Industry History | Waste Management — Ace Routes Folded into One 1968 Book
· 1968-1
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Industry History | Waste Management — Ace Routes Folded into One 1968 Book
kevin
People treat Waste Management as a Houston tower that always owned landfills and recycling plants.
The first national book was a Chicago-family merger.
In 1894 Harm Huizenga, a Dutch immigrant in Chicago after the World's Fair, hauled refuse by wagon at a dollar twenty-five a load. His son Tom later ran Ace Scavenger Service. In 1956 Dean L. Buntrock, a Huizenga son-in-law, joined Ace after Peter Huizenga died. The firm then ran about fifteen routes and held a piece of a Stickney incinerator.
Buntrock expanded into Wisconsin and Minnesota. In Florida, H. Wayne Huizenga, another relative, was buying routes of his own. Larry Beck ran a third book.
In 1968 they folded the family companies into Waste Management, Inc., a Delaware corporation headquartered in the Chicago suburbs. Buntrock took the chair. Annual revenue was about five million dollars in 1968 money. The 1971 public offering arrived just after Congress created the Environmental Protection Agency, which turned dumps into regulated, capital-heavy landfills.
By the early 1980s the company was the largest waste firm in the United States. USA Waste of Texas bought the old Waste Management in 1998, kept the name, and moved the listed headquarters to Houston. The founding geography stayed Illinois, Wisconsin, and Florida routes tied together from Oak Brook.
The mechanism was regulation plus scale. Once federal rules made a landfill an engineered asset instead of a hole in a field, a consolidator who could finance the site owned the route that fed it.
Photo: Chicago skyline files, via Wikimedia Commons
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