Mergers and Acquisitions
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City of Greenville, North Carolina. Retrieved from Flickr.
Q2 earnings results for major waste and recycling companies in 2024
Follow the latest results from WM, Republic Services and Waste Connections.
By Waste Dive Staff • July 25, 2024 -
Permission granted by WM
WM highlights M&A ramp-up, investments in recycling and RNG
WM highlighted continued operational efficiencies and receding commodity headwinds as factors powering what executives described as a strong Q2 performance.
By Megan Quinn • July 25, 2024 -
Jacob Wallace/Waste Dive
Waste Connections touts big M&A growth, ramps up rail tons to Arrowhead Landfill
CEO Ron Mittelstaedt said the company is on track for an annual record in private company acquisition spending. He also touted ongoing improvements in employee retention, recycling earnings and energy waste services.
By Cole Rosengren • July 25, 2024 -
Permission granted by Waste Pro
Waste Pro recieves first credit rating from Fitch as it charts long-term growth plans
Fitch noted Waste Pro’s strong presence in the Southeast and its residential and commercial contract stability. Waste Pro sought the new rating as it aims to refinance debt.
By Megan Quinn • July 23, 2024 -
Terex announces $2B deal for Environmental Solutions Group
The deal values Environmental Solutions Group, which includes brands like Heil and Soft-Pak, at 8.4 times its expected earnings for the year. Terex noted expected growth in the refuse vehicle market as one of its motivations.
By Jacob Wallace • Updated July 22, 2024 -
Retrieved from Winters Bros. Waste Systems on July 15, 2024
WM acquires Winters Bros. Waste, a major New York company
Long Island’s largest independent hauler and recycler, which employs more than 500 people, has numerous assets in an area that faces strains from an upcoming reduction in regional disposal capacity.
By Cole Rosengren • Updated July 16, 2024 -
Katie Pyzyk/Waste Dive
LRS receives credit rating downgrades, hires chief revenue officer
Moody’s and S&P both downgraded the Midwest recycler in June due in part to high debt leverage, but they maintained stable outlooks. LRS is searching for a CFO after Luke Chenery returned to Macquarie.
By Megan Quinn • July 9, 2024 -
Retrieved from Apex Waste Solutions on May 20, 2024
Apex Waste grows in Colorado with 2 new deals, including WM sites
The Kinderhook-backed company is now vertically integrated after purchasing landfills and a MRF from Twin Enviro Services. Following these deals, Apex now services an estimated 100,000 customers.
By Cole Rosengren • Updated July 9, 2024 -
Brandon Bell via Getty Images
2024’s notable waste and recycling acquisitions so far
The first six months of the year saw notable deal announcements involving WM, Stericycle, GFL Environmental, Waste Connections, Clean Harbors and more.
By Waste Dive Staff • July 5, 2024 -
Cole Rosengren/Waste Dive
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 Cole Rosengren • June 13, 2024 -
Jacob Wallace/Waste Dive
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 Cole Rosengren • June 7, 2024 -
Jacob Wallace/Waste Dive
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 Jacob Wallace • June 6, 2024 -
Courtesy of Stericycle
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 Megan Quinn • June 6, 2024 -
Jacob Wallace/Waste Dive
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 Megan Quinn • June 3, 2024 -
Retrieved from Apex Waste Solutions on May 20, 2024
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 Cole Rosengren • May 20, 2024 -
Courtesy of Casella Waste Systems
Q&ACasella 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 Megan Quinn • May 16, 2024 -
Megan Quinn/Waste Dive
Q&AWaste 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 Megan Quinn • May 14, 2024 -
Rubicon
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 Jacob Wallace • May 7, 2024 -
Megan Quinn/Waste Dive
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 Cole Rosengren • May 6, 2024 -
Permission granted by Clean Earth/Harsco Corporation
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 Megan Quinn • May 2, 2024 -
Maria Rachal/Waste Dive
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 Jacob Wallace • May 2, 2024 -
The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
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 Megan Quinn • May 2, 2024 -
Courtesy of Republic Services
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 Jacob Wallace • May 1, 2024 -
Audley C Bullock via Getty Images
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 -
Courtesy of Casella Waste Systems
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 Megan Quinn • April 26, 2024
