Reconomy expands in the U.S. with fifth acquisition
The acquisition will expand Reconomy’s position as a global waste service provider
Reconomy has acquired American Outsourced Waste and Recycling (AOWR). Headquartered in East Hartford, Connecticut, AOWR is an outsourced waste management business with a national network of more than 8,000 vendors and clients throughout the U.S. and Canada. It provides a wide range of managed waste services specializing in retail, entertainment, logistics, and restaurant segments.
The transaction is in line with the company's strategic priorities to expand in the U.S. and to capitalize on the significant opportunities in this market. The region produces 10x more waste than the UK, yet has linear resource chains, low recycling rates, and an over-reliance on landfill and incineration. The serviceable US waste management market is estimated between $130 billion and 170 billion and is growing at 4 to 6 percent.
The partnership also marks Reconomy's third U.S. acquisition this year following the acquisitions of Complete Solutions and Sourcing and Waste Focus announced in January and brings the total number of U.S. acquisitions completed to five.
Reconomy's US strategy is being built around Lincoln Waste Solutions. Acquired in August 2024, this was Reconomy's first acquisition in North America. The addition of AOWR adds further capabilities, capacity, headcount, and clients to Lincoln's growing operations and will help it ramp up growth and scale across the U.S.
Guy Wakeley, chief executive officer of Reconomy, commented: "This latest acquisition is another step on our journey to attain a leading position in the U.S. and reflects our commitment to allocate capital efficiently to where the most attractive opportunities lie.
"The strategic opportunities for growth across North America are significant. With resources being consumed faster than they can be replenished, businesses in the U.S. are increasingly recognizing the economic imperative of keeping resources in circulation and are turning to companies like ours to better manage their materials. We look forward to welcoming our new colleagues and to delivering value to all our stakeholders."
