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



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.

As Seen In



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.



Pss Ws Sus: gw f exp iusy

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.

[email protected] 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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