Reconomy, the international circular economy specialist, announces the acquisition of National Waste Associates (NWA) through Lincoln Waste Solutions by Reconomy. Established in 1997 and Headquartered in Glastonbury, CT, National Waste Associates is a leading outsourced managed waste services provider managing 2,900 locations for multi-site customers. It has long-standing relationships with large customers across many sectors including retail, industrial services, healthcare and hospitality.
Having scaled up operations across the UK and Europe, Reconomy has been focused on executing the next phase of a growth strategy to build a material position in the US to capitalise on the significant opportunities in the world鈥檚 largest market. The region produces 10x more waste than the UK, yet has linear resource chains, low recycling rates and an over-reliance on landfill and incineration.
Following this latest acquisition, Lincoln Waste Solutions is now a top five waste and recycling management operator in the US. As Reconomy鈥檚 first acquisition in this region, Lincoln Waste Solutions is the bedrock of its North American expansion strategy. The addition of National Waste Associates builds on its already impressive customer base that includes hundreds of major retail and Fortune 500 clients, while further strengthening its capabilities, network and resources.
Guy Wakeley, Chief Executive Officer of Reconomy, commented: 鈥淭o have built from scratch a top five waste management business in North America centred around Lincoln Waste Solutions in just over a year is a remarkable achievement. We are confident that this latest acquisition will be a great addition to our rapidly growing US operations and leaves us perfectly positioned to execute on our strategic priorities of attaining leading positions in our core markets, deliver superior earnings growth and help our customers decouple growth from resource use.鈥�
Michael Williams, EVP Circular Solutions, North America, at Reconomy, said: 鈥淣ational Waste Associates is a great addition to our US business and is an excellent strategic fit with Lincoln Waste Solutions. We now have an expanded customer base and enhanced capabilities that will enable us to deliver excellent circular solutions to our customers and scale further across North America.鈥�
Carmine Esposito, CEO at National Waste Associates, said: 鈥淛oining John Ayvas and the Lincoln Waste Solutions by Reconomy team was a natural choice and logical next step for our business. With its global footprint, deep expertise in waste management, industry leading data and technology, we are now better positioned to provide a broader range of solutions and specialist services to our customers and accelerate our growth and innovation.鈥