Keeping in mind the need to increase the recycling rates with the city, two well-known recycling companies in Chicago have collaborated their activities. These companies are RSI or Recycling Systems Inc. and Lakeshore Waste Services. Both of these companies have joined hands to form a new organization named LSR or Lakeshore Recycling Systems LLC. This collaboration has been funded by a San Francisco based firm, named Tensile Capital Management.
A beneficial deal for both the companies
RSI and Lakeshore Waste Services have been working in the Chicago region for a few years now. Lakeshore Waste Services is a well-established organization that is known for conducting diversified waste management services in the Chicago region. This company manages commercial as well as domestic waste, and deals will roll-off collections as well. According to Livingstone Partners, the financial advisors of the two companies in collaboration, Lakeshore Recycling Services has the largest MRF or material recovery facility in the Illinois region. As a matter of fact, on an average they recycle a million tons of waste into eco friendly promotional items every year.
According to Josh Connell, the Chief Executive Officer of Lakeshore Waste Services, the waste management system in Chicago will benefit from the merger of the firms. Furthermore, due to the partnership, the companies will together be able to reach the top three position in terms of the recycling facilities within Chicago.
RSI is looking forward to this alliance, as they will be able to process a lot more waste with the help of Lakeshore Waste Services. According to the President of RSI, Jerry Golf, RSI is very excited about this partnership, and the company feels that this merger will benefit both the organizations in many ways. A partner with Livingstone, Doug Dossey agrees with Jerry and states that this cooperation will create a strong contender in the waste disposal market of Chicago.
A collaboration to encourage eco friendly promotional items
A partner with Livingstone, Steve Miles, feels that this collaboration will not only help the companies in expanding their market share, but also facilitate the residents in the Chicago region to get rid of their waste in an eco-friendly way. He states that with this merger, the waste within the Chicago region will be recycled at a faster pace. Therefore, more and more waste will be recycled every year. Furthermore, this partnership will be beneficial to residential as well as commercial spaces. In addition to this, Steve feels that such merger will inspire many other waste management firms as well.
Source: http://www.recyclingtoday.com/Article.aspx?article_id=136473
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