Waste Connections Announces Acquisition Of Alaska Waste

Folsom, CA - Waste Connections, Inc. recently announced that it has entered into agreements to acquire the operations of Alaska Pacific Environmental Services Anchorage, LLC and Alaska Green Waste Solutions, LLC (together, "Alaska Waste"). Alaska Waste, the largest privately-owned solid waste services company in Alaska with total annual revenue of approximately $65 million, provides solid waste collection, recycling and composting services in Anchorage, the Mat-Su Valley, Fairbanks, the Kenai Peninsula and Kodiak Island. The transaction remains subject to closing conditions, including regulatory approval and receipt of certain governmental consents. Closing is expected to occur in the first quarter of 2012.

"Alaska Waste provides us an attractive opportunity to enter multiple markets within a new state and with leading market shares. Alaska's unique regulatory framework is somewhat of a hybrid between our existing markets in Washington and Montana," said Ronald J. Mittelstaedt, Chairman and Chief Executive Officer. "Alaska Waste has more than doubled its revenue over the past five years primarily through acquisitions and new sustainability initiatives, including recycling, composting and biodiesel refining."

SOURCE: Waste Connections, Inc.