Mergers and Acquisitions


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    Cole Rosengren/Waste Dive
    WM 2021 earnings

    Waste Management sees path to offset 'acute' inflation, labor turbulence through pricing and automation

    The company raised revenue guidance again but faced a challenging quarter. During one recent week an estimated 900 employees were out due to COVID-19 at the same time as volumes increased due to the economic rebound.

    By Oct. 26, 2021
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    Waseem Farooq. (2018). "Business meeting" [Photo]. Retrieved from pxhere.

    M&A hit 'historic highs' amid the talent crunch. How are HR teams coping?

    Acquiring employers are being asked a key question from their workers, one executive told HR Dive: "Is my company showing up for me?"

    By Ryan Golden • Oct. 21, 2021
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    Permission granted by BYD

    Macquarie acquiring large stakes in GreenWaste and Zanker in its first California waste deal

    GreenWaste and partner company Zanker Recycling's northern California operations include multiple organics recycling facilities. Moody's Investors Service estimates operations are generating $325 million in annual revenue.

    By UPDATED: Oct. 15, 2021 at 9:35 a.m.
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    Q&A

    Waste Pro execs, on their way to $900M in revenue, outline multiyear Southeast growth strategy

    While other family-led operations are selling this year, this Florida-based company says it's here to stay. CEO Sean Jennings and COO Keith Banasiak share their outlook on M&A, labor, municipal relations and more.

    By Oct. 11, 2021
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    LRS acquires numerous Midwest assets from GFL, including Advanced divestitures

    The recently closed deal contains substantial collection and hauling business in Illinois, including the Chicago area, as well as assets in Minnesota. The deal is the largest for LRS to date.

    By Oct. 01, 2021
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    Permission granted by PDC

    GFL Environmental expands Midwest footprint with PDC acquisition

    Today's purchase of Peoria Disposal marks the transfer of a 93-plus-year family business that provides GFL with a sizable, vertically-integrated waste and recycling platform in Illinois and Missouri.

    By Oct. 01, 2021
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    Spencer Platt via Getty Images

    2021 highlights from the waste and recycling industry's M&A bonanza

    In a major year of acquisition activity, catalysts include pending tax changes, more expensive environmental standards and pandemic fatigue. Stay up to date with our original reporting and insight on key deals.

    By Waste Dive Team • UPDATED: Oct. 13, 2021 at 11:01 a.m.
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    Retrieved from Flickr.

    Archaea Energy merger completed, setting up major landfill RNG producer

    Archaea and Aria Energy have joined forces in a deal led by a special purpose acquisition company, signaling that the waste industry sees increasingly lucrative potential in high-Btu landfill gas projects.

    By UPDATED: Sept. 16, 2021 at 11:25 a.m.
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    Permission granted by Lakeshore Recycling Systems

    Macquarie backs LRS, ramping it up for even more Midwest expansion

    CEO Alan Handley said the company's active M&A pace will accelerate with the new funding. The deal marks an exit by prior investors such as Goldman Sachs and Ironwood Capital.

    By Sept. 09, 2021
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    Courtesy of Republic Services

    Republic Services purchases ACV Enviro for environmental services expansion

    The acquisition of this New Jersey-based operation follows CEO Jon Vander Ark's prior comments about growing the company's environmental services business, including hazardous waste.

    By Sept. 02, 2021
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    Cole Rosengren/Waste Dive

    Waste Connections acquiring E.L. Harvey & Sons in notable New England expansion

    E.L. Harvey, a multigenerational Massachusetts operation, has a large collection fleet along with sizable recycling and transfer facilities. Waste Connections aims to grow the company's annual revenue of $110 million.

    By UPDATED: Sept. 2, 2021 at 10:19 a.m.
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    Octavio Jones via Getty Images

    Waste Connections seeing 'record' seller enthusiasm for M&A, multiple West Coast deals in works

    Like competitors, the company has largely recovered lost pandemic business and is raising prices to stay ahead of wage pressures. To date, 14 acquisitions have closed and many more are in this year's pipeline, leaders said.

