Waste Pro closes out 2024 as a record year for new and renewed municipal contracts and acquisition growth. This includes 32 new and 32 renewed exclusive long-term municipal contracts.
These municipal agreements serve nearly 460,000 residential customers, with Waste Pro adding nearly 200,000 new customers, accounting for over $906 million in net revenue. The contract terms vary from one to ten years and provide for further long-term extensions.
Among the largest new contracts are Sarasota County and a new, expanded agreement in Orange County, Florida, together totaling over $320 million and serving about 140,000 homes. Seven of the new or renewed contracts in Georgia, North Carolina, Tennessee, Florida, and Louisiana totaled over $20 million over their initial terms.
From January through December of 2024, Waste Pro closed on 15 acquisitions. These acquisitions added to Waste Pro’s residential customer base in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and Tennessee and expanded the company’s residential service area to Kentucky. The company invested $140 million in total purchase considerations, which will net approximately $62 million in annual revenue.
The companies that are now part of the Waste Pro portfolio include Workbox, Gulf Pride Waste Solutions, Precision Container Services, Republic Service’s Cumming Georgia operations, Florence Recycling, McMinn Waste Removal, Cash Sanitation, Chase N Green Transfer Station, Geaux Waste, SPI Waste & Recycling (aka Stinky Pinky), Killona Ventures Landfill, Total Waste Solutions, Sunshine Grove Landfill, 98 Waste, and Goodwin Sanitation. Five of these companies are in Louisiana, expanding Waste Pro’s operations to be the dominant solid waste and recycling company in the Bayou State. These significant acquisitions have strategically bolstered Waste Pro’s current southeastern footprint.
Waste Pro, which services Flagler County–but lost a long-term contract in Palm Coast to FCC Environmental in June 2023 after a bitter break-up–manages over 90 locations throughout an 11-state footprint, including 28 landfills, 16 transfer stations, and five recycling facilities. With over 5,000 employees and a fleet of over 4,200 state-of-the-art vehicles, Waste Pro provides residential, commercial, construction, and industrial services to over 2.5 million customers.
“This has been an important year in Waste Pro’s growth and maturity on the national stage,” said President and CEO Sean Jennings in a company release. “We not only grew organically with several high-profile municipal contracts but saw the opportunity to bring additional growth and expansion with acquisitions,” “When my father founded this company nearly 25 years ago, he had a vision for the next 100 years, and we are laser-focused on that goal.”
JimboXYZ says
Candidly, FCC is +/- no better than Waste Pro. Palm Coast somehow found a way to circumvent the lowest bid process. Recently, FCC raised their collection rates. Go figure ?
celia pugliese says
Congratulations to Waste Pro!
bigLOU says
Waste Pro was the best Palm Coast has ever had!
Speaking of WASTE PROFESSIONALS………..
CHIEF OF STAFF DeLorenzo tanked their contract for less than fifty cents a month with very questionable “gamesmanship”! We pay him $115,000 plus benefits for that.
ACTING CITY MANAGER Johnston former Rec. Department Manager in 2019 when the$10 million City Splash Pad was born played along. Surprised ?
Since 2020 when Morton was City Manager we did NOT have an assistant City Manager or CHIEF OF STAFF. So, on this New Years Eve ask yourselves are we better off in 2024 after adding over $400,000 in salaries and benefits for these two “helper jobs” adding $115,000 and $135,000 ? Then add City Council increases of $85,000 plus $75,000 for benefits and we are now $400,000 in excess of the 2020 City of Palm Coast Budget that produces Our TAXES. Did I forget to mention the increase in City Manager salary of $40,000?
Time to break out the Anti-Freeze cocktails tonight!
Just Disgusted says
I believe that no homeowner should get special attention but let me just say this so I feel better. We’ve been having issues with animals and garbage on my street, I have a family of racoons living next to me we cannot put our garbage out the night before so we put it out in the morning. Let me mention that we never fill the pail to the top so the animals can’t open it yeah right!!! A couple of times we were running late putting the garbage out and we missed the truck by maybe 6 houses or so. My husband ran out with the garbage waved the guy down to come back and at that point my husband was willing to roll the pail to the truck but the guy just looked in our direction hopped back on the truck and kept on going, nice right? That happened twice, for most of the time we’ve had FCC they have been picking up on my street after 12pm. I notified the City and was told in other words something like the driver can decide his route and can change it as he/she sees fit. Once it happened with Waste Pro, I called the City and she said she would see what she can do about the truck coming back. I’m not kidding 2 minutes later I got a phone call from Waste Pro apologizing and sending the truck back to pick up my garbage. Oh I did forget to mention one important thing when Waste Pro dropped garbage/recyclables they picked it up, FCC leaves it there. Now I feel better as far as the garbage goes. Now for the city workers. I will never in a million years understand how the city can hire temporary employees for $15 per hour with no benefits and the promise of going permanent with it never happening and you know what the job entails? Stepping on alligators while weed whacking. But, I have to say they do tell you about the wildlife so it’s up to you if you want the job. It’s disgusting the read or hear about these salaries and the people who deserve it can’t make enough to pay rent or bills.