expansion within the US waste management industry, signifying a strategic push into this large market.
  • North America – The acquisitions are part of a broader strategy to enhance Reconomy's operations across North America, emphasizing regional growth plans.

Industry

  • Waste Management – Reconomy, through its Lincoln Waste Solutions platform, is actively operating within the waste management sector by acquiring companies that provide waste and recycling services.
  • Circular Economy – The focus on enhancing a circular economy is evident as Reconomy aims to improve recycling rates and reduce reliance on traditional waste disposal methods.
  • Mergers & Acquisitions – The article discusses recent acquisitions made by Reconomy to strengthen its market presence, highlighting M&A activities in expanding business operations.

Financials

  • USD 556 billion – Valuation of the circular economy market in 2023.
  • USD 1.32 trillion – Projected valuation of the circular economy market by 2030.

Participants

NameRoleTypeDescription
ReconomyAcquirerCompanyA leading international circular economy specialist that has acquired Lincoln Waste Solutions and other waste management companies in the US.
Lincoln Waste SolutionsTarget CompanyCompanyA leading US waste management platform acquired by Reconomy aimed at accelerating growth in the waste management sector.
Complete Solutions & SourcingAcquired CompanyCompanyA waste management company specializing in servicing grocery store centered shopping centers, multi-family residences, and retail sectors.
Waste FocusAcquired CompanyCompanyA comprehensive waste management service provider for property management, hospitality, and manufacturing sectors.
Guy WakeleyChief ExecutivePersonChief Executive of Reconomy who commented on the acquisitions.
Michael WilliamsEVP Circular Solutions, North AmericaPersonA leader advocating for Reconomy's expansion and growth through acquisitions.
Jeremy BassoPresident at Complete Solutions & SourcingPersonPresident welcoming the integration with Lincoln Waste Solutions.
Bob BenjaminPresident at Waste FocusPersonPresident of Waste Focus, supporting the company's partnership with Reconomy.