Titan Environmental Solutions TESI

Titan Environmental Solutions Inc. provides non hazardous solid waste and recycling collection, transportation and disposal services. The company operates primarily through its subsidiary Standard Waste Services LLC which serves industrial and commercial customers in Michigan. Titan Environmental Solutions Inc. commenced operations in 2017 and has expanded through acquisitions to build a fleet of 32 waste collection vehicles.

Revenue is generated from charging customers for front load, roll off, rubber wheel and long haul tractor trailer waste collection services. The company also earns fees from transportation and disposal at third party landfills and transfer stations. Customers include industrial generators, commercial contractors and municipal entities in the Midwest region.

Titan Environmental Solutions Inc. competes in a highly fragmented solid waste collection and disposal market that includes large national firms such as Republic Services Inc and Waste Management Inc as well as numerous regional and local operators. The company seeks to gain market share by targeting secondary and rural markets where competition from national providers is limited. Its competitive advantages include a decentralized operating model that allows rapid response to customer needs and a strategy of vertical integration through landfill acquisition to improve margins.

The company serves approximately 1,200 industrial and commercial customers located in the Metropolitan Detroit, Michigan area. No individual customer name is disclosed in the filing.