Much Shelist Guides Lakeshore Recycling Systems in Recent Acquisitions
Much Shelist's Business & Finance and Real Estate Law practice groups recently represented Lakeshore Recycling Systems (LRS) in its simultaneous acquisition of six separate entities.
Serving the Chicagoland market for two decades, LRS provides recycling and waste diversion programs to businesses and residential homeowners. As a result of the acquisitions, our client is now Illinois' largest private waste company and its second largest portable toilet business. According to LRS, "the collective companies will now control nearly 20% of the Chicagoland roll-off market. Further, the acquisition increases the amount of inbound waste under its control to nearly 2.2 million tons per year."
"These acquisitions strengthen our operations, service footprint and future growth plans. We are grateful for Much Shelist’s guidance and counsel during such an important time in our company’s history," said LRS Chief Executive Officer Alan T. Handley.
Mitchell Roth added, “We appreciate the opportunity to participate in this multi-transaction deal that exemplifies our capabilities as dealmakers and business advisors. As long-term partners of Lakeshore Recycling Systems, we are proud to support their continued momentum in the marketplace: creating jobs, expanding geographic reach and forging relationships with new customers. We look forward to the years of partnership ahead and helping Alan and the principals of LRS achieve new heights.”
In addition to Mitchell, the transaction team included Pat Brennan, Harold Dembo, David Schmidt, Steve Schwartz, Christopher Walker and Ed Walsh. The deal closed on January 4, 2017. Much Shelist previously represented LRS in the acquisition of Heartland Recycling, Inc. and C&D Recycling. The firm also assists LRS with strategic real estate and facility expansion, equipment acquisition and financing, as well as general day-to-day legal needs.
About Lakeshore Recycling Systems
Serving Chicagoland for nearly 20 years, LRS is the largest private waste company in Illinois, specializing in recycling and waste diversion programs, affordable roll-off container services and comprehensive waste removal to Chicagoland businesses and residential homeowners. LRS received Chicago Public Schools' coveted Best Partnership Award, ranked 35th on the 2016 Waste360 Top 100 list of the largest waste and recycling firms in North America and received multiple 2016 Stevie awards, including Company of the Year, Most Innovative Company of the Year and Fastest Growing Company of the Year. Controlling over 2.2 million tons of waste per year, LRS does not own a landfill and is committed to raising awareness for a more environmentally sustainable and scalable business model that fuels the circular economy.
To learn more, visit www.LRSrecycles.com.