The most recent updates to this tracker are:
- Arcwood Environmental acquired Alabama-based Safeway. The company operates an industrial services business to manage hazardous and non-hazardous waste and an environmental services business to provide field and other services. Safeway has three locations, an estimated 60 employees and 100 transportation assets, including various trucks, trailers and other equipment. Arcwood is a portfolio company of EQT Infrastructure.
- Funds managed by investment firm Apollo acquired a majority stake in Pennsylvania-based Noble Environmental. Noble operates multiple landfills and transfer stations in Pennsylvania, Ohio and Maryland, along with hauling operations. The company employs an estimated 400 people.
- Hoffman Sanitation Services acquired another hauler in southeastern Oklahoma: County Line Disposal. This is Hoffman's second acquisition this year, after Lake Texoma Trash Service in February. County Line serves communities in Bryan and Choctaw counties, per a release. Hoffman said it would integrate employees and the newly acquired companies customers' into its operations and current routes, enabling synergies.
- Republic Services completed its acquisition of Robinson Waste Services in May, according to securities filings. Based in northern Utah, Robinson was previously backed by private equity firm Era Partners. Robinson owns a MRF and transfer station. It also has more than 100 vehicles and provides residential, commercial, industrial and construction waste and recycling services.
- BP Environmental Services acquired Pennsylvania-based Commercial Management Systems and General Equipment Acceptance Corp. CMS is a third-party waste and recycling service provider focused on job sites, while GEAC offers lease and rental options for waste equipment. BP is a portfolio company of private equity firms Expedition Capital Partners and Firmament.
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.
