Lakeshore Recycling Systems (LRS), an independent waste diversion, recycling, and portable services providers, has extended its geographic footprint into middle Tennessee with the acquisitions of two Nashville-area portable services companies: Liberty Waste, LLC and Rocky Top Disposal. The acquisitions are effective immediately and financial terms were not disclosed.
The deals capped a year of growth for LRS in the midst of the pandemic, safely operating and delivering essential frontline waste diversion, recycling, and portable sanitation services across nine states. In 2021, the company completed 20 strategic and vertically integrated acquisitions of independent, family-owned waste, recycling, and portable services companies. The additions of Liberty Waste and Rocky Top Disposal increase the size and scale of LRS' portable restroom division. Specifically, these acquisitions propel LRS to the fourth largest portable restroom company in North America.
Since 2016, Liberty Waste LLC has grown from a single truck and 28 portable units to 40 trucks and over 6,000 portable restroom units, now owning 75% of the portable restroom market in greater Nashville. Founded and led by brothers Victor Bocos and Josh Mitchell, Liberty Waste counts recent projects with Metro Nashville Parks, Franklin Parks, Murfreesboro Parks, Spring Hill Parks, and the I-440 expansion as core accounts in its book of business.
Both Bocos and Mitchell will remain with LRS in key leadership positions running day-to-day operations of the combined entity that now forms the LRS Tennessee Division. In addition to providing a wide variety of portable restroom units for concerts, festivals, parks, events, and construction sites, Liberty Waste also offers handwashing stations, restroom trailers, and storage containers.
"Ultimately customers will benefit from lower pricing through streamlined operations, expanded services, and a companywide culture focused on delivering an outstanding customer experience," LRS Chief Executive Officer Alan T. Handley said.
The acquisitions result in the addition of nearly 100 employees, the addition of 65 trucks to the LRS fleet, and a new 5,700-square-foot facility in Gallatin, Tennessee.