Welcome to our dedicated page for Titan Environmental Solutions news (Ticker: TESI), a resource for investors and traders seeking the latest updates and insights on Titan Environmental Solutions stock.
Titan Environmental Solutions Inc. (OTCQB: TESI) is an environmental services company that focuses on non-hazardous solid waste and recycling. Company announcements describe a technology-enabled platform built around traditional, cash-flow-generating waste management and recycling businesses, with services that include collection, hauling, transfer, disposal and technology-based waste reduction solutions.
The TESI news feed highlights developments that the company identifies as important to its growth and operations. These include corporate actions such as the change of name and jurisdiction of incorporation from TraQiQ, Inc. to Titan Environmental Solutions Inc., and the related change in trading symbol to TESI. News items also cover the company’s acquisition and consolidation activities in the environmental services sector.
A notable theme in Titan’s news is its acquisition strategy. The company announced a Membership Interest Purchase Agreement to acquire Standard Waste Services LLC, a Detroit-based waste management company providing commercial and industrial waste and recycling services in the greater Detroit metro area, and later reported the closing of this transaction. These releases describe how Standard’s commercial roll-off and front-load services, including dumpster compactor rentals, and its customer base in Southeast Michigan are expected by Titan to contribute to its commercial front-load segment and scale in the Greater Detroit market.
Governance and leadership updates also appear in TESI news. Titan has reported appointments to its board of directors, noting the appointees’ experience in financial controls and public company board service, and has discussed how this experience may support its operational focus and growth plans. By following this news page, readers can review Titan’s own descriptions of its acquisitions, strategic direction, board changes and other material events affecting the company.
Titan Environmental Solutions (OTCQB: TESI) has announced two key appointments to its Board of Directors: Edward J. Borkowski and Edward F. Feighan, effective immediately.
Borkowski, 65, brings healthcare executive experience, having served as EVP and CFO of Purdue Pharma LP and TherapeuticsMD. He currently serves on the board of Entero Therapeutics and holds an MBA from Rutgers University.
Feighan, 77, is the Chairman and CEO of Covius since 2016 and has been involved with Continental Heritage Insurance Company for over 20 years. He served five terms in the U.S. House of Representatives (1983-1993).
CEO Glen Miller stated these appointments will strengthen Titan's financial controls and support its growth strategy, including plans for listing on a national securities exchange. The company focuses on waste management and recycling services, aiming to expand through organic growth and acquisitions in the environmental industry.
Titan Environmental Solutions announced the acquisition of Standard Waste Services, a Detroit-based waste management company. Standard Waste provides commercial and industrial waste and recycling services and operates around 20 collection vehicles, servicing over 750 customers. This acquisition is expected to add approximately $17M in top-line revenue for 2023. Titan will integrate Standard Waste into its operations, enhancing market scale and operational synergies. CEO Glen Miller expressed optimism about future growth opportunities as Titan continues to expand its waste and recycling solutions platform.
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