Mergers and Acquisitions
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Rubicon names new CFO and board members, hints at pending sale
Rubicon’s new CFO, Eric Bauer, comes from Circulus, where a Rubicon board member serves as CEO. The company also sold $20 million in preferred equity to Rodina Capital, an entity affiliated with Rubicon’s majority shareholder.
By Jacob Wallace • Dec. 11, 2024 -
Major waste companies spent $1.45B on Q3 M&A, up from modest Q2
Waste Connections spent the most in Q3 and is on track for an annual company record in 2024, while North American industry peers reported plans to focus on tuck-ins or ease off major spending.
By Megan Quinn , Jacob Wallace • Nov. 11, 2024 -
GFL forecasts at least $4.3B from environmental services sale, announces new COO
The company says solid waste volumes are on track to improve through the end of the year. It’s also showing progress on reducing debt and expects to ramp up M&A spending in 2025.
By Jacob Wallace • Nov. 7, 2024 -
WM-Stericycle acquisition
WM completes $7.2B Stericycle deal, takes leading position in medical waste market
Stericycle’s medical and document destruction assets now reside under WM's Healthcare Solutions division. While WM tried to grow in this market under prior leadership it often ran into stiff competition from Stericycle.
By Cole Rosengren , Megan Quinn • Nov. 4, 2024 -
WM-Stericycle acquisition
Stericycle reports steady Q3 results, receives final regulatory approval for WM sale
Stericycle reported “revenue challenges” with some customers, as well as hurricane effects, in its latest results. The company also disclosed the price of its pending asset sale to Urbaser in Spain and Portugal.
By Cole Rosengren • Nov. 1, 2024 -
Casella reports ‘mixed’ quarter with notable revenue but unexpected expenses
The company reported over $400 million in revenue for the quarter, which was a first. But unexpected insurance and landfill closure payments, as well as lower landfill tonnage, caused headwinds.
By Megan Quinn • Oct. 31, 2024 -
Rail business drags on Enviri’s Q3, while Clean Earth remains strong
The company’s rail business continued to drag on cash flow, but CEO Nick Grasberger said he expects that segment to turn around by the end of next year.
By Jacob Wallace • Oct. 31, 2024 -
Q3 earnings results for major waste and recycling companies in 2024
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella, Clean Harbors and Enviri.
By Waste Dive Staff • Updated Nov. 12, 2024 -
Republic Services reports continued pricing growth, advancements on RNG and EV plans
The company reported capital expenditures were on pace for polymer centers, renewable natural gas facilities and electric trucks. Executives also discussed ongoing efforts to push pricing in the environmental solutions segment.
By Jacob Wallace • Oct. 30, 2024 -
WM reports strong Q3, says Stericycle synergies estimate was ‘conservative’
WM noted solid collection and disposal activity, higher commodity prices and continued RNG and recycling project completion during Q3. It’s on track to complete its acquisition of Stericycle in Q4.
By Megan Quinn • Oct. 29, 2024 -
Coastal Waste buys Florida’s Southwest Waste in notable C&D deal
This is the largest transaction to date for Macquarie-backed Coastal. Southwest, founded by Charles Lomangino in 2021, operates multiple facilities throughout western Florida.
By Cole Rosengren • Oct. 28, 2024 -
Waste Connections reports record M&A activity, sees good momentum into 2025
CEO Ron Mittelstaedt confirmed the company expects to close between 30 to 35 deals this year, with $700 million in revenue acquired so far. Waste Connections also raised its 2024 guidance and previewed 2025.
By Megan Quinn • Oct. 24, 2024 -
WM-Stericycle acquisition
Urbaser to acquire Stericycle’s assets in Spain, Portugal
The deal comes as WM is still set to acquire Stericycle in the coming months. A Canadian antitrust review is still pending.
By Megan Quinn • Oct. 14, 2024 -
NYC market continues to consolidate, leading to new questions for waste zone system
Waste Connections’ purchase of a fellow awardee has left potential openings for competitors after it exceeded a 15-zone threshold. Meanwhile, Interstate Waste is buying up haulers, and others could become subcontractors.
By Cole Rosengren • Oct. 7, 2024 -
Reworld to get new minority owner as EQT strikes deal with GIC
The transaction would increase the stake of investor GIC, which manages the Singaporean sovereign wealth fund. It would also infuse Reworld’s growth plans with fresh capital, executives said.
By Jacob Wallace • Oct. 2, 2024 -
Notable waste and recycling conferences in 2025
The C&D World Conference & Exhibition and EREF Summit on Landfill Emissions are the latest industry events to add dates for 2025.
By Waste Dive Staff • Updated 5 hours ago -
Waste Connections buys NYC company in first major deal after zone contracts
Royal Waste Services, one of the city’s larger privately owned haulers, has key post-collection facilities. This comes as companies begin implementing service in the city’s first commercial waste zone this month.
By Cole Rosengren • Sept. 10, 2024 -
Casella expanding in New York and Connecticut with latest acquisition
The family-owned businesses, Royal Carting and Welsh Sanitation, are expected to generate over $90 million in annualized revenues.
By Megan Quinn • Sept. 9, 2024 -
Clean Harbors nears $5M agreement with DOJ to clean up Louisiana site contaminated with PCBs
The agreement, subject to final court approval, would see Clean Harbors conduct remediation work at a site first opened in 1969. Clean Harbors gained control of the site from Safety-Kleen in 2002.
By Jacob Wallace • Aug. 29, 2024 -
Routeware acquires recently spun-off Rubicon fleet tech business
The transaction expands the services Routeware can provide to clients, especially large municipal fleets, CEO Paul Rafalowski said in an interview.
By Jacob Wallace • Aug. 28, 2024 -
Rubicon required to initiate sale process after it sold fleet technology business
Following the initial transaction in May, Rubicon entered an agreement with lenders to pursue a take-private plan for the whole company within 10 months.
By Jacob Wallace • Aug. 22, 2024 -
Interstate Waste Services acquires New York hauler Marangi Disposal
The deal nearly doubles IWS’ presence in upstate New York, including in the county where it was founded. Marangi adds 50 collection vehicles to IWS’ growing fleet.
By Jacob Wallace • Aug. 20, 2024 -
WM-Stericycle acquisition
Stericycle’s $7.2B sale to WM clears DOJ antitrust review
This development follows shareholder approval in August and clears the way for the transaction to potentially close in Q4. A prior securities filing shows that Stericycle had been considering a transaction for years.
By Megan Quinn , Cole Rosengren • Updated Sept. 6, 2024 -
EQT to acquire majority stake in AMCS, expanding its waste and recycling footprint
AMCS serves customers in 80 countries with a suite of services that includes payment software, route optimization and AI overfill detection. EQT indicated plans for growth following the deal’s close.
By Jacob Wallace • Aug. 14, 2024 -
Top waste companies spent $835M on Q2 M&A, forecast more to come this year
WM, Waste Connections and GFL Environmental reported notable transactions during the period, while others were less active. Casella’s Q3 totals are expected to be higher due to deals that closed this summer.
By Cole Rosengren , Megan Quinn • Aug. 6, 2024