Cards Recycling acquires 3rd Missouri-based company

Cards Recycling, headquartered in Springdale, Arkansas, has acquired Forsyth, Missouri-based Raintree Disposal, marking the third Missouri-based company Cards has purchased since May. The company purchased J&J Refuse May 15 and Ozark Waste Solutions May 31 and announced the purchases May 26 and June 8, respectively. The Raintree purchase was finalized earlier in June, and terms were not disclosed.

Founded in early 2000 by Richard and Shonda Fordyce, Raintree services more than 5,000 residential, commercial and industrial customers in the Branson, Missouri, market. Cards says Raintree built its brand and reputation on values that align with its own customer-first approach.

“We’ve closed on an extremely well-run organization with loyal subscription residential and commercial market share,” says CEO Dan Christensen. “Opportunities like this provide immense value and allow us to enter desirable markets at a fast pace.”

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Raintree’s core service area includes Taney County and sections of Stone County, according to Cards.

“This market is prime for a premium service provider,” says Chief Operating Officer Kurt Bodendorfer. “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, he adds.

In addition to a robust customer base, with the purchase Cards acquires equipment that aligns with its average age of fleet initiatives.

The purchases of J&J Refuse, Ozark Waste Solutions and Raintree Disposal are Card’s 19^th, 20th and 21st acquisitions, respectively. From 2018 through 2022, the company made 15 acquisitions to complement its organic revenue growth.