Westbury, NY, March 3, 2015 (Newswire.com) - Winters Bros. acquires Long Island operations of Progressive Waste Solutions
Winters Bros. Waste Systems announced today that it has acquired Progressive Waste Solutions’ operations on Long Island. Under terms of the agreement, Winters Bros. has acquired all hauling operations, seven recycling operations and eight transfer stations operations all located in Nassau and Suffolk counties. With the acquired assets, Winters Bros. will serve an additional 20,000 customers and multiple municipalities across Nassau and Suffolk counties. The transaction closed on March 1, 2015.
“The purchase of operations on Long Island creates a strong regional platform for our continued growth,” said Joe Winters, Chairman and CEO of Winters Bros. Waste Systems. “More importantly, we will be able to help municipalities and customers solve their solid waste problems and increase the recycling infrastructure which is badly needed to advance recycling across Long Island. We know the Long Island market very well and we are confident that our commitment to customer service is unmatched. This particular purchase is exciting for me and my brothers because it brings some of the most attractive assets in the solid waste and recycling industry under a strong, dedicated and experienced management team.”"The purchase of operations on Long Island creates a strong regional platform for our continued growth."
The vertically integrated model of collection, transfer, recycling and long-hauling of waste material for disposal, will allow Winters Bros. to aid municipalities and customers who are seeking a long-term, cost-effective and environmentally sound solution for the management of solid waste. “Our business model is simple…we offer industry changing, best practices to provide superior customer service,” said Joe Winters. “We are positioned for great success in the future and our team is tremendously excited about this purchase and the benefits that will be available for our customers and employees.”
The purchase of the Progressive assets on Long Island creates a premier competitor in the non-hazardous solid waste industry on Long Island. The company will centralize core corporate functions and standardize business practices, creating operating efficiencies and improving productivity, while decentralizing customer decisions so that we are more nimble and responsive to customers. Winters Bros. will have a solid presence across Long Island with operations in Westbury, Hicksville, Glen Cove, Oyster Bay, West Babylon, Bohemia, Holtsville, Medford, Brookhaven and Yaphank. The broad regional footprint of operations, combined with Winters Bros. innovative platforms for recycling, will benefit commercial, industrial, residential and municipal customers. Additionally, employees will benefit from the increased career opportunities that flow from a larger company that is well positioned for future growth.
Terms of the transaction were not disclosed.
About Winters Bros.
Winters Bros. Waste Systems is a solid waste and recycling company with operations in New York (Nassau, Suffolk, Westchester, Putnam and Dutchess Counties) and in Connecticut (Fairfield, New Haven and Litchfield Counties). The company provides services to commercial, residential, industrial and municipal customers. Winters Bros. operates a network solid waste operations including multiple hauling companies, 11 recycling centers, and 12 transfer stations located on Long Island and in Connecticut. The company has a long history in the solid waste and recycling industry dating back to the 1950s. Winters Bros. employees more than 500 dedicated people and operates approximately 350 collection vehicles. The firm’s corporate office is located in Westbury, NY.