SEATTLE (Recycling Monster): U.S. Midwest recycling service provider, Lakeshore Recycling Systems (LRS) announced acquisition of Environmental Recycling & Disposal and Moen Transfer Station. The acquisitions will further expand LRS’s operations in Midwest and other regions where it operates and are effective immediately. The financial details of the transaction were not disclosed.

Environmental has been offering reliable recycling services throughout Chicago's Southwest Suburbs since 1998. The company, one of the leading haulers in Chicagoland, enjoys ten existing municipal contracts. The acquisition will add approximately 30,000 residential customers and 4,200 business customers to LRS’s client base. The state-of-the-art Moen Transfer Station was opened in 2020.

John Larsen, Chief Operating Officer, LRS noted that it is a true privilege for the company to acquire Environmental. It eagerly looks forward to welcome the employees of the great business to the LRS family and to partner with Will County communities. Meantime, the Ipema family, who owns Environmental, noted that they are thrilled to embark on a new exciting chapter in partnership with LRS.

Alvarez & Marsal acted as financial advisors for the acquisition deal, while the legal advisory services were provided by Much Shelist.