Operating Company Industrial Services

LRS

Rosemont, Illinois, United States

Formerly known as LRS (Lakeshore Recycling Systems), LRS (Lakeshore Recycling), LRS (portable/restroom services)

LRS is a waste diversion, recycling, and environmental services provider offering roll-off container services, construction & demolition (C&D) recycling, and portable restroom rentals, serving residential and commercial customers.

Focus Areas
Waste collection/hauling, Commercial & industrial recycling services, Roll-off / C&D recycling

Tracked deals

18

18 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

12 buyout · 6 addon

LRS Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for LRS. 4 2021 10 2022 3 2023 1 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 18 tracked deals for LRS.

  • Buyer
    LRS
    Target
    GHW Waste Services, LLC
    Seller
    Jim Gamage, Troy Hintze, Kevin Walbridge
    Type
    Buyout

    LRS (Lakeshore Recycling Systems) has acquired Indianapolis-based waste hauler GHW, bringing the local business into LRS's footprint while maintaining GHW's brand and local team during transition. The deal expands LRS's Midwest geographic presence and commercial/industrial service capabilities, providing additional resources and growth opportunities for GHW's customers and employees.

  • Buyer
    Lakeshore Recycling Systems (LRS)
    Target
    Environmental Recycling & Disposal, Moen Transfer Station
    Seller
    Ipema family
    Type
    Buyout

    Lakeshore Recycling Systems (LRS) acquired family-owned Environmental Recycling & Disposal and the Moen Transfer Station in Will County, Illinois. The deal adds Environmental’s ten municipal contracts, roughly 30,000 residential customers and 4,200 business accounts to LRS’s Midwest waste and recycling footprint; financial terms were not disclosed.

  • Buyer
    LRS
    Target
    J&J Rubbish Service Inc.
    Seller
    Serva-Patzner family (owners of J&J Rubbish Service Inc.)
    Type
    Buyout

    LRS, a leading independent waste and recycling services provider, acquired family-owned J&J Rubbish Service Inc., adding approximately 15,000 residential and 1,000 commercial customers and bridging LRS' Minnesota and Wisconsin operations. All J&J employees will continue with LRS as the company integrates the Winona business to increase density and scale in its core northern Midwest markets.

  • Buyer
    LRS
    Target
    Michiana Recycling & Disposal, Modern Waste Systems
    Seller
    Jon Groot
    Type
    Buyout

    LRS, a leading independent waste and recycling services provider, has acquired Michigan-based Michiana Recycling & Disposal and Modern Waste Systems. The transactions add three transfer facilities, a dense collection base across Michigan and Indiana, and more than 200 combined employees, expanding LRS's footprint in the region.

  • Buyer
    LRS
    Target
    Molenhouse Enterprises, Bulldog Disposal
    Seller
    Molenhouse Enterprises (Jim Molenhouse), Bulldog Disposal (owner not disclosed)
    Location
    United States
    Type
    Addon

    LRS, a Rosemont, Illinois-based waste diversion and recycling services provider, has acquired two regional waste and recycling businesses: Molenhouse Enterprises in northern Illinois and Bulldog Disposal in central Arkansas. The tuck-in acquisitions expand and densify LRS’ service footprint in core Midwest and Arkansas markets; financial terms were not disclosed.

  • Buyer
    LRS (Lakeshore Recycling Systems)
    Target
    Lee's Trash Service
    Seller
    Tony Lee, Lee's Trash Service
    Type
    Addon

    LRS (Lakeshore Recycling Systems) has acquired Lee's Trash Service, a long‑time independent hauler serving the Arkansas River Valley, to densify its LRS South footprint. The deal brings more than 25,000 subscription and municipal residential customers, commercial disposal and roll‑off capabilities, and a transfer station to support regional expansion; founder Tony Lee will remain with LRS in a senior operations role.

  • Buyer
    LRS
    Target
    Doty Sanitation
    Seller
    Doty family (David and Nicole Doty)
    Type
    Buyout

    LRS, a leading independent waste diversion and recycling services provider, has acquired Beecher City, Illinois-based Doty Sanitation, effective immediately. The acquisition expands LRS's footprint in central Illinois by adding Doty's residential, commercial and roll-off collection operations and workforce; financial terms were not disclosed.

  • Buyer
    LRS
    Target
    AirFresh Industries, JL Hurt
    Seller
    Kelly Thommes and Tim Thommes (owners of AirFresh Industries), Justin Hurt (owner of JL Hurt)
    Location
    United States
    Type
    Addon

    LRS acquired Stillwater, Minnesota-based AirFresh Industries and Warsaw, Indiana-based JL Hurt as tuck-in additions to its LRS Portables line, expanding scale in the Twin Cities and northern Indiana markets. Founders Kelly and Tim Thommes (AirFresh) and Justin Hurt (JL Hurt) have joined LRS in senior operations roles; financial terms were not disclosed.

  • Buyer
    LRS
    Target
    Lakes Disposal Services
    Type
    Buyout

    LRS, a Rosemont, Illinois-based waste diversion and recycling services provider, has acquired Grayslake, Illinois-based Lakes Disposal Services. The acquisition expands LRS's northern Illinois footprint—adding nearly 2,000 commercial customers and municipal service contracts across McHenry County and parts of Lake County; financial terms were not disclosed.

  • Buyer
    LRS
    Target
    The Country Plumber
    Seller
    The Country Plumber (Bill and Cindy DeMars)
    Type
    Addon

    LRS has acquired the portable restroom line of business from Portage, Wisconsin–based family-owned operator The Country Plumber. The deal (terms undisclosed) transfers the portable restroom operations and employees to LRS’ Portables line as part of the company’s continued regional expansion in Wisconsin.

  • Buyer
    LRS
    Target
    Ditch & Associates
    Seller
    Ditch family (owners of Ditch & Associates)
    Type
    Buyout

    LRS has acquired Topeka-based Ditch & Associates, a fourth-generation family-owned roll-off, commercial and residential waste services provider. The bolt-on deal immediately adds roughly 9,000 residential and 400 commercial customers, densifying LRS's footprint in Topeka and expanding its regional market share.

  • Buyer
    LRS
    Target
    Sunshine Sanitation
    Seller
    Tory Keefe (founder/owner of Sunshine Sanitation)
    Type
    Buyout

    LRS (LRS Companies), a Rosemont, Illinois–based waste diversion and recycling provider, has acquired Sunshine Sanitation, a Rochester, Minnesota–area provider of municipal solid waste (MSW) collection, commercial recycling, roll-off and transfer station services. The deal expands LRS’s Minnesota footprint and preserves Sunshine’s employees and local operations; financial terms were not disclosed.

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