LRS ACQUIRES ROY STROM COMPANY

CHICAGO, ILLINOIS, UNITED STATES, January 4, 2021 /EINPresswire.com/ — Lakeshore Recycling Systems (“LRS”), the nation’s seventh largest privatelyheld waste and recycling company, today announced its largest acquisition to-date: Maywood, Ill.-based Roy Strom Company (“Roy Strom”), among the most respected independent waste haulers in the Chicagoland market. The milestone addition of Roy Strom to the LRS family positions LRS for accelerated growth throughout Chicagoland and the broader Midwest. Financial terms were not disclosed and the acquisition is effective immediately. As a result of the combination, LRS gains an extensive, long-tenured residential and commercial customer base, well-positioned Single Stream and C&D recycling operations, and a strategically located transfer facility in Maywood which serves many local operators. More specifically, LRS will now service residents in communities such as River Forest, River Grove, North Riverside, Villa Park, Berkeley, Summit, Willow Springs and unincorporated DuPage County. Commenting on the acquisition, Roy Strom President George Strom: “LRS is an aggressive waste and recycling industry disrupter with its roots and values planted firmly here in Chicagoland. We are excited about joining this winning organization because they share our values and passion to provide our customers with an exceptional experience, and our employees a rewarding pathway to career success. As the fourth generation of Strom leadership, I am excited to carry on my family’s values of hard work, putting the customer first, and fierce independence; at LRS those values will be preserved for generations to come.” LRS also announced that George Strom will continue with LRS as Area Vice President, leading operations at LRS’ Roy Strom facilities in Maywood. Roy Strom Company is the third and largest in a series of recent acquisitions announced by LRS at the turn of the New Year. LRS Chief Executive Officer Alan T. Handley heralded the acquisition as symbolic and representing a transformation for the company as it positions for explosive growth. “For more than seventy-five years, Roy Strom Company has built a rich legacy as one of the most respected independent waste and recycling leaders in Chicago,” Handley said. “This critical partnership demonstrates how trusted LRS remains as a first-choice acquirer for independent, family-owned waste and recycling companies throughout the Midwest.” Handley added “LRS has been built by entrepreneurs with many of the acquired businesses’ family members continuing to serve as key executives throughout the organization. Maintaining our entrenched local roots with an unyielding commitment to the customer experience differentiates LRS and fuels our growth and innovation. LRS remains the local alternative to large national waste haulers who lack the community connection so essential to successful waste and recycling service delivery.”

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