progressive waste solutions
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In The Spotlight
Progressive WasteSolutions: Growing toFit an Expanding Industry
Serving the needS of commercial,
industrial and residential customers, Progressive
Waste Solutions Ltd. (Vaughan, ON) is the third
largest non-hazardous solid waste management
company in North America. Their history began
in 2000 when they acquired some o the Canadian
waste assets o Browning Ferris International, or
BFI, which itsel had been acquired by Allied
Waste. CEO Keith Carrigan, with private equity
rm Edgestone Capital, purchased some o these
Canadian assets and named the company BFI
Canada. BFI Canada grew organically and by way o
acquisitions. In 2002, the company did an IPO on
the Toronto Stock Exchange as a Canadian income
trust and became known as BFI Canada Income
Fund.
In 2005, BFI Canada Income Fund acquired
IESI, a company that was ounded in 1995 by
industry veteran Mickey Flood. IESI had started in
Justin, TX with two trucks and two drivers. It grew
quickly through small acquisitions and municipal
ranchise contracts. At the time o acquisition, IESI
operated 41 collection companies, 17 landlls,
including the largest in New York State, 23 transer
stations and six material recovery acilities (MRFs).
In 2008, ater the Canadian Government
eliminated the tax benets o the income trust
structure, the company converted into a traditional
From waste collectionto investing in gas-to-energy technologies andrecycling, Progressive WasteSolutions continues to bean innovator by working
on developing all areas
of its company while
aggressively pursuing
new avenues of growth.
18 WasteAdvantage Magazine August 2011 Photos courtesy of Progressive Waste Solutions.
TOP: Pete Janis, MaterialRecovery Facility Manager of the the Jersey City RecyclingPlant.
BOTTOM: Progressive WasteSolutions: new name, newlook for their trucks.
As Seen In
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C-Corporation structure. In June 2009, they completed an oering on the New
York Stock Exchange and became known as IESI-BFC Ltd. The company started
trading on both the NYSE and the Toronto Stock Exchange under the ticker
symbol o “BIN”.
The acquisition o Waste Services, Inc. (WSI) in July 2010 launched the
company into third position (rom ourth) by revenues, in North America’s
solid waste management industry. WSI is a multi-regional, integrated solid
waste services company that provides collection, transer, disposal and recycling
services in the U.S. and Canada. At the time o acquisition, WSI was the second
largest vertically integrated solid non-hazardous waste management company
in the State o Florida, where it has 10 collection operations, nine transer
stations, seven recycling acilities and our landlls.
In May 2011, to better refect its vision and to consolidate its operating brands
under a unied banner, the company changed its name to Progressive Waste Solutions
Ltd. In developing the new name, extensive research and polling was done to make
sure that it would be meaningul to stakeholders. Progressive Waste Solutions
consistently heard that their customers and communities served wanted an innovativewaste solutions partner; great customer service and ecient responses were already
expected by their customer as well—the baseline to operate in the waste industry.
“More and more customers are seeing their waste as a resource and they want to partner
with a company that can create something o value rom that resource. They want a
progressive partner that is thinking about the uture o waste and the environment,”
says Keith Carrigan, Vice Chairman and CEO. “We are, and want to continue to be,
that partner. The name ‘Progressive Waste Solutions’ clearly puts into words our goal
o thinking innovatively about today’s waste in order to continuously deliver better
waste solutions tomorrow and beyond. It encompasses our accomplishments to dateand articulates our commitment to constantly moving orward.”
Focusing on operating in areas that are more densely populated and have a
population growth rate that is higher than the national average, Progressive
Waste Solutions has approximately 6,500 employees in 12 states and the
District o Columbia in the U.S. and six provinces in Canada. In 2010, excluding
administration and vehicle maintenance acilities, the company maintained
operations across North America at 114 waste collection operations, 30 solid
non-hazardous landll acilities, 61 waste and recyclable transer stations and 42
MRFs. In addition, the company collects landll gas at several o its acilities,
generates electricity at one company owned landll gas to electricity generating
plant and provides landll gas to two third-party electricity generators.
Improvement StrategiesWhile the broader economic recovery will take time, Progressive Waste
Solutions believes that conditions in the waste industry are conducive to ongoing
growth and the company will remain ocused on pursuing it through their
organic improvement strategies and an ongoing acquisition strategy that seeks
companies and assets that meet their disciplined criteria. “Our strategy rst
ocuses on building critical mass with the right collection, transer and disposal
assets in the right markets. We then manage these assets through a bottom-up
process to achieve the optimal combination o price, volume and productivitymetrics in each market. Finally, we give our ront-line management teams the
tools and training that they need to increase return on capital in their markets.
This approach underpins our company’s organic growth and our acquisition
programs and is the oundation o our success,” says Carrigan.
As the industry evolves, the company will adapt to meet customers’ changing
needs while continuing to grow rom a provider o non-hazardous solid waste
services with revenues o nearly $100 million in 2002, to one o North America’s
waste industry leaders with revenues o $1.4 billion in 2010. Says Carrigan, “As
we enter our next decade, we are excited by the prospect o ully capitalizing onour size and strengths and continuing to serve our communities.”
