Local Waste Services Corp. announces successful equity and debt fundraising partnership with family-owned investment company led by Grieve/Jones Family of Edmonton.
FOR IMMEDIATE RELEASE
Thursday September 17, 2020 (Edmonton, AB).
Local Waste Services Corp. announced today a successful equity and debt fundraising partnership with the family-owned investment company led by the Grieve Family of Edmonton; specifically, Ross Grieve, Matt Grieve and Noah Jones. Local Waste Founder and CEO Chris LaBossiere has partnered with the Grieve family in previous investments (Yardstick Software), which provided exceptional investment outcomes for everyone involved.
“Since the fall of 2016, Local Waste has enjoyed significant organic growth in the Edmonton market and this last year we acquired a 100% interest in our southern Saskatchewan Landfill from some of the current shareholders.” – Chris LaBossiere, Local Waste Founder and CEO.
“Partnering with the Grieves bring more than just capital to the table; they have an amazing reputation for real estate, construction and business development in Western Canada.”
- Chris LaBossiere, Founder and CEO
Continues Chris, “With this funding, and a recent change in our landfill permit to accept broader streams of waste, we will develop a C&D recycling facility in Regina and build a vertically integrated waste and recycling collection company there as well. Not to mention some plans underway to tuck-in additional services and small companies into our Edmonton location.”
About Local Waste Corp.
Local Waste Services Corp. was initially founded in 2016 through the acquisition of Black Cat Disposal, a family-owned company started by Chris and Kim Gadbois. LaBossiere adds – “In most every way we really still are a “families-owned” and operated business. My daughter Lauren LaBossiere is our Managing Partner for Alberta and a shareholder, the Gadbois family remain as minority shareholders, as do the Pettersen family of Saskatchewan who founded our landfill business.” Mr. LaBossiere himself has over 20 years of experience in the Solid Waste, Recycling and Landfill business, as a senior executive, with major multi-national providers like Waste Management, Waste Services and the original BFI.
Other minority shareholders include Don Moroz, a successful Edmonton concrete industry entrepreneur and Thomas Pomerleau our Saskatchewan Managing Partner.