The most recent update to this tracker is:
- Private equity-backed Ecowaste Solutions acquired Howie's Environmental. The Manhattan, Kansas-based hauler serves the northeastern region of the state with residential and commercial waste collection, roll-off dumpster services and recycling. Ecowaste Solutions is a solid waste company backed by Kinderhook Industries whose formation was announced on Jan. 16.
- Industrial waste company Caldwell Environmental acquired Northern Hills Oil, a waste company based in Cincinnati. The acquisition advances Caldwell's ability to provide "turnkey industrial cleaning and vacuum services, household hazardous waste management programs, lab pack, drum and tote business," President Adam Roberts said in a statement.
- Liberty Waste Solutions acquired AJ Disposal, a provider of residential and commercial front load hauling based in Asheboro, North Carolina. The deal expands Liberty's footprint in the state. Raleigh-based Liberty is backed by private equity firm Allied Industrial Partners after a deal in 2022.
- Hoffman Sanitation Services continues its Oklahoma acquisition streak, closing a deal for Kingston-based Lake Texoma Trash Service, according to a Facebook post from the newly acquired company. LTTS provided residential trash services for Marshall County. Hoffman is based in Durant.
The waste and recycling industry's M&A activity has neared historic levels in recent years.
Collective M&A spending by the U.S. solid waste industry's publicly traded companies approached an estimated $10.9 billion in 2024, $4.2 billion in 2023 and $6.3 billion in 2022. This total does not include deals involving companies with private equity or infrastructure fund backing, which have become increasingly active in recent years.
This tracker’s lists for 2021-2023 focused on deals executed by companies that primarily provide municipal solid waste or recycling services in the United States. As of 2024, our list also includes environmental services transactions and all deals in Canada. Transactions involving significant investments, including minority stakes, may also be included.
We list acquirers or lead investors in alphabetical order by their parent company or common operating name, which may differ from the specific legal entities involved in the acquisitions. Please send feedback or tips to waste.dive.editors@industrydive.com.