Protecting the EnvironmentProgressive Waste Solutions has also aggressively invested in waste-to-energy
20 WasteAdvantage Magazine August 2011
Pss Ws Sus: gw f exp iusy
Cardboard recycling at a
Progressive Waste Solutions facility.
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technologies which convert methane gas produced in a landll to electricity.
“Conversion o methane reduces greenhouse emissions while making a positive
contribution to energy production,” stresses Carrigan. The company’s Seneca
Meadows Landll in Seneca Meadows, NY, has created a 200-acre ‘Renewable
Resource Park’ that builds on the resources created by the landll’s 17 megawatt
landll gas-to-energy acility. In addition to Seneca Meadows, it has landll gas-to-
energy acilities at their landll in Lachenaie, QC and at their Bethlehem landllin PA. Together the three operations produce more electrical power annually than
the energy contained in 130,000 barrels o oil. Progressive Waste Solutions plans to
build more gas-to-energy acilities as its landlls continue to develop.
Keeping in the mind the importance o nature and the environment, the
company recently built a state-o-the art LEED certied gold educational
learning acility on the premises o their Seneca Meadows site and ormed a
partnership with the Audubon Society. They reconstructed wetlands adjacent
to Seneca Meadows that made it possible or wildlie to thrive that had been
previously endangered. The reconstruction also included seven miles o walkingtrails so the community could enjoy the wildlie.
In November 2009 Progressive Waste Solutions was selected by Mack
Trucks, because o the company’s record o innovation, to start testing a new
waste collection vehicle equipped with both the Diesel Particulate Filter (DPF)
and the new Selective Catalytic Reduction (SCR) processes. This new system
is designed to reduce the NOX emissions by 83 percent, meeting new 2010
vehicle emissions regulations. Commencing in 2010/2011, all new trucks
purchased by the company will be equipped with this new system. Further,
they have worked closely with the vehicle manuacturer to build and deliver
a 2011 Mack waste collection vehicle powered by a natural gas engine. This
vehicle represents the rst and only natural gas collection truck in the Dallas-Fort Worth, TX marketplace and it will be a pioneer or clean burning,
domestically sourced, alternative energy, meeting the extremely stringent 2010
EPA Emissions requirements or a non-attainment zone, resulting in exhaust
emissions that are cleaner than the engine intake air.
And the innovations don’t stop there. In 2010, Progressive Waste Solutions
opened a LEED certied gold single stream recycling acility in McKinney, TX.
“We strive to nd new and innovative methods to use at our acilities to urther
benet the community,” says Carrigan. Its waste management and recycling
acilities encourage economic vitality and growth in their communities throughmore than contributions. Throughout the U.S. and Canada, the company
purchases goods and services locally, employs local people and contributes to the
local tax base. It also belongs to local chambers o commerce, sponsors chamber
events that promote the economy, and oers educational tours and classes. Some
WasteAdvantage Magazine August 2011 21
The Seneca Meadows Wetlands Preserve, and its contiguous conservation property, in Seneca Falls, New York is an 1,150 acre ecological treasure in the heart of the Finger Lakes, supporting hundredsof species of wildlife.
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acilities provide host community benets packages or their municipalities that
lower residential taxes and provide or municipal capital improvements.
Recycling GrowthProgressive Waste Solutions expects that while more waste is being
generated, the amount o waste going to traditional disposal methods such as
landlls will not grow as a percentage o total waste volumes. Industry research
rm Freedonia Group recently reported that in the uture, more waste will
be directed to recycling and organics treatment programs with less going to
landlls and to incinerators. This results in recycling and material recovery
being the astest growing segment o the waste industry, growing at an annual
revenue rate o 7.3 percent. This trend is being driven by higher adoption o recycling programs and new material recovery revenue streams.
Says Carrigan, “Industry research suggests that waste collection will remain the
largest contributor to industry revenues, growing at an annual rate o 4.1 percent a
year. This refects increasing waste generation volumes, rising uel and labor costs
and core price increases. But the below average growth rate o waste treatment
and disposal, at 3 percent annually clearly refects an increasing emphasis on waste
diversion. We believe these trends are going to create more revenue opportunities
or our company.”
Carrigan goes on to point out that recycling collection has been growing as
a percentage o the company’s total collection revenue and it already generates
one o their highest returns on capital. “We charge or collecting recyclable
materials the same way we charge or waste collection, as the costs o the
providing service are the same. However, we believe there is an opportunity
to create more value, and an even higher return, rom the materials we collect.
Increasingly, our customers are seeing their waste as a resource and so do we.”
Looking AheadProgressing Waste Solutions is always thinking ahead and envisioning how
the company will look a decade or more in the uture, believing that waste is
a resource and that tremendous value can be mined by taking an innovative
approach to its management. Says Carrigan, “We continue to look at how
alternative technologies or waste diversion will shape our industry and how
we should be positioned or uture realities.” | WA
For more information about Progressive Waste Solutions, e-mail corporate.
communication@progressivewaste.com or visit www.progressivewaste.com.
Progressive Waste Solutions’ customers want a progressive partner that is thinking about the
future of waste and the environment. The company believes that the waste collected today canbe part of a greener tomorrow.
©2011 Waste Advantage Magazine, All Rights Reserved. Reprinted from Waste Advantage Magazine.Contents cannot be reprinted without permission from the publisher.
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