Mergers and Acquisitions
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Major Rubicon shareholder looks to take the company private
Shareholder Jose Miguel Enrich proposed acquiring the company for the price of its outstanding shares, which have been trading below $1 since February.
By Jacob Wallace • March 15, 2024 -
Largest public waste companies spent an estimated $4.2B on M&A in 2023
Spending by WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems didn’t surpass recent records, but the companies still did dozens of deals throughout the U.S. and Canada.
By Cole Rosengren • March 5, 2024 -
Trendline
The Waste Dive Outlook on 2022
Get up to speed on what may be coming next around M&A, labor solutions, ESG investment trends, federal regulation, state policy, environmental justice, local programs and more.
By Waste Dive staff -
RSG 2023 earnings
Republic reports strong core business growth in 2023, eyes new opportunities in 2024
The company surpassed its full-year guidance as core pricing and average yield increased in the fourth quarter. Republic expects additional opportunities, including those related to PFAS, to fuel growth in 2024.
By Jacob Wallace • Feb. 28, 2024 -
Waste Connections acquires assets from Waste-Away Group in Indiana
The deal expands Waste Connections’ presence into the state. Waste-Away is a third-generation family business that offers collection, recycling and document destruction services in Elkhart and the surrounding areas.
By Megan Quinn • Feb. 26, 2024 -
Rumpke expands into Illinois with acquisition of landfill and hauling company
Sanitation Service was a family-owned operation for more than 60 years. The company cited changes in landfill liability laws and the business environment as part of its motivation to sell to Rumpke.
By Jacob Wallace • Feb. 26, 2024 -
Q4 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Enviri and Stericycle.
By Waste Dive Staff • Updated March 6, 2024 -
Clean Harbors’ environmental services segment continues hot streak to end 2023
The company projects another year of growth for its environmental services segment in 2024 thanks to capital investments and acquisitions. It’s also making changes to boost its struggling Safety-Kleen business.
By Jacob Wallace • Feb. 22, 2024 -
GFL 2023 earnings
GFL posts record solid waste pricing, sees expansion opportunities through EPR and M&A
Continued strong pricing, combined with volume shedding of subpar contracts, contributed to margin expansion in solid waste. That trend combines with other tailwinds as GFL continues to improve its debt.
By Jacob Wallace • Feb. 21, 2024 -
CWST 2023 earnings
Casella says acquisition activity, safety improvements marked an ‘exceptional’ year
Casella touted a successful year from numerous acquisitions and operational improvements. Executives previewed further infrastructure upgrades at the Willimantic recycling facility, plus a $800M acquisition pipeline for 2024.
By Megan Quinn • Feb. 16, 2024 -
WCN 2023 earnings
Waste Connections highlights ‘disciplined execution’ for Q4 and recovering labor trends
CEO Ron Mittelstaedt characterized 2023 as a “year of renewal” and applauded strong acquisition activity and improved safety and retention.
By Megan Quinn • Feb. 14, 2024 -
WM 2023 earnings
WM touts sustainability spending, ‘strong’ operations growth to wrap up Q4
Executives credited price and cost-saving measures for Q4 earnings growth and said the company will invest up to $2.9B in its recycling and renewable energy platforms through 2026.
By Megan Quinn • Feb. 13, 2024 -
Deep Dive
Who came out on top with New York commercial waste zone contracts?
The 65 contracts recently awarded to provide service in the five boroughs effectively reset the market. Major companies such as Action Environmental and Waste Connections did well; others are left with tough choices.
By Cole Rosengren • Feb. 13, 2024 -
Interstate Waste Services acquiring Oak Ridge in regional expansion
The transaction marks the first sizable purchase since New Jersey-based IWS was recapitalized last year. Oak Ridge Waste & Recycling’s assets cover multiple markets in Connecticut and New York.
By Cole Rosengren • Feb. 12, 2024 -
Q&A
Balcones Recycling leaders tout strong MRF network, municipal contract foundation
Tom Outerbridge and Adam Vehik say the merger between Sims Municipal Recycling and Balcones Resources has strengthened recycling operations and set the table for future growth.
By Megan Quinn • Feb. 5, 2024 -
The waste and recycling industry outlook for 2024
Recycling policy, PFAS regulations, landfill methane, organics infrastructure and M&A are all expected to be key topics for the year ahead.
By Waste Dive Staff • Jan. 29, 2024 -
Deep Dive
RNG industry expects voluntary agreements, new credits to spur growth in 2024
The renewable natural gas industry saw more than 60 projects come online last year. This year, it’s expecting to build on that growth as the industry matures.
By Jacob Wallace • Jan. 22, 2024 -
5 waste and recycling trends to watch in 2024
The evolving M&A market, the rise of EPR, pending PFAS regulations, renewable natural gas and methane reduction are some of the biggest issues facing the industry this year.
By Jacob Wallace , Megan Quinn , Cole Rosengren • Jan. 5, 2024 -
By the numbers: Key 2023 waste and recycling trends
Look back on the year through data points on issues such as labor, M&A, federal funding, state policy and commodity pricing.
By Jacob Wallace , Megan Quinn , Cole Rosengren • Dec. 22, 2023 -
Republic Services returns to Austin, Texas, market in deal with Integrated Waste Solutions Group
Eight years after the permit for its Sunset Hills Landfill expired, Republic now owns the recently opened 130 Environmental Park Landfill and one of the last independent haulers in the Austin market, Central Texas Refuse.
By Jacob Wallace • Dec. 21, 2023 -
Circular Services acquires Midwest Fiber, including 5 recycling facilities
Balcones Recycling, part of Closed Loop Partners’ Circular Services platform, will manage the operation. Midwest, a family-owned company, had scaled to include collection and processing operations in multiple states.
By Megan Quinn • Dec. 17, 2023 -
Heritage Environmental Services selling majority stake to EQT Infrastructure
The Indiana-based environmental services company provides a range of options for hazardous and non-hazardous waste, including at multiple disposal sites. This follows Sweden-based EQT’s recent investment in Covanta.
By Cole Rosengren • Updated Dec. 13, 2023 -
Waste Connections acquiring 30 Canadian E&P facilities from Secure Energy Services
The deal includes numerous oil and gas landfills, injection wells and treatment and disposal facilities. The Canadian government required Secure to divest these assets following its merger with Tervita.
By Megan Quinn • Dec. 11, 2023 -
What’s next for Hainesport Transportation Group, including Michigan rail project
CEO Darryl Caplan and investment partner Dickson Suit lay out their strategy for how the New Jersey-based company is ramping up its position to transfer more C&D volumes out of the disposal-constrained Northeast.
By Cole Rosengren • Dec. 7, 2023 -
Republic Services acquires Indiana hauler, transfer station operator
Wallace Bros. Disposal & Recycling had been a family-run operation since 1996. The transaction is one of multiple to occur in the region in recent years.
By Cole Rosengren • Dec. 5, 2023 -
Deep Dive
Has the waste and recycling industry’s multiyear M&A boom peaked?
Experts from Stifel, Houlihan Lokey, Comerica Bank, Raymond James, Waste Connections and others weigh in on the latest trends involving valuations, private equity, environmental services, antitrust and more.
By Cole Rosengren • Nov. 27, 2023