Dive Brief:
- Little Hoppers, a Sturgeon Bay, WI-based waste hauler, recently was bought by Ponte Verde, FL-based Advanced Disposal.
- Advanced Disposal, an integrated environmental services company, bought three other waste hauling companies within the last year. Also this month the company announced that Alan Lovett as chief audit executive/vice president.
- The firm hopes to achieve $30 million to $50 million in growth this year, through municipal contracts and by acquiring other firms.
Dive Insight:
An increasingly competitive market nationwide has resulted in many waste haulers and recyclers going out of business due to lack of profitability. Advanced Disposal also has had losses, including a net loss of $17.1 million suffered in 2014 by ADS Waste Holdings, Advanced Disposal’s operating firm. The firm’s acquisition should stabilize its position.
