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LRS ACQUIRES ROY STROM COMPANY

SPOTLIGHT IN MILESTONE UNION CEMENTING LRS AS THE MIDWEST’S LARGEST SPOTLIGHT INDEXINDEX PRIVATELY-HELD WASTE PROVIDER

CHICAGO, ILLINOIS, UNITED STATES, January 4, LRS also announced that George Strom will continue 2021 – Lakeshore Recycling Systems is (“LRS”), the with LRS as Area Vice President, leading operations at LRS’ nation’s seventh largest privatelyheld waste and recycling Roy Strom facilities in Maywood. Roy Strom Company company, today announced its largest acquisition to-date: is the third and largest in a series of recent acquisitions Maywood, Ill.-based Roy Strom Company (“Roy Strom”), announced by LRS at the turn of the New Year. among the most respected independent waste haulers LRS Chief Executive Officer Alan T. Handley heralded in the Chicagoland market. The the acquisition as symbolic and milestone addition of Roy Strom representing a transformation for the to the LRS family positions LRS for “...its roots and company as it positions for explosive accelerated growth throughout values planted firmly growth. “For more than seventy-five Chicagoland and the broader Midwest. Financial terms were not here in years, Roy Strom Company has built a rich legacy as one of the most disclosed and the acquisition is Chicagoland”. respected independent waste and effective immediately. recycling leaders in Chicago,” Handley As a result of the combination, said. “This critical partnership LRS gains an extensive, long-tenured residential and demonstrates how trusted LRS remains as a first-choice commercial customer base, well-positioned Single Stream acquirer for independent, family-owned waste and and C&D recycling operations, and a strategically located recycling companies throughout the Midwest.” transfer facility in Maywood which serves many local Handley added “LRS has been built by entrepreneurs operators. More specifically, LRS will now service residents with many of the acquired businesses’ family members in communities such as River Forest, River Grove, North continuing to serve as key executives throughout the Riverside, Villa Park, Berkeley, Summit, Willow Springs and organization. Maintaining our entrenched local roots with unincorporated DuPage County. an unyielding commitment to the customer experience Commenting on the acquisition, Roy Strom President differentiates LRS and fuels our growth and innovation. George Strom: “LRS is an aggressive waste and recycling LRS remains the local alternative to large national waste industry disrupter with its roots and values planted firmly haulers who lack the community connection so essential to here in Chicagoland. We are excited about joining this successful waste and recycling service delivery.” winning organization because they share our values and passion to provide our customers with an exceptional Lakeshore Recycling Systems (LRS), is North America’s experience, and our employees a rewarding pathway seventh-largest privately-held waste and recycling company. to career success. As the fourth generation of Strom For more than 20 years, LRS has specialized in providing leadership, I am excited to carry on my family’s values comprehensive, fully integrated waste diversion and recycling of hard work, putting the customer first, and fierce services for hundreds of thousands of residential . To learn independence; at LRS those values will be preserved for more visit www.LRSrecycles.com. generations to come.”

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