Mergers and Acquisitions: Page 16
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The image by David Dizon is licensed under CC BY-SA 2.0
Covanta intends to close multiple plants in coming years, divestitures still possible
Through its strategic review, the company anticipates $30 million in annual cost savings by 2023 and plans to exit certain operating contracts. Meanwhile, a new U.K. plant will begin receiving waste within weeks.
By Cole Rosengren • April 30, 2021 -
WCN 2021 earnings
Waste Connections Q1: Landfill volumes 'above pre-COVID levels'
Amid pandemic recovery, in March the company had its largest hiring levels since September 2019. It reported better commodity pricing and solid waste volumes even in regions hit hardest by COVID-19.
By Megan Quinn • April 29, 2021 -
Courtesy of Waste Management
WM 2021 earningsWaste Management raises guidance as pandemic recovery accelerates, predicts possible labor headwind
Pricing and the Advanced Disposal acquisition were key first quarter boosts. Executives also announced a new chief sustainability officer and weighed in on the Biden administration's infrastructure proposal.
By Cole Rosengren • April 27, 2021 -
Courtesy of Republic Services
Republic closes acquisition of Santek, following DOJ divestiture agreement
A settlement includes collection and disposal assets in four Southeast states going to portfolio companies of Kinderhook Industries and Texas routes going to Waste Connections.
By Cole Rosengren • Updated May 5, 2021 -
Permission granted by WIN Waste Innovations
Wheelabrator debuts WIN Waste Innovations brand following Tunnel Hill acquisition
The newly combined operations of 10 companies will have an estimated $1 billion annual revenue run rate. Following a recapitalization, CEO Bob Boucher said more M&A is planned and an IPO or sale could happen in the future.
By Cole Rosengren • Updated April 6, 2021 -
GFL Environmental closes Terrapure acquisition, including key Toronto-area industrial landfill
The C$927.5 million deal, which GFL pursued for many years, will further solidify the company's presence throughout Canada.
By Cole Rosengren • Updated Aug. 17, 2021 -
Waste Connections pursues escalating New York legal fight in face of stiff competition
Subsidiary County Waste sued former owner Scott Earl over alleged unfair practices and issues related to the rise of his new company, Twin Bridges. The two are battling over prices and acquisition targets around the Capital Region.
By Cole Rosengren • March 2, 2021 -
2020 earnings coverage for US waste and recycling companies
Catch up on Waste Dive's quarterly analysis of results from Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems during 2020.
By Waste Dive Team • Feb. 24, 2021 -
Cole Rosengren/Waste Dive
2020 earnings coverage: GFL Environmental
In its first year as a public company, starting right as the pandemic unfolded, GFL completed multiple major transactions and is on track for ongoing rapid growth.
By Waste Dive Team • Feb. 24, 2021 -
Courtesy of Casella Waste Systems
2020 earnings coverage: Casella Waste Systems
This key Northeast company continued growing its dominant presence in the market amid the pandemic, with plans to further expand multiple key landfill assets.
By Waste Dive Team • Feb. 24, 2021 -
The image by David Dizon is licensed under CC BY-SA 2.0
2020 earnings coverage: Covanta
The industry's largest incinerator operator was affected by the pandemic like many others and later initiated a strategic review that could bring notable changes to its future.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: Waste Connections
The industry's third-largest company continued to expand through M&A, responded to the coronavirus pandemic and committed to $500 million in ESG spending.
By Waste Dive Team • Feb. 24, 2021 -
Courtesy of Republic Services
2020 earnings coverage: Republic Services
The industry's second-largest player adapted to the pandemic, completed a busy year of M&A and pushed ahead on fleet electrification plans.
By Waste Dive Team • Feb. 24, 2021 -
Cole Rosengren/Waste Dive
2020 earnings coverage: Waste Management
The North American industry's largest company weathered the pandemic, announced new ESG plans and completed the major acquisition of Advanced Disposal Services.
By Waste Dive Team • Feb. 24, 2021 -
Cole Rosengren/Waste Dive
GFL Environmental plans another 'outsized' M&A year, outlines growth through 2023
After a year of significant expansion, the Canadian company is working on another large deal, numerous tuck-ins and potential divestitures. Plus, it's optimistic about benefits in a post-pandemic economy.
By Cole Rosengren • Feb. 23, 2021 -
Republic Services reiterates all in on electrification over CNG, Santek close nearing
The second-largest North American waste operator expects economic recovery to continue in 2021, with bullish plans for M&A.
By Maria Rachal • Feb. 23, 2021 -
Solid waste companies emerge resilient from Q4, with some lingering pandemic effects
Earnings from the industry's publicly traded solid waste companies show the sector has largely rebounded, but is still affected by a slow economic recovery.
By Waste Dive Team • Updated Feb. 23, 2021 -
Courtesy of Casella Waste Systems
Casella moving ahead with multiple Northeast landfill expansions as capacity tightens
With a Connecticut facility expected to close in 2022, and other factors in play, Casella hopes to activate its McKean Landfill in Pennsylvania as a new destination. Expansions are also underway in New York and Vermont.
By Megan Quinn • Feb. 19, 2021 -
Permission granted by Covanta
Covanta exploring multiple potential divestitures, sees UK as 'primary growth avenue'
A strategic review led by Covanta's new CEO will be completed mid-year, as the company prepares to shop assets and consider cost reductions. Four of its upcoming U.K. projects are expected to be increasingly profitable.
By Cole Rosengren • Feb. 19, 2021 -
Waste Connections Q4: $180M worth of M&A in 2020 opens new markets
The company highlighted improved solid waste volumes and increased values for recycled commodities and renewable fuels, all of which contributed to a better than expected quarter despite the ongoing pandemic.
By Megan Quinn • Feb. 18, 2021 -
Permission granted by Waste Management
Waste Management CEO says economy 'ready to take off,' major North American M&A likely done
In the first full earnings report since acquiring Advanced Disposal, executives shared updates on integration and pandemic recovery. They also leaned into ESG as an opportunity under the Biden administration.
By Cole Rosengren • Feb. 18, 2021 -
Permission granted by Lakeshore Recycling Systems
Lakeshore Recycling Systems accelerates Midwest expansion following biggest acquisition yet
The Illinois-based company has resurrected a landfill into one of the state's most active disposal sites, recently picked up a sizable independent hauler in the Chicago area and is making moves in Wisconsin.
By Cole Rosengren • Feb. 2, 2021 -
Biden tax, oversight plans could add to M&A costs
Sellers can be expected to seek higher valuations to offset a higher corporate tax rate and changes in capital gains, deal specialists say. And some deals could get more regulatory scrutiny.
By Robert Freedman • Jan. 21, 2021 -
Cole Rosengren/Waste Dive
2020 shapes up as major year for M&A, consolidation in waste and recycling industry
Waste Management, Republic Services, Waste Connections, GFL Environmental, Wheelabrator and many others all had a particularly active stretch of deal-making across numerous states.
By Cole Rosengren • Dec. 15, 2020 -
New England M&A heats up as Wheelabrator, Boston Carting Services expand
The private equity-backed players are just two examples of companies making moves in a region many view as primed for consolidation. As other companies expand their footprints, there may be more to come.
By Cole Rosengren • Dec. 15, 2020
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