The most recent update to this tracker is:
- Private equity firm Tiger Infrastructure Partners announced an unspecified investment in Missouri-based Raptor Waste Solutions. Raptor operates two transfer stations and a hauling operation in the Kansas City area, as well as a hauling business in the Jacksonville, Florida, area under the name My Dumpster Guy. Kingston Capital Management also participated in the investment round.
- Interstate Waste Services subsidiary Action Environmental acquired Filco Carting, one of the largest remaining independently owned haulers in New York City. The company was awarded four commercial waste zone contracts and also has two municipal contracts in New Jersey. Earlier this year Action also acquired Amro Carting, Daniello Carting, Falso Carting and Flash Recycling; as well as select assets from Avid Waste Systems, Basin Haulage and Liberty Ashes.
- GFL Environmental acquired North Carolina-based Waste Removal, a small hauler providing a range of collection services in the Carteret County area. The company previously reported operating 14 vehicles, according to federal records.
- Waste Connections acquired New York-based American Recycling, which operates a transfer station inQueens adjacent to facilities owned by Royal Waste & Recycling, which the company also bought last year. Earlier this year it also acquired Cinelli Carting and D&D Carting, as well as select assets from Century Waste Services.
- Private equity firm Heartwood Partners recently reported that it completed a continuation investment in The Amlon Group in May. The transaction, veiled at $245 million, was led by Apogem Capital and also included other investors. Amlon, a Texas-based provider of environmental services including hazardous waste management, has done five add-on acquisitions since 2021.
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.
