Mergers and Acquisitions


  • Side view of blue DTG Recycle trucl
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    Retrieved from DTG Recycle on May 16, 2024
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    Macquarie exits DTG Recycle with sales to founder, Waste Connections

    The investment firm purchased the Washington-based C&D company in 2022. Founder Dan Guimont has returned to run the business, with select assets divested to Waste Connections.

    By Updated 6 minutes ago
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    Megan Quinn/Waste Dive
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    Casella gives landfill and organics facility updates after strong 2025

    In his first earnings call since becoming CEO, Ned Coletta highlighted 2025 acquisitions and offered updates on landfill optimization strategies and an organics facility closure in the Northeast.

    By Feb. 20, 2026
  • Clean Harbors at household hazardous waste collection event in Abington, Pennsylvania.
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    The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
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    Clean Harbors looks to spend record cash on M&A and internal growth

    The company met its guidance for full-year 2025 and looks to act on growth levers. That includes capital investments and M&A, such as a new $130 million deal with Depot Connect International.

    By Feb. 18, 2026
  • Republic Services collection truck
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    Courtesy of Republic Services
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    Republic misses 2025 earnings projections but promotes underlying strength

    The company fell short of guidance issued a year ago for revenue, but reported strong free cash flow and a business positioned for growth in environmental services.

    By Feb. 18, 2026
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    Megan Quinn/Waste Dive
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    Q4 earnings results for major waste and recycling companies in 2025

    Catch up with the latest results from WM, Waste Connections, Casella, Republic Services, Clean Harbors and GFL Environmental.

    By Waste Dive Staff • Updated Feb. 20, 2026
  • Waste Connections truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    Waste Connections previews AI, RNG investments for 2026

    During a Q4 earnings call, executives highlighted about $330 million in acquired annualized revenue from 19 acquisitions in 2025. CEO Ron Mittelstaedt previewed AI projects for routing and customer experience.

    By Feb. 12, 2026
  • The GFL Environmental logo decal on the door of a large garbage truck
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    Jacob Wallace/Waste Dive
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    GFL details headquarters move, EPR and RNG plans

    The company is officially relocating its headquarters to Miami Beach, but will maintain its presence in Canada. The company reported strong underlying business but foreign currency translation headwinds to end 2025.

    By Feb. 12, 2026
  • A worker rolls a trash cart to a trash truck on the street
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    Megan Quinn/Waste Dive
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    WM to acquire Waste Resources in California

    The company, which offers residential and commercial hauling in parts of Southern California, has franchise agreements in several cities that have provided approval to change contracts over to WM service.

    By Feb. 6, 2026
  • Two collection bins with the Ecowaste Solutions logo
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    Permission granted by Ecowaste Solutions
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    Newly formed Ecowaste Solutions looks to double size in 3 years

    The company just announced its third acquisition, less than a month into its existence. Kinderhook Industries Managing Director Rob Michalik said Ecowaste will expand rapidly in the South.

    By Updated Feb. 6, 2026
  • View of a main road through a town with mostly two- and three-story brick buildings on a sunny day. A "Welcome to Downtown Lawrence" sign is visible in a public plaza.
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    The image by Ian Ballinger is licensed under CC BY-SA 4.0
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    Republic Services acquiring Hamm landfill and MRF in Kansas

    The landfill has served Kansas’ sixth-largest municipality for decades. The MRF began accepting waste in 2015 and was an early adopter of Stadler technology.

    By Feb. 4, 2026
  • A circular sign hanging above a booth at a trade show reads "Routeware."
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    Permission granted by Routeware
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    Routeware’s new CEO discusses fleet tech company’s strategy

    Routeware has served the waste industry since 2000. But with new leadership comes an opportunity to refocus on the fundamentals, CEO Jeremy Collins told Waste Dive.

    By Feb. 2, 2026
  • A row of garbage trucks are lined up and parked.
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    The image by Kris Arnold is licensed under CC BY-SA 2.0
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    The 2026 outlook for the waste and recycling industry

    Economic and policy shifts could impact waste and recycling business in 2026, including M&A deals, state recycling legislation, and regulations for PFAS and landfills.

    By Waste Dive Staff • Jan. 30, 2026
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    Getty Images
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    Deep Dive

    Is a better economy a worse environment for waste M&A?

    The industry has become a safe harbor for investors seeking stable returns over the last five years. But as it matures, sellers are getting larger and buyers are getting hungrier.

