Corporate Consolidations

Lewis Clark Recycling & Disposal

Lewis Clark acquires and develops assets for the collection, transfer, recycling and disposal of municipal solid waste and demolition debris. Lewis Clark operates and serves solid waste hauling, transfer and disposal facilities in Illinois, Iowa, Missouri and Nebraska. Visit the Lewis Clark website.

Liberty Waste I, Illinois and Indiana (sold 1998)

Building LWI I, we acquired 26 solid waste companies (landfills, hauling companies and transfer stations) in greater Chicagoland, Indiana and S. Illinois. We closed on the first transactions in April 1996 and after investing about $55m in capital to assemble the portfolio, we sold it to Allied Waste (now Republic Services). PNC was an equity investor.

Liberty Waste II, Tennessee, Alabama, Mississippi, and Kentucky (sold 2001)

LWS II was a joint venture with a public waste company, Waste Industries. During a two-year period we acquired and integrated more than a dozen solid waste companies and then sold the company to Waste Connections.

Liberty Waste III, North Carolina and Georgia (partially sold in 2002—remainder foundation for Liberty Tire)

With PNC as our equity partner, Laurel acquired solid waste assets in Georgia and scrap tire companies in North Carolina. Ultimately, we sold the Georgia assets to Advanced Disposal and Waste Management and Laurel kept the two North Carolina scrap tire operations which became the foundation for Liberty Tire Recycling.

Liberty Waste IV, New York, New Jersey, and Ohio (sold Dec 2007)

Liberty Waste IV was a $100m+ development in Eastern Ohio and South Kearney, New Jersey. It included the construction and operation of a large MSW landfill in Eastern Ohio and rail facilities servicing it. It also included the development of a new rail transloading facility, the acquisition of a short line railroad and all the accompanying rail cars and containers. Within a year of completion of the construction of both the landfill and transloading facilities, Liberty secured more than 5000 tons per day of solid waste that was shipped daily on a dedicated Norfolk Southern unit train from to NJ to be disposed of at the landfill in Ohio. This company was sold to a private equity firm.

Liberty Tire Recycling (throughout United States and Canada) (sold 2015)

Started as part of LWS III, Laurel took the business over solely in 2002, acquired a few additional companies and then in 2004 partnered with a private equity firm, Park Avenue Associates. Over the course of the next four years we acquired more than two dozen companies and then sold the business to American Securities Capital late in 2008. By 2012, the company grew from about $120m to more than $330m revenue with 2000 employees at 30 plants processing approximately 140 million tires annually. Liberty Tire processes about 40% of North America's scrap tires. Laurel sold its interests in early 2015.