K. Hoving Companies acquired by LRS

K. Hoving Companies, a full-service waste management, recycling and Dumpster rental company, has been acquired by Chicago-based Lakeshore Recycling Systems.

Financial terms were not disclosed. The acquisition makes LRS Illinois' largest private waste company and expands its services to include street sweeping and portable restrooms as part of the company's new Temporary Services Division. K. Hoving Companies founding executives Ken Hoving and KJ Loerop will lead the new LRS Temporary Services Division with Loerop serving as the division's new vice president. The division will serve individuals and companies seeking roll-off services, portable toilets, on-site storage and street or job site sweeping.

"This milestone acquisition strengthens the LRS operations and service footprint in DuPage County, and positions us well for continued growth in the competitive Chicagoland waste and recycling market," said LRS Chief Executive Officer Alan T. Handley. "LRS and K. Hoving employees are passionate about fostering innovative solutions that fuel the circular

economy, and I personally welcome all K. Hoving employees and customers to the LRS family."

K. Hoving Companies has built a strong reputation as a full-service waste and recycling company offering services in Dumpster rental, roll-off, commercial, construction recycling, portable restrooms and street sweeping in DuPage County and throughout greater Chicago area. It operates the only recycling facility in Chicago that is nationally certified by the Recycling Certification Institute.

With the addition of K. Hoving Companies, LRS now operates seven material recovery facilities throughout the Midwest, increasing annual revenues to nearly $170 million and its workforce to over 720 full-time employees. The combined companies will now control nearly 20 percent of the Chicago area's roll-off market and will be the second largest portable toilet business in Illinois.