Yuav ua li cas Bill Gates-Backed Republic Services Hloov cov thoob khib nyiab rau hauv cov nyiaj ntsuab loj

Cov khib nyiab yog qhov khoom lag luam zoo tshaj plaws kom txog rau thaum tus kws pab tswv yim hluas McKinsey pom yuav ua li cas Republic Services tuaj yeem hloov nws tus kheej mus rau hauv lub tshuab tau txais txiaj ntsig los ntawm tus nqi txhua yam ntawm cov thoob khib nyiab ntawm tus nqi. Tam sim no nws yog CEO ntawm qhov ua tau zoo tshaj plaws junk giant.

InLub roob Yaj nyob sab qaum teb ntawm Las Vegas, Apex qhov chaw pov tseg tau txais 8,000 tons ntawm cov thoob khib nyiab ib hnub, xa los ntawm 280 lub tsheb thauj khoom uas yob tawm ntawm lub xeev ua ntej ua haujlwm rau txoj kev taug kev hauv av mus rau qhov hu ua lub ntsej muag ua haujlwm - thaj chaw ua haujlwm ntawm peb daim av. supersized bulldozers nrog spiked hlau log tsoo thiab compact lub thoob khib nyiab. Lub pob zeb twb tau 500 ko taw tob rau ntawm qhov chaw, tab sis tseem muaj chaw txaus los khaws faus Sin City cov khib nyiab rau ntau pua xyoo. Nws tus tswv, cov thoob khib nyiab loj hauv Republic Services, muaj 15-xyoo kev cog lus los sau cov thoob khib nyiab thiab rov ua dua los ntawm tag nrho cheeb tsam Las Vegas.

"Peb nyiam hu nws ua franchise," hais tias CEO Jon Vander Ark, 47, uas rov qab 5% ntawm cov nyiaj tau los ntawm daim ntawv cog lus (uas khiav txog $ 250 lab ib xyoos) rau Las Vegas County rov qab rau kev cais tawm.

Cov koom pheej tsheb thauj khoom qee 28 tons hauv ib hnub ntawm buffet thiab lwm yam khoom noj khoom haus los ntawm cov tsev so thiab twv txiaj yuam pov mus rau ib qho chaw ua liaj ua teb uas nyob ib sab ntawm Apex qhov chaw pov tseg, qhov chaw uas nws tau boiled rau hauv cov xim daj-xim av stew slurped los ntawm 3,500 hogs. Lwm cov khoom siv organic rot dhau sijhawm thiab muab cov methane tawm - euphemistically hu ua cov pa roj av - uas koom pheej ntes thiab muag ntawm tus nqi rau cov neeg siv khoom lag luam. Lub caij no, ib lub tuam txhab mining them rau Republic ib tug royalty ntawm 150 lub tsheb thauj khoom ib hnub ntawm pulverized roob pob zeb uas nws rub tawm ntawm qhov chaw los ua chaw rau ntau cov khib nyiab tuaj. Tom ntej no mus: lub cheeb tsam tshiab "polymer center" kom tau txais txiaj ntsig los ntawm cov khoom noj thiab dej haus cov neeg tsim khoom txaus siab them nyiaj ntau dua rau cov khoom siv yas zoo dua li cov khoom siv nkauj xwb.

Cov koom pheej, uas yog nyob rau hauv Phoenix, ua haujlwm 198 qhov chaw pov tseg, 71 qhov chaw rov ua dua tshiab thiab cov kev sib sau hauv 41 lub xeev. Tom qab muaj kev sib kis thoob plaws xyoo 2020, cov khoom lag luam tau rov qab los hauv 2021, pab nws nce 17% hauv cov nyiaj tau los, mus txog $ 1.3 billion, ntawm $ 11.3 billion hauv kev muag khoom. Nws cov khoom lag luam, kev lag luam ib puag ncig $ 131, tsuas yog qis dua 10% los ntawm nws qhov siab 2021, piv rau 18% swb hauv S&P 500.

