The most recent updates to this tracker are:
- Recology has entered a definitive purchase agreement to acquire Tahoe Truckee Disposal Co. The family-owned company provides commercial and residential waste collection to about 31,000 customers in Truckee, California, as well as the surrounding counties of Placer, Nevada and El Dorado. David Achiro, owner of TTDC, said his family also “helped found one of the San Francisco scavenger companies that became Recology” more than a century ago. TTDC will bolster Recology’s Northern California operations once the deal closes. Federal data indicates the company has a fleet of 77 vehicles.
- Private equity firm Kinderhook announced it acquired Pete & Pete Container Service and Boyas Recycling & Excavating, a vertically integrated C&D platform based in Northeast Ohio. Boyas operates a MRF and permitted C&D landfill that serve the Cleveland market.
- Laurel Mountain Capital announced it had acquired a significant stake in family-owned DC Waste & Recycling in Hillsboro, Illinois. The company serves central and southern Illinois with front-, rear- and side-loading waste collection, plus portable restroom and roll-off lines. The Deming family will retain ownership of the business as part of the deal.
- Private equity-backed Liberty Tire Recycling announced three acquisitions in Texas and Louisiana: All American Tire, based in Fort Worth, Texas; Colt Tire Recycling, based in Scott, Louisiana; and Genan in Houston, Texas. All American and Colt both offer collections, and Colt also works with customers on end uses of recycled rubber for civil engineering applications, per a release announcing the deal. Genan is a processing facility with a focus on crumb rubber and micronized rubber. Senior members from each company's leadership team are expected to join Liberty. Infrastructure investor I Squared Capital acquired Liberty Tire from Energy Capital Partners in October.
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.
