LRS announces the acquisition of Grayslake, Ill.-based Lakes Disposal Services, an independent, family-owned waste and recycling provider serving residents and businesses in northern Illinois; financial terms were not disclosed and the acquisition is effective immediately.
The acquisition expands LRS’ northern Illinois footprint, adding nearly 2,000 commercial customers, and municipal services for residents in McHenry County, the Village of Wonder Lake, Village of Johnsburg, Village of Mettawa, Avon Township and large areas throughout Lake County.
Founded by Tim and Janelle Petersen in 2008, the acquisition of Lakes Disposal complements LRS’ October 2021 acquisition of numerous GFL assets, including 16 municipalities in far northern Illinois, owned previously by Prairieland Disposal and Recycling Services.
“We welcome Tim, Janelle, and all Lakes Disposal employees and customers to the LRS family, and are excited to bring more growth and investment to our robust Chicagoland market,” said LRS President and Chief Executive Officer Alan T. Handley. “LRS continues to challenge the waste industry status quo, bringing much-needed local competition to help significantly lower the cost of Municipal Solid Waste and Recycling services, particularly at a time when many of our residential customers are struggling to make ends meet.”
The Petersen’s and all Lakes Disposal employees will remain on with LRS to ensure a seamless transition and customer experience, Handley added.