Vander Ark zais cia? Kev lees paub lub tswv yim tias hauv nws txoj kev lag luam, khib nyiab yog ib qho cuab tam thiab yuav tsum tau them tus nqi. "Cov thoob khib nyiab muaj nqis ntau dua li peb tau xav," nws qhuas. Zoo, ntau dua li cov neeg feem coob xav, xijpeem. Txawm tias rov qab rau xyoo 2009, thaum nws pib qhia

Republic raws li ib tug hluas McKinsey tus kws pab tswv yim nrog Harvard Law degree, Vander Ark pom lub hwj chim ntawm cov khib nyiab. "Kev kis thoob qhov txhia chaw tau pom tias tib yam uas peb tswj tau yog tus nqi. Peb tsis tswj qhov ntim, thiab peb tsis tsim kev thov. "

Michael Hoffman, tus thawj coj ntawm Baltimore's Stifel Investments, uas tau ua raws li kev lag luam khib nyiab txij li xyoo 2008 hais tias "Kuv yog ib tus neeg tsis txaus siab txog kev ntiav cov kws pab tswv yim los ntawm McKinsey," tab sis Jon coj qee yam uas lawv yuav tsis xav txog. Kev lag luam pov tseg yeej tsis tau nqi khoom muaj nqis li tsawg. Tsis txhob maximized txoj kev. "

Thaum ntxov, tus kws pab tswv yim hluas tau lees paub thaum ntawd-CEO Don Slager tias Republic tsis tau them tus nqi tsheb thauj mus los ywj pheej siab txaus "tus nqi them" txhawm rau pov tseg lawv cov khoom thauj ntawm Republic-muaj chaw pov tseg. Tus nqi marginal ntawm kev ntxiv ob peb tons ntawm cov thoob khib nyiab rau hauv qhov chaw pov tseg tau tshwm sim qis vim tias nws tsis suav nrog cov nqi siab ntawm kev qhib qhov chaw pov tseg tshiab. Hauv qhov tseeb, Republic tau muag nws cov txiaj ntsig yav tom ntej uas pheej yig heev.

Vander Ark tau sib cav tias Republic yuav tsum nce nws cov nqi ntau heev. Cov neeg ua haujlwm uas them tsis taus nws yuav mus rau lwm qhov. Cov uas tuaj yeem them tau yog tus kheej txheeb xyuas tias muaj txiaj ntsig txaus los ua cov koom pheej nrhiav tau lub hom phiaj. Nws tsis yog txog xyoo 2019, Hoffman hais tias, Houston-based archrival Waste Management (2021 muag: $ 18 billion) tau ntes nrog Republic tus nqi khib nyiab hnyav.

YUAV UA LI CAS

Los ntawm John Dobosz

Kev koom tes hauv zej zog kom khaws cov khib nyiab pov tseg zoo li kev nyab xeeb - thiab tshwj tsis yog tias peb thim rov qab los pov peb cov kev tsis kam mus rau hauv txoj kev, cov tsheb thauj khoom khib nyiab muaj kev nyab xeeb yav tom ntej. Heil Environmental Industries tau yog ib lub ntiaj teb cov neeg tsim khoom loj tshaj plaws ntawm cov tsheb thauj khoom tshwj xeeb txij li xyoo 1901. Cov neeg ua haujlwm ntawm nws lub Hoobkas hauv Fort Payne, Alabama, weld ob peb tons ntawm steel thiab machinery atop tsheb chassis thiab yob tawm cov customized pieces ntawm heavy-duty compacting.

thiab cov khoom siv thauj mus los rau cov neeg siv thoob ntiaj teb. Yog tias koj xav tau ib daim Heil, koj yuav tsum tau yuav cov khoom ntawm Dover Corp., Illinois-raws li mini-conglomerate uas yuav mus rau hauv lub lag luam tsheb khib nyiab hauv 1993. Nws kuj yog ib tug loj neeg uas ua ntawv nyob rau hauv lub twj tso kua mis, winches, hoists, coj mus muag tub yees thiab khoom siv kho tsheb. Cov nyiaj tau los rau xyoo no xav tias yuav loj hlob 8.3% rau $ 8.6 billion, nrog cov nyiaj tau los nce 11%. Tus nqi ntawm 15 npaug nyiaj khwv tau los, Dover ua lag luam ntawm 22% luv nqi rau nws qhov nruab nrab tsib xyoos P / E, thiab nws cov nyiaj tau los yog 1.6%.

_{John Dobosz yog tus editor ntawm lub Forbes Dividend Investor thiab Forbes Premium Income Report cov ntawv xov xwm peev.}