CARDS Recycling (CARDS) has acquired Raintree Disposal (Raintree), a waste company based in Forsyth, Missouri. Raintree is the 3rd Missouri based company CARDS has purchased in the past 30 days. Since the J&J Refuse acquisition (May 15th) and Ozark Waste Solutions (May 31st) CARDS now plants a flag in the greater Branson area. The deal was finalized earlier in June, according to a CARDS representative. Deal terms were not disclosed.
Founded in early 2000, Raintree services more than 5,000 residential, commercial and industrial customers in the Branson Missouri market. With more than 20 years of experience, Raintree thrived on getting the job done right the first time. Richard and Shonda Fordyce were known for fast, friendly services that went above and beyond to exceed customers’ expectations. Raintree built its brand and reputation on values that align with CARDS customer first approach. “We’ve closed on an extremely well-run organization with loyal subscription residential and commercial market share. Opportunities like this provide immense value and allow us to enter desirable markets at a fast pace”, says CEO Dan Christensen.
Raintree’s core service area includes Taney county with sections of Stone county. The market presence was built on local, trusted customer relationships. “This market is prime for a premium service provider. Raintree will be run by the local management, with the same employees. Other than branding, the customer won’t notice a difference in service. I know this market well and CARDS is eager to invest the necessary capital to grow” says COO Kurt Bodendorfer. In addition to a robust customer base, CARDS is receiving equipment that aligns with its average age of fleet initiatives.
The transactions of J&J Refuse, Ozark Waste Solutions and Raintree Disposal are CARDS’ 19th, 20th and 21st acquisitions. From 2018 – 2022, the company made 15 acquisitions to complement its organic revenue growth.