The most recent update to this tracker is:
- Denali acquired North Carolina-based Smart Recycling, a provider of food waste collection services in the Carolinas with a focus on commercial clients. Denali is a portfolio company of private equity firm TPG Growth.
- Reconomy acquired Maryland-based Integrated Waste Analysts, a third-party waste and recycling service provider that works with industrial clients.
- Miller Environmental Group acquired Maryland-based Ace Environmental Services, which offers a range of services to commercial, industrial and residential clients in the mid-Atlantic region. Miller is a portfolio company of private equity firm Coalesce Capital.
- BP Environmental Services, a third-party waste and recycling service provider, acquired New York-based Synergis Zero Waste Group, a provider of waste and recycling consulting services for commercial clients. BP is a portfolio company of private equity firms Expedition Capital Partners and Firmament.
- Circular Services acquired South Carolina-based Atlas Organics from Generate Capital. Atlas operates eight composting facilities in multiple states. Circular Services is backed by Closed Loop Partners.
- Synagro acquired Nutri-Blend, which provides biosolids management services including land application in Virginia and Washington, D.C. Synagro is a portfolio company of Goldman Sachs Asset Management.
- Best Trash, a Texas hauler, acquired Louisiana-based Pelican Waste & Debris, a provider of residential and commercial hauling services in southern Louisiana and Mississippi.
- Waste Connections closed its purchase of Florida Express Environmental, a family-owned, 150-employee company in the Ocala area that offers residential and commercial services. The company operates the Southside C&D Landfill, as well as a recycling facility.
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.
