LRS announced that it has acquired a solid waste transfer station from the City of Monmouth, Ill., and plans to renovate and scale the facility to process a greater flow of waste throughout south central Illinois, western Illinois, and eastern Iowa. Financial terms were not disclosed. The acquisition will result in a boon for the City of Monmouth, which will benefit from recurring host fee revenue, job creation and sustained economic growth. LRS plans to expand its presence and activity at the site. The increase in activity will lead to significant new employment opportunities for the community.
“The acquisition and pending renovation will infuse and revitalize the local economy in Monmouth and surrounding towns, adding a new revenue stream and more jobs over time,” said City of Monmouth Public Works Director Andy Jackson. “We welcome LRS to Monmouth and look forward to a long and mutually beneficial relationship.”
LRS Chief Executive Officer Alan T. Handley described the strategic acquisition as a win-win for both LRS and the City of Monmouth that will bring substantial long-term benefits to the region. “By renovating and transforming this facility we will create greater capacity and efficiency to process more waste and recyclables, bringing an influx of jobs, opportunity and growth as we expand our footprint in south central Illinois, western Illinois and eastern Iowa,” Handley said.
The Monmouth Transfer Station is the 11th LRS acquisition to-date in 2021. Other announcements include Maywood, Ill.-based Roy Strom Companies; Oregon, Ill.-based Big John; Woodstock, Ill.-based Crown Restrooms and Arrow Septic and Sewer; Janesville, Wisc.-based Ace Portables; Niles, Mich.-based Joy’s Johns; Kingston, Ind.-based Johnson Johns; Milwaukee-based Commercial Rubbish Collection LLC; Mauston, Wisc.-based Clark Disposal; Minneapolis-based Atomic Recycling; and North Branch, Minn.-based Jimmy’s Johnnys.