Good Wednesday morning, one and all. As we explained in Monday afternoon's newsletter, this week we've got a two-parter for you. If you missed the first part, we recommend you go back to Monday's edition and read through it first. If you're on board with Monday's premise though, proceed. We'll just simply remind you that (1) M&A is really paying off in 2015, and (2) it may be a good idea to invest in companies executing a roll-up strategy in the right industries. With that as the backdrop... There's an old saying - the only sure things in life are death and taxes. I respectfully disagree. There's a third sure thing in life, and that's trash. As long as there are people on the planet, they'll be throwing stuff away... it's one of the world's truly recession-proof businesses. And, I think as the planet's resources are increasingly depleted, the recycling arm of the waste-disposal industry is only going to grow in importance. Enter National Waste Management Holdings (NWMH). Right now, National Waste Management Holdings is a small waste-management outfit with operations in central Florida. Within a few months though, I've got a feeling the company is going to have acquired its way to a much-bigger footprint. It's not like I'm pulling the idea out of a hat either. National Waste Management has said it was going to be acquiring small, accretive waste management outfits, and it made a major purchase in October. It even put its money where its mouth is again today. Let's back track just a bit. As was noted, National Waste Management Holdings is currently performing a variety of waste disposal and waste management services, including for the tricky (and highly regulated) construction and demolition disposal market. It operates a landfill and transfer stations, offers dumpster and roll-off services, turns organic waste into mulch, and even does recycling. All that together is more than enough to keep NWMH plenty busy in the well-populated three-county area near Hernando, Florida where it's headquartered. The time and environment have never been better for expansion through acquisitions, however, for multiple reasons. There's no need to rehash the point we made in detail on Monday. We'll just explain again how most of the recent M&A has been paying off handsomely for the forward-thinking companies that knew how to pick the right targets. That's why this company has made it clear for several months now it plans on enlarging its footprint in the foreseeable future. In fact, it even pulled the trigger on a deal in late October, buying New York-based Waste Recovery Enterprises, LLC, which is presently producing revenue at a pace of $1.5 million per year. If you look closely at the investor presentation at the website though, it's no secret NWMH has more buyouts on its mind. And why not? Not only is the economic environment right for mergers, but the waste-disposal industry in many major markets is changing - regulatory changes - in such a way that teaming up just makes good sense. As an example, in 2010 Florida passed a bill establishing a statewide construction and demolition recycling goal of 75% by 2020. It's certainly possible to reach that goal, though it's going to require a concerted effort and expertise like that brought to the table by National Waste Management. Thing is, similar legislation is in place or falling into place all over the country. Smaller players that don't have the capital or experience to make it happen will be more than happy to join the ranks of a larger organization that does, which allows their combined operations as a whole to operate more profitably. And make no mistake - we're only going to be making more garbage in the future, not less. As for where National Waste Management Holdings is looking, it's currently operating in Florida and will soon take over an operation in New York. But it's targeting all points in between, up and down the east coast of the United States. It's not just a hypothetical possibility either. In the same investor presentation available at the website, National Waste Management Holdings described (without naming names) four specific potential acquisition targets. The descriptions were so detailed there was little doubt the company has already done its due diligence as a prelude to an offer. In that light, considering NWMH already made a deal with one target last month, it would actually be surprising if more deals weren't done. It should also be noted the acquisition targets aren't potential deals just for the sake of doing deals. CEO Louis Paveglio has made it clear he's mostly interested in buying smaller, "mom and pop" outfits which would be immediately accretive to the top and bottom line. That's a smart strategy, and an encouraging level of discipline. How many times have you seen a great company end up shooting itself in its own foot because it overpaid for an asset that was nowhere near ready to bear any real revenue? NWMH isn't falling into that trap. The $64,000 question is, of course, what's waiting at the end of the rainbow? National Waste Management Holdings offered some pretty clear details to that end as well. They're just tentative estimates, mind you, but the table below was the same one that (once again) appeared in the NWMH investor presentation. In three to five years if the company can make the acquisitions currently on the radar, you're talking about a company doing between $40 million and $65 million in revenue per year. More scale, of course, means more earnings. My take? In light of everything we've seen from companies that wisely acquired companies in 2014 and so far in 2015, this roll-up strategy looks like one that should pay off, as expenses get shared and synergies are realized. In other words, this is one of those long-term opportunities within the world of small cap stocks it's tough not to like. As for why I'm telling you all this today, this is where it gets fun. One of the four acquisition targets National Waste Management Holdings mentioned in its presentation is officially becoming part of the NWMH family today. Specifically, Odessa, Florida-based Gateway Rolloff Services, L.P. has been acquired by NWMH, adding $2.3 million worth of revenue to the company's top line. Gateway Rolloff Services yields gross profit margins of 36%, though I suspect once it's integrated with National Waste Management that margin rate could go up. Folks, that's the second acquisition National Waste Management has made in just a little over a month. Both deals looked like great buys with lots of opportunity for vertical and horizontal integration. The full press release is below. The take-away for investors, however, is clear... with two buyouts under its belt already, I think we have to take National Waste Management Holdings' growth plans at face value. This company could be considerably bigger a year from now, and astoundingly bigger three or four years from now. National Waste Management Holdings Inc. Completes Acquisition of Gateway Rolloff Services HERNANDO, FL--(December 2, 2015) - National Waste Management Holdings, Inc. (OTC: NWMH), announced today that it has completed its acquisition of Gateway Rolloff Services, L.P. ("Gateway"), a portable dumpster service with pick up and drop off collection, specializing in the removal of debris, garbage, waste, hauling construction, and demolition debris located in Odessa, Florida for $450,000 cash and 2.4 million restricted shares. The completed acquisition is expected to generate revenue for National Waste in excess of $2.3 million annually with gross profit margins of approximately 36%. "By combining Gateways' roll-off services with our existing landfill business, we will be able to offer better rates and comprehensive end-to-end solid waste solutions for our customers," stated National Waste's CEO, Louis Paveglio. "Moreover, it allows us to expand our footprint geographically while gaining economies of scale." "National Waste continues to execute on our strategy to become a full service solid waste management company and a dominant regional player. We continue to identify additional growth opportunities, both organic and through strategic acquisitions, which will help transform us into a leading vertically integrated solid waste management company," added Jeff Chartier, President of National Waste. About National Waste Management Holdings Inc.: National Waste Management Holdings Inc., is a growing and emerging vertically integrated solid waste management company with a concentration on C&D collection, hauling and recycling. National Waste services Florida's west coast and upstate New York and is a distinguished leader in solid waste services. More information may be found at the Company's website: www.nationalwastemgmt.com. This release contains certain statements that are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934, and are made in reliance upon the protections provided by such Acts for forward-looking statements. We have identified forward-looking statements by using words such as "expect," "believe," and "should." Although we believe our expectations are reasonable, our operations involve a number of risks and uncertainties that are beyond our control, and these statements may turn out not to be true. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form SEC filings. Investor Relations: Natalya Rudman Crescendo Communications, LLC (212) 671-1020, Ext:304 nwmh@crescendo-ir.com