Mergers and Acquisitions: Page 2
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Waste Connections’ Mittelstaedt talks industry changes, improvements during time away from CEO job
Ron Mittelstaedt discussed how trends in sustainability, technology and investor interest are “rapidly changing” the waste industry during a session at the Corporate Growth Conference.
By Katie Pyzyk • Nov. 21, 2023 -
AmWaste aims to scale with 3i investment after ‘quietly’ becoming sizable Southeast player
An infusion of growth capital by 3i North American Infrastructure helped AmWaste purchase disposal assets in Georgia, with more acquisitions to come. CEO Chip Russell outlines the company’s vision for expansion.
By Cole Rosengren • Nov. 13, 2023 -
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 -
Leading waste and recycling companies spent $986M on M&A in Q3
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared their outlooks on the deal environment heading into 2024.
By Cole Rosengren • Nov. 7, 2023 -
CWST 2023 earnings
Casella reports ‘pivotal and exciting’ Q3 due to recent acquisitions and strong pricing
Casella raised revenue guidance and predicted a strong Q4 due to its retrofitted Boston MRF and operations it acquired from GFL.
By Megan Quinn • Nov. 3, 2023 -
GFL at ‘inflection point’ regarding debt leverage, executives say
The Canada-based company reported slightly elevated debt numbers as it continued to engage in M&A. But executives now believe GFL has a clear path to a better ratio into next year and see more profit potential from EPR.
By Jacob Wallace • Nov. 2, 2023 -
GFL Environmental acquires Capital Waste from Kinderhook, building Southeast presence
The transaction, announced during GFL’s Q3 earnings call, comes after the private equity firm fueled Capital’s growth in recent years. GFL CEO Patrick Dovigi said the deal happened after a competitor ran into antitrust delays.
By Cole Rosengren • Nov. 2, 2023 -
Clean Harbors revises down guidance but expects better results in 2024
A difficult year for base oil pricing has dragged down the overall business, but executives are optimistic about continued margin expansion in environmental services and the upcoming completion of a major new project.
By Jacob Wallace • Nov. 2, 2023 -
Q3 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste, Clean Harbors, Stericycle and others.
By Waste Dive Staff • Updated Nov. 9, 2023 -
RSG 2023 earnings
Republic Services touts momentum into 2024, including Indianapolis polymer center
CEO Jon Vander Ark said recent price increases and upcoming investments should position the company for favorable margin expansion next year. The company also shared updates on its electric vehicle infrastructure.
By Cole Rosengren • Oct. 27, 2023 -
WCN 2023 earnings
Waste Connections reports Q3 growth despite costs from landfill and employee safety incidents
An ongoing odor issue at a California landfill and a slope failure in Texas could cost about $20M in Q4. Meanwhile, the company is planning employee training to reduce safety incident rates.
By Megan Quinn • Oct. 26, 2023 -
Coastal Waste expands in Florida with multiple waste, recycling acquisitions
The Macquarie-backed company’s acquisition of S&S Waste, In & Out Portables and AFS Recycling broadens its services and allows it to increase the amount of waste it processes internally.
By Megan Quinn • Oct. 18, 2023 -
Plan for these upcoming waste and recycling conferences
Events in 2024 will cover landfill operations, organics trends, MRF and recycling innovations and more.
By Megan Quinn • Updated Oct. 16, 2023 -
Q&A
LRS CEO Spencer talks 100-day plan for leading fast-growing Midwestern company
Matt Spencer says he’ll draw from previous industry experience, including time in the field, and a relationship with Macquarie to help cement a vision for the company’s M&A, infrastructure and safety investments.
By Megan Quinn • Sept. 21, 2023 -
Republic Services expands in Charlotte, North Carolina, area via acquisition
Republic has been more active than any of its competitors in acquisition spending this year. The deal adds an experienced hauler to Republic’s sizable presence in the region.
By Jacob Wallace • Sept. 15, 2023 -
Casella completes $219M acquisition of Twin Bridges
The deal includes two hauling operations, a new MRF and a transfer station in the Albany, New York, area. Casella also purchased another New York hauler, Taylor Garbage, in August.
By Megan Quinn • Sept. 5, 2023 -
Heritage-Crystal Clean’s $1.2B sale to J.F. Lehman will proceed after no competing offers
After closing a 35-day “go-shop” period this week, the environmental services company remains on track to go private in Q4 through this transaction.
By Cole Rosengren • Aug. 24, 2023 -
Anaergia sells six Italian AD projects to lender amid strategic review
The move reduces Anaergia’s European footprint as it continues a broader strategic review of operations in multiple countries.
By Jacob Wallace • Aug. 17, 2023 -
Large waste companies spent nearly $2B on acquisitions through Q2
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared M&A outlooks for the rest of 2023.
By Cole Rosengren • Aug. 10, 2023 -
Waste Connections’ acquisition of Arrowhead opens strategic integration, M&A opportunities
The deal could help reveal better M&A chances and remedy shrinking Northeast disposal capacity, the company says. Arrowhead recently invested in its transportation and disposal infrastructure.
By Megan Quinn • Aug. 4, 2023 -
WCN 2023 earnings
Waste Connections caps Q2 with acquisition of Arrowhead waste-to-rail network
Waste Connections sees Arrowhead’s rail-served MSW landfill in Alabama as “one of our most strategic assets” to open up more integration and M&A opportunities in the Northeast.
By Megan Quinn • Aug. 3, 2023 -
RSG 2023 earnings
Republic expects higher revenues amid plans for polymer centers, environmental solutions growth
Republic Services’ leaders shared new details about its polymer centers and continued integration of US Ecology, but noted it may have found the ceiling for price increases in certain markets.
By Jacob Wallace • Aug. 1, 2023 -
Q2 earnings results for major waste and recycling companies
Follow the latest results from Republic Services, WM, GFL Environmental, Stericycle and more as they release their midyear earnings reports.
By Waste Dive Staff • Updated Aug. 10, 2023 -
LRS expands Chicago metro footprint with latest acquisition, hires new CFO
The purchase of Environmental Recycling & Disposal also comes with a 600-ton-per-day transfer station that could be expanded. Macquarie-backed LRS also shared an update on executive leadership changes.
By Cole Rosengren • July 28, 2023 -
Coastal Waste & Recycling acquires South Carolina-based Pro Disposal
The deal brings two transfer stations and two landfills to Coastal’s portfolio in Georgia and South Carolina. A Macquarie fund recently acquired a majority stake in Coastal.
By Jacob Wallace • July 27, 2023 -
GFL 2023 earnings
GFL Environmental raises 2023 guidance, pays down debt after divestitures
The Canada-based company is using higher-than-expected proceeds from three separate asset sales to improve its leverage ratio and invest more in sustainability projects.
By Jacob Wallace • July 27, 2023