Mergers and Acquisitions


  • A Republic Services truck sits at a work site behind a chain link fence in Somerville, Mass.
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    Cole Rosengren/Waste Dive
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    Environmental services segment still has plenty of M&A runway

    Republic Services, Clean Harbors, Crystal Clean, Reworld and other companies have been very active with M&A in recent years. Here’s why analysts and executives expect that to continue.

    By June 13, 2024
  • Several people sit at a raised wooden desk behind a U.S. and New York state flag. Facing them are another row of people dressed in suits.
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    Jacob Wallace/Waste Dive
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    NYC officials spotlight commercial waste zone selection, pricing and M&A

    A tense council hearing elicited more context about how the Department of Sanitation selected companies for coveted 10-year contracts but little new information on implementation timing beyond the first zone.

    By June 7, 2024
  • Green GFL Environmental truck
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    Jacob Wallace/Waste Dive
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    GFL Environmental entertaining offers to sell some or all of its business

    The company may be favoring an offer for its environmental services division, according to investment firm Stifel. GFL executives have previously expressed frustration with their experience as a publicly traded company.

    By June 6, 2024
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    Brandon Bell via Getty Images
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    WM CEO says medical business growth makes Stericycle deal an attractive fit

    During the Stifel Cross Sector Insight Conference, WM executives shared more insight about how Stericycle’s positioning in the medical waste and recycled paper markets aligns well with their long-term plans.

    By June 6, 2024
  • A truck with Stericycle branding sits among cars on the road with a tall office building behind it.
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    Jacob Wallace/Waste Dive
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    WM to acquire Stericycle in $7.2B deal

    WM sees the acquisition as a way to capitalize on anticipated growth in the healthcare waste sector and position itself as a “single, trusted provider” for numerous waste services.

    By June 3, 2024
  • White Apex Waste Solutions truck on a residential street
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    Retrieved from Apex Waste Solutions on May 20, 2024
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    Apex Waste Solutions aims to scale in consolidated Colorado market

    Apex launched with a goal of offering independent service after larger companies bought out many local haulers. Now, with private equity backing from Kinderhook, the company is growing quickly through its own purchases.

    By May 20, 2024
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    Courtesy of Casella Waste Systems
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    Q&A

    Casella president outlines growth plans for mid-Atlantic and other priorities

    Ned Coletta, roughly six months into his role as president, is working on multiple aspects of the company’s strategy. He recently shared updates on disposal capacity, PFAS treatment, RNG projects, training and more.

    By May 16, 2024
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    Megan Quinn/Waste Dive
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    Q&A

    Waste Pro leaders talk employee training and growth plans in the Southeast

    CEO Sean Jennings and COO Keith Banasiak say offerings like CDL and technician schools, plus a focus on customer service and selective acquisitions, could help them hit the $2 billion revenue mark in a few years. 

    By May 14, 2024
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    Rubicon
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    Rubicon exits software, city business in deal with major shareholders

    CEO Phil Rodoni said the deal gives Rubicon “financial agility” at a time when it has struggled to remain profitable.

    By May 7, 2024
  • Waste Connections and GFL Environmental trucks outside of the Las Vegas Convention Center at WasteExpo 2022.
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    Megan Quinn/Waste Dive
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    Public waste companies spent nearly $1.3B on M&A in Q1, but deals were few

    Waste Connections led the group with multiple notable transactions, including a large E&P waste purchase, but other companies had a more muted start to the year.

    By May 6, 2024
  • Harsco employee
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    Permission granted by Clean Earth/Harsco Corporation
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    Enviri pauses Harsco rail sale plans but reports positive outlook for Q1

    Enviri executives focused on cost savings and improved debt leverage as the company reconsolidates rail assets, which it had trouble selling despite interest from buyers. 

    By May 2, 2024
  • GFL Environmental truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    GFL eyes new opportunities in Canada amid improving cash outlook

    Revenues outperformed expectations and costs improved in the first quarter of the year, executives said, leading to an updated outlook for the company for the full year.

    By May 2, 2024
  • 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 announces Noble Oil acquisition, ‘stronger than expected’ Q1

    Clean Harbors is also in the process of integrating its recent HEPACO acquisition, and its Safety-Kleen segment will soon partner with Castrol on a recycled lubricant partnership.

    By May 2, 2024
  • Republic Services truck tipping load of recyclables
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    Courtesy of Republic Services
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    Republic announces progress on polymer centers, growth from M&A in Q1

    The company reported another quarter of revenue growth, thanks in part to rising commodity prices and recycling investments yielding results.

    By May 1, 2024
  • Overhead view of a truck collecting waste
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    Audley C Bullock via Getty Images
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    Q1 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 May 6, 2024
  • Casella's Mack LR Electric truck
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    Courtesy of Casella Waste Systems
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    Casella highlights pricing growth, infrastructure project progress in Q1

    The Northeastern company detailed plans for fleet optimization, M&A positioning and major mid-2024 facility projects related to rail and RNG improvements.

    By April 26, 2024
  • Waste Connections truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    Waste Connections seeing labor retention improvements as it eyes ‘record’ M&A year

    The company reported better-than-expected revenue for a quarter which included a sizable acquisition in Indiana. CEO Ron Mittelstaedt also shared updated thoughts on how PFAS regulations will affect the sector.

    By April 25, 2024
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    Permission granted by Convertus
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    Canadian organics processor kick-starts US expansion with Virginia deal

    Convertus primarily has been expanding in Canada since it was formed via a private-equity backed merger. Now it’s eyeing several U.S. markets for expansion.

    By April 18, 2024
  • A white Stericycle truck is parked on the street
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    Megan Quinn/Waste Dive
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    Q&A

    Stericycle executive talks sustainability, long-term efficiency plans

    Cory White, Stericycle’s chief commercial officer, says data insights and customer demand are driving the company’s long-term sustainability strategy, including through fleet optimization, recycling and other efficiencies.

    By April 16, 2024
  • workers walk by bales of aluminum cans at a recycling facility
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    Courtesy of LRS
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    LRS hires more C-suite execs as company refocuses under new leadership

    LRS also underwent a recent round of layoffs, citing "ongoing integration efforts." The changes come after the Macquarie-backed company completed restructuring plans following a period of rapid growth through acquisitions.

    By April 4, 2024
  • Green GFL Environmental truck
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    Jacob Wallace/Waste Dive
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    GFL acquires sizable Florida C&D company Angelo’s Recycled Materials

    The family-run operation includes a C&D landfill and multiple locations. GFL Environmental CEO Patrick Dovigi previously said the deal would constitute about half of the company’s spending on M&A for the year.

    By Updated April 4, 2024
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    Jon Cherry via Getty Images
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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 March 15, 2024
  • Republic Services truck driving outside of WasteExpo 2021 in Las Vegas, Nevada
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    Cole Rosengren/Waste Dive
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    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 March 5, 2024
  • A Republic Services truck and dumpster.
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    Courtesy of Republic Services
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    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 Feb. 28, 2024
  • A Waste Connections collection truck is parked in front of the Las Vegas Convention Center
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    Megan Quinn/Waste Dive
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    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 Feb. 26, 2024