Mergers and Acquisitions: Page 2
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Republic Services reports continued pricing growth, advancements on RNG and EV plans
The company reported capital expenditures were on pace for polymer centers, renewable natural gas facilities and electric trucks. Executives also discussed ongoing efforts to push pricing in the environmental solutions segment.
By Jacob Wallace • Oct. 30, 2024 -
WM reports strong Q3, says Stericycle synergies estimate was ‘conservative’
WM noted solid collection and disposal activity, higher commodity prices and continued RNG and recycling project completion during Q3. It’s on track to complete its acquisition of Stericycle in Q4.
By Megan Quinn • Oct. 29, 2024 -
Coastal Waste buys Florida’s Southwest Waste in notable C&D deal
This is the largest transaction to date for Macquarie-backed Coastal. Southwest, founded by Charles Lomangino in 2021, operates multiple facilities throughout western Florida.
By Cole Rosengren • Oct. 28, 2024 -
Waste Connections reports record M&A activity, sees good momentum into 2025
CEO Ron Mittelstaedt confirmed the company expects to close between 30 to 35 deals this year, with $700 million in revenue acquired so far. Waste Connections also raised its 2024 guidance and previewed 2025.
By Megan Quinn • Oct. 24, 2024 -
WM-Stericycle acquisition
Urbaser to acquire Stericycle’s assets in Spain, Portugal
The deal comes as WM is still set to acquire Stericycle in the coming months. A Canadian antitrust review is still pending.
By Megan Quinn • Oct. 14, 2024 -
NYC market continues to consolidate, leading to new questions for waste zone system
Waste Connections’ purchase of a fellow awardee has left potential openings for competitors after it exceeded a 15-zone threshold. Meanwhile, Interstate Waste is buying up haulers, and others could become subcontractors.
By Cole Rosengren • Oct. 7, 2024 -
Reworld to get new minority owner as EQT strikes deal with GIC
The transaction would increase the stake of investor GIC, which manages the Singaporean sovereign wealth fund. It would also infuse Reworld’s growth plans with fresh capital, executives said.
By Jacob Wallace • Oct. 2, 2024 -
Notable waste and recycling conferences in 2025
The Carpet America Recovery Effort annual conference and BPI Summit are among the industry events with newly announced details for 2025.
By Waste Dive Staff • Updated Feb. 6, 2025 -
Waste Connections buys NYC company in first major deal after zone contracts
Royal Waste Services, one of the city’s larger privately owned haulers, has key post-collection facilities. This comes as companies begin implementing service in the city’s first commercial waste zone this month.
By Cole Rosengren • Sept. 10, 2024 -
Casella expanding in New York and Connecticut with latest acquisition
The family-owned businesses, Royal Carting and Welsh Sanitation, are expected to generate over $90 million in annualized revenues.
By Megan Quinn • Sept. 9, 2024 -
Clean Harbors nears $5M agreement with DOJ to clean up Louisiana site contaminated with PCBs
The agreement, subject to final court approval, would see Clean Harbors conduct remediation work at a site first opened in 1969. Clean Harbors gained control of the site from Safety-Kleen in 2002.
By Jacob Wallace • Aug. 29, 2024 -
Routeware acquires recently spun-off Rubicon fleet tech business
The transaction expands the services Routeware can provide to clients, especially large municipal fleets, CEO Paul Rafalowski said in an interview.
By Jacob Wallace • Aug. 28, 2024 -
Rubicon required to initiate sale process after it sold fleet technology business
Following the initial transaction in May, Rubicon entered an agreement with lenders to pursue a take-private plan for the whole company within 10 months.
By Jacob Wallace • Aug. 22, 2024 -
Interstate Waste Services acquires New York hauler Marangi Disposal
The deal nearly doubles IWS’ presence in upstate New York, including in the county where it was founded. Marangi adds 50 collection vehicles to IWS’ growing fleet.
By Jacob Wallace • Aug. 20, 2024 -
WM-Stericycle acquisition
Stericycle’s $7.2B sale to WM clears DOJ antitrust review
This development follows shareholder approval in August and clears the way for the transaction to potentially close in Q4. A prior securities filing shows that Stericycle had been considering a transaction for years.
By Megan Quinn , Cole Rosengren • Updated Sept. 6, 2024 -
EQT to acquire majority stake in AMCS, expanding its waste and recycling footprint
AMCS serves customers in 80 countries with a suite of services that includes payment software, route optimization and AI overfill detection. EQT indicated plans for growth following the deal’s close.
By Jacob Wallace • Aug. 14, 2024 -
Top waste companies spent $835M on Q2 M&A, forecast more to come this year
WM, Waste Connections and GFL Environmental reported notable transactions during the period, while others were less active. Casella’s Q3 totals are expected to be higher due to deals that closed this summer.
By Cole Rosengren , Megan Quinn • Aug. 6, 2024 -
GFL has no plans to go private, plans auction of environmental services business
CEO Patrick Dovigi said the company received interest from several buyers for its liquid waste and soil remediation business. A potential sale could reduce leverage while funding stock buybacks and more solid waste M&A.
By Jacob Wallace • Aug. 1, 2024 -
The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
Clean Harbors gains stronger-than-expected returns from HEPACO, ups guidance
The company is undertaking several initiatives to address low base oil prices for its Safety-Kleen business. It continues to see growth in environmental services, however, and is open to more M&A on that front.
By Jacob Wallace • July 31, 2024 -
Casella acquires Whitetail Disposal and LMR Disposal, expanding mid-Atlantic footprint
The deals, first reported by Waste Dive, expand Casella’s presence in eastern Pennsylvania and western New Jersey. Casella expects they will generate an estimated $100 million in annualized revenue.
By Cole Rosengren , Megan Quinn • Updated Aug. 1, 2024 -
City of Greenville, North Carolina. Retrieved from Flickr.
Q2 earnings results for major waste and recycling companies in 2024
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Enviri.
By Waste Dive Staff • Updated Aug. 6, 2024 -
WM highlights M&A ramp-up, investments in recycling and RNG
WM highlighted continued operational efficiencies and receding commodity headwinds as factors powering what executives described as a strong Q2 performance.
By Megan Quinn • July 25, 2024 -
Waste Connections touts big M&A growth, ramps up rail tons to Arrowhead Landfill
CEO Ron Mittelstaedt said the company is on track for an annual record in private company acquisition spending. He also touted ongoing improvements in employee retention, recycling earnings and energy waste services.
By Cole Rosengren • July 25, 2024 -
Waste Pro recieves first credit rating from Fitch as it charts long-term growth plans
Fitch noted Waste Pro’s strong presence in the Southeast and its residential and commercial contract stability. Waste Pro sought the new rating as it aims to refinance debt.
By Megan Quinn • July 23, 2024 -
Terex completes $2B purchase of Environmental Solutions Group
The deal valued Environmental Solutions Group, which includes brands like Heil and Soft-Pak, at 8.4 times its expected earnings for the year. Terex noted expected growth in the refuse vehicle market as one of its motivations.
By Jacob Wallace • Updated Oct. 9, 2024