By Construction Tech Review | Friday, January 08, 2021
Brown Gibbons Lang & Company announced the sale of Roy Strom Family of Companies' Refuse Services and Transfer Station Businesses to Lakeshore Recycling Systems LLC.
FREMONT, CA: Brown Gibbons Lang & Company (BGL) is happy to announce the sale to Lakeshore Recycling Systems LLC (LRS) of the Roy Strom Family of Companies' Refuse Services (Roy Strom) and Transfer Station Businesses. In the deal, BGL's Environmental & Industrial Services team acted as Roy Strom's exclusive financial advisor. There was no disclosure of the precise terms of the agreement.
Roy Strom is a leading solid waste management company in the greater Chicagoland area, headquartered in Maywood, Illinois, serving residential and commercial customers across Cook and DuPage counties. Its strategically-placed transfer station and Single Stream and C&D recycling operations in Maywood aid the company's municipal solid waste and building, demolition collection, and transport operations. Founded in 1944, Roy Strom has a lengthy history of offering municipalities and commercial clients in the area with quality service.
LRS is the seventh-largest privately owned waste and recycling corporation in North America. For more than 20 years, in northern Illinois, southern Wisconsin, and western Illinois, LRS has specialized in offering extensive waste diversion and recycling services for hundreds of thousands of residential and industrial customers.
A leading independent investment bank and financial consulting firm, Brown Gibbons Lang & Company (BGL) focus on the worldwide middle market. The firm offers advice on mergers and acquisitions, divestitures, capital markets, financial restructurings, valuations and judgments, and other strategic matters to private and public companies and private equity firms. BGL has branches in Chicago, Cleveland, and Philadelphia for investment banking, and in Chicago, Cleveland, Denver, San Antonio, and San Diego for real estate. The firm is also a founding member of Global M&A Partners, helping BGL represent customers worldwide in more than 30 countries. Security transactions are carried out with Brown, Gibbons, Lang & Company Securities, Inc., a Brown Gibbons Lang & Company LLC associate, and a licensed broker-dealer and member of FINRA and SIPC.