    By Jan. 30, 2026
  • Bales of recycled paper sit in a MRF
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    Megan Quinn/Waste Dive
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    WM signals optimism in Q4 despite healthcare solutions integration

    WM CEO Jim Fish says sustainability investments paid off in 2025, with six more RNG projects and four recycling projects due in 2026. Improvements to its Stericycle integration should help margins.

    By Jan. 29, 2026
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    Permission granted by LRS
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    GFL Environmental, LRS swap assets in Arkansas and Indiana

    The deal strengthens the companies' respective footprints in each state. LRS is deepening its Indiana ties after securing an Indianapolis collection contract, while GFL is acquiring a C&D landfill.

    By Jan. 13, 2026
  • Advanced Disposal Services truck with helper on back
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    Courtesy of Advanced Disposal Services
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    WM’s $30M lawsuit over ADS deal reaches final approval stage

    The lawsuit alleges that WM misled investors over the timeline and details of its 2020 acquisition of Advanced Disposal Systems. The court issued a final settlement approval order in December.

    By Jan. 9, 2026
  • Stacks of colorful crushed can bales sit in a warehouse. There are two metal wire spools in front of them.
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    Alamy
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    5 themes that could shape waste and recycling in 2026

    Macroeconomic trends, including cooling inflation and continued commodity headwinds, are expected to impact the industry. Regulations, especially around PFAS, EPR and landfills, will also play a role in the coming year.

    By , Jan. 8, 2026
  • A person wearing a hazmat suit stands on top of and dips a probe into a large metal tank.
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    Permission granted by Arcwood Environmental
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    Arcwood Environmental acquires MXI Environmental Services

    The deal is Arcwood’s third in six months and represents another acquisition that expands the company’s geographic reach.

    By Jan. 7, 2026
  • A bright green GFL (Green For Life) garbage truck is driving down a city street, passing a crosswalk. The truck has the GFL logo with a leaf design and website URL “www.gflenv.com” on the side. Office buildings and pedestrians are visible in the background.
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    Alamy
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    2025’s notable waste and recycling acquisitions

    The year saw notable deal announcements involving GFL Environmental, Veolia, Enviri, WM, Republic Services, Waste Connections, Casella Waste Systems, FCC Environmental Services, LRS and more.

    By Dec. 23, 2025
  • Rear view of a waste collection vehicle, with the word "caution," next to empty collection carts.
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    Getty Images
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    By the numbers: What impacted waste and recycling in 2025

    Take a look back at the year's notable data points on policy, regulation, labor, recycling trends and more.

    By , , Dec. 23, 2025
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    Permission granted by Filco Carting
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    Interstate Waste Services buys Filco Carting, expanding NYC zone presence

    Filco was one of the larger remaining independent waste haulers in New York, where it received four commercial waste zone contracts. The company also has municipal contracts in New Jersey.

    By Dec. 1, 2025
  • A Waste Connections dumpster on the right, New York City streetscape on the left
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    Cole Rosengren/Waste Dive
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    Deep Dive

    Inside the first year of NYC’s historic commercial waste reform plan

    The franchise zone shift has yielded operational efficiencies and safety improvements. Meanwhile, NWRA sued the city, carters are paying millions in fines and advocates hope Mayor-elect Mamdani will speed up the rollout.

    By Nov. 26, 2025
  • A commercial dumpster sits on the sidewalk next to a busy avenue with a taxi. The dumpster bears the "Action Environmental" logo.
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    Jacob Wallace/Waste Dive
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    IWS and Waste Connections buy up NYC market amid commercial waste shift

    The two companies are buying assets and routes from competitors throughout the city, including the recent purchase of a Queens transfer station, with more to come.

    By Nov. 25, 2025
  • Veolia's Gum Springs, Arkansas, hazardous waste complex
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    Courtesy of Veolia North America
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    Veolia to acquire Enviri’s Clean Earth for $3B

    The deal will help double Veolia’s U.S. footprint in the hazardous waste space. Enviri will also spin out Harsco Environmental and Harsco Rail into a new company.

    By , Updated Nov. 21, 2025
  • A low-slung concrete building with a smokestack in the back pictured from across a pond. Palm trees line the front of the building.
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    Permission granted by Win Waste Innovations
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    FCC looks to build on US incinerator presence

    The North American branch of Spanish waste company FCC has made strides this year to bring its waste-to-energy expertise to Florida. Its new WTE lead told Waste Dive the company is eager to expand further.

    By Nov. 18, 2025