Mergers and Acquisitions


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    Sliveoak via Getty Images

    Tracking the waste and recycling industry's 2021 M&A boom

    U.S. acquisition spending could reach historic levels this year. Washington-based DTG Recycle has reported a new C&D acquisition. This follows recent deals involving Covanta and EC Waste.

    By Updated Dec. 2, 2021
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    Katie Pyzyk/Waste Dive

    Corporate Growth Conference: Navigating modern M&A involves more partners than ever before

    Speakers at last week's Chicago event, including former CEOs who've sold companies to GFL and Waste Management, highlighted the evolution of deal logistics over the years, including the growing role of private equity.

    By Nov. 10, 2021
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    Justin Sullivan via Getty Images
    Opinion

    The dirty truth about the waste industry's 'labor shortage'

    Chuck Stiles, director of the Solid Waste and Recycling Division of the Teamsters union, says the industry's issue with recruiting and retaining workers comes down to insufficient wages, benefits and respect.

    By Chuck Stiles • Nov. 9, 2021
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    Cole Rosengren/Waste Dive
    GFL 2021 earnings

    GFL Environmental on track to close 40 acquisitions this year, ramping up RNG and MRF projects

    Having acquired assets worth an estimated C$735 million in annual revenue to date, GFL intends to keep up its pace for the foreseeable future and raised 2021 guidance.

    By Nov. 4, 2021
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    Cole Rosengren/Waste Dive

    2021 earnings coverage: GFL Environmental

    In its second year as a public company GFL continued an aggressive expansion pace throughout North America, including multiple large acquisitions such as Terrapure and PDC.

    By Waste Dive Team • Updated Nov. 4, 2021
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    Win McNamee via Getty Images

    Tracking the industry: US waste and recycling info hub

    Keep up on some of the most essential developments around M&A, ESG pledges, federal and state policy, PFAS regulations, quarterly earnings results and more with Waste Dive's unique trackers and ongoing in-depth coverage.

    By Waste Dive Team • Updated Nov. 23, 2021
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    Cole Rosengren/Waste Dive

    2021 earnings coverage for US waste and recycling companies

    Catch up on Waste Dive's quarterly analysis of results from Waste Management, Republic Services, Waste Connections, GFL Environmental and others during 2021.

    By Waste Dive Team • Nov. 1, 2021
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    Cole Rosengren/Waste Dive

    2021 earnings coverage: Waste Connections

    For the industry's third-largest company, 2021 has continued a trend of heightened M&A activity, new ESG investments and ongoing pandemic recovery in multiple markets.

    By Waste Dive Team • Nov. 1, 2021
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    Courtesy of Republic Services

    2021 earnings coverage: Republic Services

    Amid a leadership transition in 2021, the industry's second-largest player has ramped up spending related to ESG efforts and M&A, including the acquisition of Santek Waste Services and ACV Enviro.

    By Waste Dive Team • Nov. 1, 2021
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    Courtesy of Waste Management

    2021 earnings coverage: Waste Management

    The North American industry's largest company has been focused on integrating Advanced Disposal Services, ramping up recycling investments and maneuvering through pandemic effects throughout the year.

    By Waste Dive Team • Nov. 1, 2021
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    Courtesy of Waste Management

    Q3 earnings: A complex economic recovery continues, with M&A spending on the rise

    Inflation and labor were also cited as notable challenges during recent reports. Catch up on our takeaways from key public companies.

    By Waste Dive Team • Updated Nov. 4, 2021
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    Courtesy of Republic Services
    RSG 2021 earnings

    Republic Services M&A spending on track to top $1B in 2021, highest in over a decade

    The company is also making investments in landfill gas projects and expanding its environmental solutions business as it caps off a quarter that saw some volumes exceed pre-pandemic levels.

    By Oct. 29, 2021
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    Cole Rosengren/Waste Dive
    WCN 2021 earnings

    Waste Connections acquisitions worth $240M in revenue through Q3, at least $100M more anticipated

    The company upped its outlook thanks to economic recovery trends and M&A but reported inflationary pressures. CEO Worthing Jackman also described potential vaccine mandates as a notable labor headwind.

    By Oct. 28, 2021
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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
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    Permission granted by Waste Pro
    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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    Permission granted by LRS

    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. 1, 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. 1, 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 have included pending tax changes, more expensive environmental standards and pandemic fatigue. Stay up to date with our original reporting and insight on key deals.

    By The Waste Dive Team • Updated Nov. 30, 2021
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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
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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. 9, 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. 2, 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
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    Octavio Jones via Getty Images
    WCN 2021 earnings

    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. 5, 2021