The most recent updates to this tracker are:
- GFL Environmental has acquired the roll-off services of Reilley Trucking, a family-owned provider of dump trucks and heavy equipment hauling in Fort Wayne, Indiana.
- Republic Services has acquired Raekar, a local hauler that provides roll-off containers, commercial dumpster rentals and residential curbside collection services throughout middle and West Tennessee.
- Tomlinson, an Eastern Canada waste management company, has acquired Barron Disposal Systems, a family-owned business that provides front-load and roll-off waste and recycling services in the Ottawa Valley region of Ontario. The acquisition further expands Tomlinson’s presence in the region after also recently acquiring Franklin Disposal.
- Casella Waste Systems acquired Cougle’s Recycling, a family-owned recycler in Hamburg, Pennsylvania. The deal, which includes a MRF, helps Casella add to its recycling infrastructure in the region. Casella also acquired the commercial and residential curbside waste and recycling collection operations of Recycle Depot based in Poughkeepsie, New York. Recycle Depot will continue operating its roll-off dumpster rental and mulch sales.
- Liberty Waste Solutions acquired Bill’s Trash Services in Harnett County, North Carolina. The deal strengthens Liberty's established Harnett County operations and densifies its residential routes while also expanding its presence into the nearby Fayetteville market. Liberty is backed by private equity firm Allied Industrial Partners.
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 $3.3 billion in 2025, $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.
