Recently Budget Waste Inc, a waste solutions company in Western Canada that provides complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients, announced the signing of a letter of intent to acquire Broadband Communication Services Inc. (BBCS). A closing to this deal is anticipated to be completed by the end of the first quarter of 2008. In the deal Budget Waste will acquire approximately $3.2 million in assets from BBCS and inherit several existing long term contracts valued between $15-20 million over the next 3 years.
Broadband Communications Services Inc. is based in Nebraska City, Nebraska and has been in business for over 15 years. The Company has a large customer base including industry leaders such as AT&T, Conoco Phillips, Qwest and Level 3 communications. BBCS is a construction and infrastructure Placement Company that operates underground construction companies throughout the United States and had revenues of $7.3 million for 2007.
CEO of Budget Waste, Jim Can, is very excited for this business opportunity and stated, “BBCS will complement our current business and permit both companies to take advantage of intercompany synergies and new market opportunities. We are using this strategic acquisition to position Budget as a broader market service provider.”
Budget Waste Inc. is focused on growth and is using a growth through acquisition strategy with exceptional success. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products, they see tremendous opportunity for expansion. They are confident that extraordinary growth coupled with a focus for their customers’ needs will bring their stockholders outstanding value for the confidence they have placed in BWI.
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