In its latest quarterly report (10-Q), National Waste Management Holdings (OTC: NWMH), a solid waste management company headquartered in central Florida, demonstrated impressive growth. The company is currently running at full speed to achieve its stated objective of becoming a leading national solid waste company through organic growth and acquisitions. Revenues for the third quarter ended September 2016 were stellar at $1.8 million, rising by 269 percent over the third quarter 2015 figure of $0.5 million. Revenues for the nine-month period ended September 2016 were $4.9 million, representing similar growth over 2015 same period revenues of $1.3 million. Now with an aggressive acquisition strategy on the cards, National Waste Management Holdings is set to expand further.
At present, four major acquisition initiatives are planned. The one likely to be executed first is for the construction and demolition (C&D) and Class III Transfer Station in Port Richey, Florida, and due diligence on the deal has already commenced. This facility is centrally located between the company’s Hernando, Florida, landfill and its roll-off operations in Odessa, Florida, which became part of NWMH when Gateway Rolloff Services, LP was acquired.
The acquisition of a cardboard and paper recycling facility in Mulberry, Florida, is also in the offing. Successful completion of this deal, which will include roll-off services, will expand NWMH’s footprint throughout the Lakeland, Florida, area and move the company closer to the Orlando market. Also in Florida, a search is in progress for the acquisition of an industrial-permitted five-acre site meant to be used as a transfer station.
A paper shredding facility in Kingston, New York, is also being considered for possible acquisition. This facility would open NWMH to a large market stretching from New York City to Albany. Due diligence on all of these possible acquisitions is underway.
At present, National Waste Management Holdings operates as a vertically integrated waste management company. The company offers landfill, transfer station, garbage collection and container services for both commercial entities and residential customers in Central Florida and Upstate New York. NWMH’s Sunshine State markets include Citrus, Hernando, and Marion Counties.
Since it began operations, National Waste Management Holdings has disposed of, on average, 200,000 cubic yards of construction debris at its 54-acre landfill facility. The company commenced business with just one roll-off truck but now operates 14 roll-off trucks and approximately 800 containers. In addition, since 2000, the company has been contracted with Citrus County Solid Waste Management landfill to back-up its roll-off trucks. In its quest for national expansion, National Waste Management Holdings is wasting no time.
For more information, visit the company’s website at www.nationalwastemgmt.com
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Released December 1, 2016