Mergers and Acquisitions
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Major public waste companies spent nearly $3.3B on M&A in 2025
The combined spending from WM, Republic Services, Waste Connections, GFL Environmental and Casella was down year over year, but that’s largely due to a major deal in 2024.
By Jacob Wallace , Megan Quinn • Feb. 26, 2026 -
Republic Services acquires second Kansas landfill of the year
The C&D landfill owned by Cornejo & Sons builds on another transaction that Republic closed in February. The company plans to continue to spend aggressively on M&A this year.
By Jacob Wallace • Feb. 25, 2026 -
Enviri brings back former CFO and provides Clean Earth update
The company expects the antitrust review period to expire on March 9, after which the sale of Clean Earth to Veolia is expected to move toward closing by mid-year.
By Jacob Wallace • Feb. 24, 2026 -
Retrieved from DTG Recycle on May 16, 2024
Macquarie exits DTG Recycle with sales to founder, Waste Connections
The investment firm purchased the Washington-based C&D company in 2022. Founder Dan Guimont has returned to run the business, with select assets divested to Waste Connections.
By Cole Rosengren • Updated Feb. 24, 2026 -
Casella gives landfill and organics facility updates after strong 2025
In his first earnings call since becoming CEO, Ned Coletta highlighted 2025 acquisitions and offered updates on landfill optimization strategies and an organics facility closure in the Northeast.
By Megan Quinn • Feb. 20, 2026 -
The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
Clean Harbors looks to spend record cash on M&A and internal growth
The company met its guidance for full-year 2025 and looks to act on growth levers. That includes capital investments and M&A, such as a new $130 million deal with Depot Connect International.
By Jacob Wallace • Feb. 18, 2026 -
Republic misses 2025 earnings projections but promotes underlying strength
The company fell short of guidance issued a year ago for revenue, but reported strong free cash flow and a business positioned for growth in environmental services.
By Jacob Wallace • Feb. 18, 2026 -
Q4 earnings results for major waste and recycling companies in 2025
Catch up with the latest results from Enviri, WM, Waste Connections, Casella, Republic Services, Clean Harbors and GFL Environmental.
By Waste Dive Staff • Updated Feb. 24, 2026 -
Waste Connections previews AI, RNG investments for 2026
During a Q4 earnings call, executives highlighted about $330 million in acquired annualized revenue from 19 acquisitions in 2025. CEO Ron Mittelstaedt previewed AI projects for routing and customer experience.
By Megan Quinn • Feb. 12, 2026 -
GFL details headquarters move, EPR and RNG plans
The company is officially relocating its headquarters to Miami Beach, but will maintain its presence in Canada. The company reported strong underlying business but foreign currency translation headwinds to end 2025.
By Jacob Wallace • Feb. 12, 2026 -
WM to acquire Waste Resources in California
The company, which offers residential and commercial hauling in parts of Southern California, has franchise agreements in several cities that have provided approval to change contracts over to WM service.
By Megan Quinn • Feb. 6, 2026 -
Newly formed Ecowaste Solutions looks to double size in 3 years
The company just announced its third acquisition, less than a month into its existence. Kinderhook Industries Managing Director Rob Michalik said Ecowaste will expand rapidly in the South.
By Jacob Wallace • Updated Feb. 6, 2026 -
The image by Ian Ballinger is licensed under CC BY-SA 4.0
Republic Services acquiring Hamm landfill and MRF in Kansas
The landfill has served Kansas’ sixth-largest municipality for decades. The MRF began accepting waste in 2015 and was an early adopter of Stadler technology.
By Jacob Wallace • Feb. 4, 2026 -
Routeware’s new CEO discusses fleet tech company’s strategy
Routeware has served the waste industry since 2000. But with new leadership comes an opportunity to refocus on the fundamentals, CEO Jeremy Collins told Waste Dive.
By Jacob Wallace • Feb. 2, 2026 -
The image by Kris Arnold is licensed under CC BY-SA 2.0
The 2026 outlook for the waste and recycling industry
Economic and policy shifts could impact waste and recycling business in 2026, including M&A deals, state recycling legislation, and regulations for PFAS and landfills.
By Waste Dive Staff • Jan. 30, 2026 -
Deep Dive
Is a better economy a worse environment for waste M&A?
The industry has become a safe harbor for investors seeking stable returns over the last five years. But as it matures, sellers are getting larger and buyers are getting hungrier.
By Jacob Wallace • Jan. 30, 2026 -
WM signals optimism in Q4 despite healthcare solutions integration
WM CEO Jim Fish says sustainability investments paid off in 2025, with six more RNG projects and four recycling projects due in 2026. Improvements to its Stericycle integration should help margins.
By Megan Quinn • Jan. 29, 2026 -
GFL Environmental, LRS swap assets in Arkansas and Indiana
The deal strengthens the companies' respective footprints in each state. LRS is deepening its Indiana ties after securing an Indianapolis collection contract, while GFL is acquiring a C&D landfill.
By Jacob Wallace • Jan. 13, 2026 -
WM’s $30M lawsuit over ADS deal reaches final approval stage
The lawsuit alleges that WM misled investors over the timeline and details of its 2020 acquisition of Advanced Disposal Systems. The court issued a final settlement approval order in December.
By Megan Quinn • Jan. 9, 2026 -
5 themes that could shape waste and recycling in 2026
Macroeconomic trends, including cooling inflation and continued commodity headwinds, are expected to impact the industry. Regulations, especially around PFAS, EPR and landfills, will also play a role in the coming year.
By Jacob Wallace , Megan Quinn • Jan. 8, 2026 -
Arcwood Environmental acquires MXI Environmental Services
The deal is Arcwood’s third in six months and represents another acquisition that expands the company’s geographic reach.
By Jacob Wallace • Jan. 7, 2026 -
2025’s notable waste and recycling acquisitions
The year saw notable deal announcements involving GFL Environmental, Veolia, Enviri, WM, Republic Services, Waste Connections, Casella Waste Systems, FCC Environmental Services, LRS and more.
By Jacob Wallace • Dec. 23, 2025 -
By the numbers: What impacted waste and recycling in 2025
Take a look back at the year's notable data points on policy, regulation, labor, recycling trends and more.
By Megan Quinn , Jacob Wallace , Cole Rosengren • Dec. 23, 2025 -
Interstate Waste Services buys Filco Carting, expanding NYC zone presence
Filco was one of the larger remaining independent waste haulers in New York, where it received four commercial waste zone contracts. The company also has municipal contracts in New Jersey.
By Cole Rosengren • Dec. 1, 2025 -
Deep Dive
Inside the first year of NYC’s historic commercial waste reform plan
The franchise zone shift has yielded operational efficiencies and safety improvements. Meanwhile, NWRA sued the city, carters are paying millions in fines and advocates hope Mayor-elect Mamdani will speed up the rollout.
By Cole Rosengren • Nov. 26, 2025