Progressive Waste Solutions: Growing to fit an expanding industry

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Courtesy of Waste Advantage Magazine

Serving the needs of commercial, industrial and residential customers, Progressive Waste Solutions Ltd. (Vaughan, ON) is the third largest non-hazardous solid waste management company in North America. Their history began in 2000 when they acquired some of the Canadian waste assets of Browning Ferris International, or BFI, which itself had been acquired by Allied Waste. CEO Keith Carrigan, with private equity firm Edgestone Capital, purchased some of these Canadian assets and named the company BFI Canada. BFI Canada grew organically and by way of acquisitions. In 2002, the company did an IPO on the Toronto Stock Exchange as a Canadian income trust and became known as BFI Canada Income Fund.

In 2005, BFI Canada Income Fund acquired IESI, a company that was founded in 1995 by industry veteran Mickey Flood. IESI had started in Justin, TX with two trucks and two drivers. It grew quickly through small acquisitions and municipal franchise contracts. At the time of acquisition, IESI operated 41 collection companies, 17 landfills, including the largest in New York State, 23 transfer stations and six material recovery facilities (MRFs).

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