- Republic Services has acquired two Grand Junction, Colo.-based companies as part of a notable expansion of its presence in the western part of the state, according to a recent letter shared with customers.
- “We are excited to bring the experience and expertise of two trusted waste disposal companies, Monument Waste Services and Rocky Mountain Sanitation, to join one team. We are now a local team combined with the support of a national environmental services company,” read one. Joint letter of September 1 by Steve Derusgeneral manager of Republic Services of Denver, as well as the owners of each company.
- According to the letter, the two companies will bring a total of 80 employees to a team of more than 500 already employed by Republic in the state.
Overview of the dive:
Although Republic has a large footprint in Colorado, these two deals will allow it to expand into areas around Grand Junction and other parts of the West Slope region.
Monument Waste Services, founded in 2016, was owned by Dan Kirkpatrick. The company grew rapidly since that launch through the acquisitions of Mesa Disposal Services, Evergreen Waste Services, Grand Valley Waste Services, Commercial Refuse Service and S-Road Facility Landfill.
The S-Road site, located approximately 20 miles outside of Grand Junction, is on 120 acres and saw a series of capital investments after Monument acquired it. According to the Daily Sentinelthe site is relatively new and has attracted a notable share of volumes that were previously destined for another landfill owned by Mesa County.
Rocky Mountain, founded in 1997 by Loren and Lisa Mullen, previously described itself as “Mesa County’s oldest local waste disposal company” and was known for its continued growth over the years.
A 2019 report county officials said Monument and Rocky Mountain were among several carriers — including WM — offering single-stream recycling collection in the area at the time, but some carriers on that list have since gone out of business. Commercial Refuse Service was later acquired by Monument and Curbside Recycling Sold its business to the City of Grand Junction indefinitely earlier this year.
The Colorado market has gone through several rounds of consolidation in recent years, and all four major players in the US solid waste industry are actively participating. In a recent example, Republic acquired Fort Collins-based Gallegos Sanitation Last year.
During an August earnings report, Republic executives said they plan to spend $600 million on deals primarily focused on solid waste and recycling this year. This is in addition to the 2.2 billion dollars spent on American ecology in May.