2021 earnings coverage: WM

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

By Waste Dive Team • Updated Feb. 2, 2022

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

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 Maria Rachal • Oct. 29, 2021

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 Cole Rosengren • Oct. 28, 2021

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 Cole Rosengren • Oct. 26, 2021

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

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 Cole Rosengren • Updated Oct. 15, 2021

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 Cole Rosengren • Oct. 11, 2021

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 Cole Rosengren • Oct. 1, 2021

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 Cole Rosengren • Oct. 1, 2021

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 Dec. 21, 2021

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 Cole Rosengren • Updated Sept. 16, 2021

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 Cole Rosengren • Sept. 9, 2021

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 Cole Rosengren • Sept. 2, 2021

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 Cole Rosengren • Updated Sept. 2, 2021

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 Cole Rosengren • Aug. 5, 2021

Casella anticipates further expansion into Connecticut after Willimantic acquisition

The Northeast company touted "productive conversations" with other potential sellers in the region, and it estimated the McKean Landfill could come online in Pennsylvania by the end of 2022, during its latest earnings call.

By Megan Quinn • Aug. 2, 2021

Republic Services Q2: 'no pause' on M&A after Santek, eyeing environmental solutions deals

The labor shortage and coronavirus pose some uncertainty, the company acknowledged, but it raised guidance based on strong recovery trends. Executives also discussed new landfill gas and recycling opportunities.

By Maria Rachal • July 30, 2021

GFL launches renewable energy platform, forecasts ample M&A opportunities

While Canada's economic recovery is expected to roll into next year, the company is already seeing pre-pandemic volumes in other areas and big free cash flow gains. A new focus on landfill gas projects may boost that trend.

By Cole Rosengren • July 29, 2021

Noble Environmental acquires GFL landfills, collection assets in Pennsylvania region

The deal is a major expansion for Noble, one of the state's largest private haulers. GFL acquired the sites as part of the Waste Management-Advanced Disposal divestiture package last year.

By Cole Rosengren • July 22, 2021

Covanta completes $5.3B sale to EQT Infrastructure, new CEO takes over

A deal to go private is now complete, with former energy executive Azeez Mohammed taking the reins. The company has also set two sustainability targets as part of its financing package.

By Cole Rosengren • Updated Nov. 30, 2021

Biden antitrust push faces steep road

Although the president and congressional majority are aligned on increasing competition in certain sectors, it's not clear agencies will bring much firepower to the effort.

By Robert Freedman • July 12, 2021

Waste CEOs emphasize labor, ESG and M&A as top priorities after pandemic

Leaders from Waste Management, Republic Services, Waste Connections, GFL Environmental and other groups weighed in on labor solutions, fleet technology and the economy at WasteExpo.

By Cole Rosengren • July 6, 2021

Q1 earnings: Waste companies putting pandemic behind them, anticipate more economic rebound coming

Outside of Canada, the majority of local economies have reopened and volumes are bouncing back. Catch up on results and takeaways on the first quarter of 2021 from the industry's largest solid waste operators.

By Waste Dive Team • May 10, 2021

Solid waste companies talk disposal pricing, ESG and Biden in Q1 earnings outlooks

Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems leaders commented on pandemic recovery trends and other pressing topics.

By Cole Rosengren • May 10, 2021