    By Aug. 05, 2021
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    Cole Rosengren/Waste Dive

    Casella anticipates further expansion into Connecticut after Willimantic acquisition

    The Northeast company touted "productive conversations" with other potential sellers in the region, and it estimated the McKean Landfill could come online in Pennsylvania by the end of 2022, during its latest earnings call.

    By Aug. 02, 2021
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    Maria Rachal/Waste Dive

    Republic Services Q2: 'no pause' on M&A after Santek, eyeing environmental solutions deals

    The labor shortage and coronavirus pose some uncertainty, the company acknowledged, but it raised guidance based on strong recovery trends. Executives also discussed new landfill gas and recycling opportunities.

    By July 30, 2021
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    Cole Rosengren/Waste Dive

    GFL launches renewable energy platform, forecasts ample M&A opportunities

    While Canada's economic recovery is expected to roll into next year, the company is already seeing pre-pandemic volumes in other areas and big free cash flow gains. A new focus on landfill gas projects may boost that trend.

    By July 29, 2021
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    Permission granted by Noble Environmental

    Noble Environmental acquires GFL landfills, collection assets in Pennsylvania region

    The deal is a major expansion for Noble, one of the state's largest private haulers. GFL acquired the sites as part of the Waste Management-Advanced Disposal divestiture package last year.

    By July 22, 2021
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    Permission granted by Covanta

    Covanta shareholders approve $5.3B deal to go private

    Covanta CEO Michael Ranger previously said the pending sale to Swedish firm EQT Infrastructure "represents an excellent outcome of our strategic review."

    By UPDATED: Oct. 12, 2021 at 4:56 p.m.
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    Retrieved from The White House/YouTube on January 29, 2021

    Biden antitrust push faces steep road

    Although the president and congressional majority are aligned on increasing competition in certain sectors, it's not clear agencies will bring much firepower to the effort.

    By Robert Freedman • July 12, 2021
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    Cole Rosengren/Waste Dive

    Waste CEOs emphasize labor, ESG and M&A as top priorities after pandemic

    Leaders from Waste Management, Republic Services, Waste Connections, GFL Environmental and other groups weighed in on labor solutions, fleet technology and the economy at last week's WasteExpo.

    By July 06, 2021
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    Cole Rosengren/Waste Dive

    Waste companies putting pandemic behind them, anticipate more economic rebound coming

    Outside of Canada, the majority of local economies have reopened and volumes are bouncing back. Catch up on results and takeaways on the first quarter of 2021 from the industry's largest solid waste operators.

    By Waste Dive Team • May 10, 2021
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    Spencer Platt via Getty Images

    Solid waste companies talk disposal pricing, ESG and Biden in Q1 earnings outlooks

    Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems leaders commented on pandemic recovery trends and other pressing topics.

    By May 10, 2021
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    Cole Rosengren/Waste Dive

    GFL Environmental reports positive volume outlook despite Canadian lag, closes 10 acquisitions

    While Canada's pandemic restrictions continue to affect GFL's business, U.S. recovery trends and past acquisitions are providing a boost. Ample M&A opportunity remains due in part to potential tax changes, the company said.

    By May 06, 2021
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    Courtesy of Republic Services

    Republic ups guidance as Santek acquisition is finalized, CEO handoff on horizon

    Even after a long approval process for the just-closed Santek purchase the company is "not deterred" from pursuing larger M&A deals and intends to invest $600 million in acquisitions this year, said incoming CEO Jon Vander Ark.

    By May 06, 2021
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    The image by David Dizon is licensed under CC BY-SA 2.0

    Covanta intends to close multiple plants in coming years, divestitures still possible

    Through its strategic review, the company anticipates $30 million in annual cost savings by 2023 and plans to exit certain operating contracts. Meanwhile, a new U.K. plant will begin receiving waste within weeks.

    By April 30, 2021
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    The image by Eden, Janine and Jim is licensed under CC BY 2.0

    Waste Connections Q1: Landfill volumes 'above pre-COVID levels'

    Amid pandemic recovery, in March the company had its largest hiring levels since September 2019. It reported better commodity pricing and solid waste volumes even in regions hit hardest by COVID-19.

    By April 29, 2021