Mergers and Acquisitions
-
Montrose Environmental again raises guidance, noting strong PFAS, water treatment demand
Executives said Montrose is still seeing steady demand for services, particularly from the waste and energy industries, as state regulations drive air and water treatment management.
By Megan Quinn • Nov. 7, 2025 -
Circular Services buys Atlas Organics from Generate Upcycle
The deal comes nearly four years after Generate Upcycle’s parent acquired a majority stake in Atlas. In the years since, the composter has worked to grow operations within its existing footprint.
By Jacob Wallace • Nov. 6, 2025 -
RNG pricing gives companies pause; plus news from Generate, Waga and more
The price of D3 RINs, the marquee credit for renewable natural gas, is down this year. Companies like Waste Connections and WM are shifting RNG decisions accordingly.
By Jacob Wallace • Nov. 5, 2025 -
Waste Connections acquiring Florida Express Environmental
The family-run company has one of the larger privately owned fleets in the Ocala region and is also affiliated with a C&D landfill. Marion County approved a transfer of the company’s franchise agreement on Nov. 4.
By Cole Rosengren • Updated Nov. 4, 2025 -
Casella again raises revenue guidance, notes improvements in mid-Atlantic region
Casella increased the lower end of its guidance ranges for revenue and adjusted EBITDA, citing limited commodity exposure. The company says it is also making headway on key New York landfill permits.
By Megan Quinn • Oct. 31, 2025 -
The image by Infrogmation is licensed under CC BY-SA 4.0
Waste volumes, PFAS carry revenues in Clean Harbors’ Q3
The company expects full-year revenue from its business treating per- and polyfluoroalkyl substances to reach more than $100 million. Headwinds in industrial and field services limited Clean Harbors’ financial returns in Q3.
By Jacob Wallace • Oct. 30, 2025 -
Q3 earnings results for major waste and recycling companies in 2025
Follow the latest results from Casella Waste Systems, Republic Services, WM, Waste Connections and Clean Harbors.
By Waste Dive Staff • Oct. 30, 2025 -
GFL Environmental Services acquires mid-sized Michigan industrial waste company
It’s the latest acquisition for the privately held division, which executives plan to grow quickly under the ownership of an Apollo Global Management fund.
By Jacob Wallace • Oct. 29, 2025 -
WM healthcare integration affects results in otherwise profitable quarter
Strong collection and disposal business helped boost WM in the quarter, but the company faced headwinds in the Healthcare Solutions segment and a $152M impairment charge for the closure of Natura PCR.
By Megan Quinn • Oct. 28, 2025 -
Waste Connections reports Florida acquisitions, stable pricing
CEO Ron Mittelstaedt noted the company weathered economic headwinds but got a boost from its E&P business and rail improvements meant to help boost the Arrowhead Landfill, which takes about 7,500 tons a day.
By Megan Quinn • Oct. 22, 2025 -
Waste Pro reports $170M in M&A for 2025, ‘record year’ for municipal contracts
The Florida-based company logged 24 acquisitions and focused on growing its disposal and processing capabilities. It also noted significant municipal contracts worth $520 million in major Florida counties.
By Megan Quinn • Oct. 9, 2025 -
Veolia North America names new CEO
Nadège Petit, formerly of Schneider Electric, will help lead the company toward its goal to grow by 50% in North America. The company has focused on acquisitions and facility investments in the region in recent years.
By Megan Quinn • Oct. 7, 2025 -
Casella sustainability update highlights recycling, safety improvements
The progress report, a supplement to the biennial sustainability report, notes the company is behind on its GHG emissions goals but is increasing waste diversion and expanding safety programs.
By Megan Quinn • Oct. 2, 2025 -
Federal Signal to buy into growing side-loader market via New Way Trucks deal
Publicly traded Federal Signal expects its purchase of the family-owned truck manufacturer to close by the end of the year. It highlighted New Way’s position as the largest U.S. side-loader manufacturer in a note to investors.
By Jacob Wallace • Oct. 1, 2025 -
Sponsored by Custom Inspection Solutions LLC
The critical role of independent fleet inspections in waste M&A
Independent inspections can make or break a waste industry deal. Here’s why.
Sept. 29, 2025 -
Republic Services acquires Montana landfill and hauler serving Helena
The deal nets Republic its second landfill in the state. Tri-County Disposal has served the greater Helena area for more than 50 years as a privately owned hauler.
By Jacob Wallace • Sept. 26, 2025 -
Q&A
E360S, major Canadian waste company, preps to enter US market
The company is now approaching 1 billion Canadian dollars in revenue and hoping to double the size of its business. CEO Danny Ardellini discussed expansion plans, EPR contracts, employee culture and more.
By Cole Rosengren • Sept. 24, 2025 -
GFL acquires Superior Waste from private equity group
The acquisition nets GFL Environmental a fully integrated presence in Oklahoma that includes multiple transfer stations and a municipal solid waste landfill.
By Jacob Wallace • Sept. 10, 2025 -
Deep Dive
Waste and the economy: 4 areas to watch for the rest of 2025
The waste and recycling industry has adapted to a changing economy this year, including effects from a lucrative new tax law, M&A, tariffs and commodity markets.
By Cole Rosengren , Megan Quinn , Jacob Wallace • Sept. 3, 2025 -
Closed Loop acquires Agri-Cycle, expanding organics reach
Agri-Cycle provides collection services to customers across 14 states in the Northeast. With the deal, Closed Loop Partners’ private equity arm looks to aggressively grow its organics portfolio.
By Jacob Wallace • Aug. 20, 2025 -
Q&A
GreenWaste’s new CEO eyes M&A, California facility expansion for growth
GreenWaste appointed former COO Clete Elms to permanently serve as CEO of the private equity-backed company. He brings experience leading Australian waste firms and a focus on sustainability.
By Jacob Wallace • Aug. 11, 2025 -
GFL’s infrastructure spinoff completes deal valuing business at nearly $3.1B
A transaction finalized with Energy Capital Partners marks a significant milestone following the 2022 spinoff. GFL will receive a cash infusion through its minority stake.
By Jacob Wallace • Updated Sept. 4, 2025 -
Enviri considering sale of Clean Earth business
The publicly traded environmental services company is examining all its options to boost value, but has not committed to a timeline for a potential sale.
By Jacob Wallace • Aug. 5, 2025 -
Enviros target clean fuel programs, plus RNG news from Republic, Sagepoint and more
In California and New Mexico, environmental groups are ramping up their efforts to slash the strong carbon intensity scores that farm biogas receives through clean fuels programs.
By Jacob Wallace • Aug. 5, 2025 -
Major waste companies spent $659M on M&A in Q2
Companies spent significantly less on M&A than in Q1. WM acquired WB Waste in D.C., while Republic, Waste Connections, GFL and Casella focused on smaller tuck-ins or regional deals.
By Jacob Wallace , Megan Quinn • Aug. 4, 2025