The most recent update to this tracker is:

  • Bennett Compost acquired Circle Compost, bringing together Philadelphia’s two private options for food waste pick-up services, Grid reported. Bennett Compost, founded in 2009, handles about 200 tons of waste per month, while Circle Compost, founded in 2016, 25 tons of waste per month.
  • Voyager Trucking Corp., based in Newark, New Jersey, acquired Fairview-based Vision Transport. The merger combines two companies providing long-haul municipal waste services and transfer station management services. Voyager Trucking has a fleet of 185 vehicles and Vision Transport has 57 vehicles, according to federal data. Infrastructure investor Mascarene Partners acquired Voyager in July.

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.

2025 U.S. and Canada waste and recycling M&A

List of mergers and acquisitions in the solid waste, recycling and environmental services sectors

2024 U.S. and Canada waste and recycling M&A

List of mergers and acquisitions in the solid waste, recycling and environmental services sectors

2023 US waste and recycling M&A

List of mergers and acquisitions in the U.S. solid waste and recycling industry

2022 US waste and recycling M&A

List of mergers and acquisitions in the U.S. solid waste and recycling industry

2021 US waste and recycling M&A

List of mergers and acquisitions in the U.S. solid waste and recycling industry