Major acquisitions drive US expansion for waste management group

Reconomy has made two US-based acquisitions to boost the capabilities of its waste management platform.
The £1bn-turnover waste management business has acquired Complete Solutions & Sourcing, a New York-based waste and recycling services manager for grocery store-anchored shopping centres, multi-family residential units and retail segments.
It’s also purchased Waste Focus, a full-service waste management provider in Massachusetts with hundreds of customers across the property management, hospitality and manufacturing sectors.
The acquired brands will add more than 100 employees to the Telford-headquartered group, scaling Reconomy’s US business Lincoln Waste Solutions. Operations will be bolstered to 15,000 sites which can process more than one million tons per year of materials.
Reconomy is aiming to accelerate growth in the US by attracting larger customers, growing its haulier network and exploring further acquisitions
The group now operates across more than 80 countries, with more than 4,000 colleagues servicing over 22,000 international customers. These customers include some of the world’s largest brands across multiple sectors
Guy Wakeley, Chief Executive of Reconomy commented: “We are delighted to acquire these high-quality, well-established brands that have strong waste management platforms in the US and valuable client bases across multiple sectors. They build on our acquisition of Lincoln Waste Solutions as we scale up our US waste management platform to establish a leading position and mark another major strategic milestone in our journey.
“Looking forward, I have never been more energised by Reconomy’s prospects and the future of our business. We are delivering exceptional growth and these acquisitions add to our growing momentum as we continue to build out a world-class, tech-enabled, people-powered platform at pace to capture opportunities in the highly attractive international circular economy.”
Michael Williams, EVP Circular Solutions, North America, at Reconomy added: “After a transformational 2024 for Reconomy which saw our first two US acquisitions, we are delighted to build on this momentum by adding two further high-quality, complimentary brands to the Group.
“Having successfully scaled our platform across Europe, Reconomy is now embarking on the next phase of our growth strategy by rolling out our proven model and expertise across the US to scale our operations in the world’s largest and most attractive market. These new brands strengthen our offering through Lincoln Waste Solutions, already a leading player in the US waste management sector, to drive further growth in the US this coming year.”
Jeremy Basso, President at Complete Solutions & Sourcing commented: “We are excited to join the Lincoln Waste Solutions’ family as it continues to expand its operations and footprint across North America. There is strong alignment in our dedication to outstanding customer service, leveraging the best talent in the industry, improving waste processes through technological capabilities, and making the transition to a more circular economy.”
Bob Benjamin, President at Waste Focus said: “This is a momentous step for Waste Focus, giving us the additional scale and investment needed to expand our specialist waste management services in the property management, hospitality and manufacturing customer segments. After 40 years in the waste industry, it is a compelling next step to partner with a leading international circular economy specialist, and we look forward to leveraging Reconomy’s capabilities to service new and existing customers with a wider range of services.”