TWST: Please begin with a brief historical sketch of the company and a picture
of the things you are doing at the present time.
Mr. Bouck: The company was founded in September 1997 by Ron Mittelstaedt, our
Chairman and CEO. It has grown steadily since then, becoming public in May 1998,
and today is the fourth largest in our industry with roughly $1 billion in
annual revenues.
TWST: I believe that you have grown through acquisitions quite a bit.
Mr. Bouck: That's correct. We have completed over 200 acquisitions over the
course of the last 10 plus years.
TWST: What do you look for when you look for an acquisition?
Mr. Bouck: We look for companies that fit both our strategic and our financial
criteria. Our strategic criteria are fairly simple. We are looking for companies
that operate either in exclusive franchises or companies that operate in
competitive markets where they are vertically integrated and have a large market
share. In our industry, vertical integration means having both disposal as well
as collection operations.
Tickers included in this excerpt: WCN
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