Mergers and Acquisitions


  • Aerial view of a composting facility
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    Permission granted by Convertus
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    Canadian organics processor kick-starts U.S. 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
  • Gray and green garbage cans overfilled with domestic refuse Explore the Trendline
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    Miravision via Getty Images
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    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
  • 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
  • A garbage truck with Sanitation Service Inc., branding and a logo drives down a street in front of a blossoming tree.
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    Retrieved from Sanitation Service, Inc. on February 26, 2024
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    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 Feb. 26, 2024
  • Waste truck collecting container
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    photovs via Getty Images
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    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 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’ 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 Feb. 22, 2024
  • GFL Environmental truck at Waste Expo
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    Cole Rosengren/Waste Dive
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    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 Feb. 21, 2024
  • Conveyor belt with plastic is sorted by machinery
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    Cole Rosengren/Waste Dive
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    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 Feb. 16, 2024
  • Waste Connections truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    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 Feb. 14, 2024
  • WM trucks
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    Permission granted by WM
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    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 Feb. 13, 2024
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    Sean Pavone via Getty Images
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    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 Feb. 13, 2024
  • An Interstate Waste Services truck in front of a business
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    Courtesy of Interstate Waste Services
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    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 Feb. 12, 2024
  • Man pushing a cart in industrial facility, next to machinery with recyclables
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    Spencer Platt via Getty Images
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    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 Feb. 5, 2024
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    WendellandCarolyn via Getty Images
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    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
  • Industrial building with numerous pipes and components for processing biogas
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    Courtesy of Archaea Energy
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    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 Jan. 22, 2024
  • Bales of plastic go down a conveyor belt at Republic's Las Vegas Polymer Center
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    Courtesy of Republic Services
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    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 , , Jan. 5, 2024
  • Front load truck collecting a container
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    photovs via Getty Images
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    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 , , Dec. 22, 2023
  • Central Texas Refuse collection truck
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    Permission granted by James Wallington, Central Texas Refuse
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    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 Dec. 21, 2023
  • Aerial view of a Midwest Fiber Recycling facility
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    Courtesy of Closed Loop Partners
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    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 Dec. 17, 2023
  • Aerial view of a Heritage Environmental Services waste facility
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    Courtesy of EQT
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    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 Updated Dec. 13, 2023