The most recent update to this tracker is:
- TXP Environmental, a parent company of several dumpster and disposal services in Texas, has acquired the Diamond Back Recycling and Sanitary Landfill in Odessa, Texas. The deal helps TXP internalize more of its waste and grow its operations in West Texas. It is the fifth acquisition TXP has made since coming under ownership of private equity firm NMS Capital.
- J.F. Lehman & Co. is launching a new environmental services platform through the acquisition of majority stakes in Chicago-based Tradewater and Indianapolis-based Reclamation Technologies USA. Tradewater specializes in the collection and control of refrigerant and methane gases, according to a release. RTI is also a refrigerant recovery and reclamation provider. J.F. Lehman is an infrastructure asset manager and previously acquired Heritage-Crystal Clean for $1.2 billion in 2023.
- Laurel Mountain Partners-backed 5280 Waste Solutions acquired Compost Colorado and Wompost in October. The two organic waste haulers were rolled up into 5280's commercial and residential service offerings which will use the Compost Colorado name. Compost Colorado also operates the city of Denver's only commercial composting 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.
