Mergers and Acquisitions: Page 2
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WM-Stericycle acquisition
WM to acquire Stericycle in $7.2B deal
WM sees the acquisition as a way to capitalize on anticipated growth in the healthcare waste sector and position itself as a “single, trusted provider” for numerous waste services.
By Megan Quinn • June 3, 2024 -
Apex Waste Solutions aims to scale in consolidated Colorado market
Apex launched with a goal of offering independent service after larger companies bought out many local haulers. Now, with private equity backing from Kinderhook, the company is growing quickly through its own purchases.
By Cole Rosengren • May 20, 2024 -
Q&A
Casella president outlines growth plans for mid-Atlantic and other priorities
Ned Coletta, roughly six months into his role as president, is working on multiple aspects of the company’s strategy. He recently shared updates on disposal capacity, PFAS treatment, RNG projects, training and more.
By Megan Quinn • May 16, 2024 -
Q&A
Waste Pro leaders talk employee training and growth plans in the Southeast
CEO Sean Jennings and COO Keith Banasiak say offerings like CDL and technician schools, plus a focus on customer service and selective acquisitions, could help them hit the $2 billion revenue mark in a few years.
By Megan Quinn • May 14, 2024 -
Rubicon exits software, city business in deal with major shareholders
CEO Phil Rodoni said the deal gives Rubicon “financial agility” at a time when it has struggled to remain profitable.
By Jacob Wallace • May 7, 2024 -
Public waste companies spent nearly $1.3B on M&A in Q1, but deals were few
Waste Connections led the group with multiple notable transactions, including a large E&P waste purchase, but other companies had a more muted start to the year.
By Cole Rosengren • May 6, 2024 -
Enviri pauses Harsco rail sale plans but reports positive outlook for Q1
Enviri executives focused on cost savings and improved debt leverage as the company reconsolidates rail assets, which it had trouble selling despite interest from buyers.
By Megan Quinn • May 2, 2024 -
GFL eyes new opportunities in Canada amid improving cash outlook
Revenues outperformed expectations and costs improved in the first quarter of the year, executives said, leading to an updated outlook for the company for the full year.
By Jacob Wallace • May 2, 2024 -
Clean Harbors announces Noble Oil acquisition, ‘stronger than expected’ Q1
Clean Harbors is also in the process of integrating its recent HEPACO acquisition, and its Safety-Kleen segment will soon partner with Castrol on a recycled lubricant partnership.
By Megan Quinn • May 2, 2024 -
Republic announces progress on polymer centers, growth from M&A in Q1
The company reported another quarter of revenue growth, thanks in part to rising commodity prices and recycling investments yielding results.
By Jacob Wallace • May 1, 2024 -
Q1 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Enviri and Stericycle.
By Waste Dive Staff • Updated May 6, 2024 -
Casella highlights pricing growth, infrastructure project progress in Q1
The Northeastern company detailed plans for fleet optimization, M&A positioning and major mid-2024 facility projects related to rail and RNG improvements.
By Megan Quinn • April 26, 2024 -
Waste Connections seeing labor retention improvements as it eyes ‘record’ M&A year
The company reported better-than-expected revenue for a quarter which included a sizable acquisition in Indiana. CEO Ron Mittelstaedt also shared updated thoughts on how PFAS regulations will affect the sector.
By Jacob Wallace • April 25, 2024 -
Canadian organics processor kick-starts US expansion with Virginia deal
Convertus primarily has been expanding in Canada since it was formed via a private-equity backed merger. Now it’s eyeing several U.S. markets for expansion.
By Jacob Wallace • April 18, 2024 -
Q&A
Stericycle executive talks sustainability, long-term efficiency plans
Cory White, Stericycle’s chief commercial officer, says data insights and customer demand are driving the company’s long-term sustainability strategy, including through fleet optimization, recycling and other efficiencies.
By Megan Quinn • April 16, 2024 -
LRS hires more C-suite execs as company refocuses under new leadership
LRS also underwent a recent round of layoffs, citing "ongoing integration efforts." The changes come after the Macquarie-backed company completed restructuring plans following a period of rapid growth through acquisitions.
By Megan Quinn • April 4, 2024 -
GFL acquires sizable Florida C&D company Angelo’s Recycled Materials
The family-run operation includes a C&D landfill and multiple locations. GFL Environmental CEO Patrick Dovigi previously said the deal would constitute about half of the company’s spending on M&A for the year.
By Jacob Wallace • Updated April 4, 2024 -
Major Rubicon shareholder looks to take the company private
Shareholder Jose Miguel Enrich proposed acquiring the company for the price of its outstanding shares, which have been trading below $1 since February.
By Jacob Wallace • March 15, 2024 -
Largest public waste companies spent an estimated $4.2B on M&A in 2023
Spending by WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems didn’t surpass recent records, but the companies still did dozens of deals throughout the U.S. and Canada.
By Cole Rosengren • March 5, 2024 -
RSG 2023 earnings
Republic reports strong core business growth in 2023, eyes new opportunities in 2024
The company surpassed its full-year guidance as core pricing and average yield increased in the fourth quarter. Republic expects additional opportunities, including those related to PFAS, to fuel growth in 2024.
By Jacob Wallace • Feb. 28, 2024 -
Waste Connections acquires assets from Waste-Away Group in Indiana
The deal expands Waste Connections’ presence into the state. Waste-Away is a third-generation family business that offers collection, recycling and document destruction services in Elkhart and the surrounding areas.
By Megan Quinn • Feb. 26, 2024 -
Rumpke expands into Illinois with acquisition of landfill and hauling company
Sanitation Service was a family-owned operation for more than 60 years. The company cited changes in landfill liability laws and the business environment as part of its motivation to sell to Rumpke.
By Jacob Wallace • Feb. 26, 2024 -
Q4 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Enviri and Stericycle.
By Waste Dive Staff • Updated March 6, 2024 -
Clean Harbors’ environmental services segment continues hot streak to end 2023
The company projects another year of growth for its environmental services segment in 2024 thanks to capital investments and acquisitions. It’s also making changes to boost its struggling Safety-Kleen business.
By Jacob Wallace • Feb. 22, 2024 -
GFL 2023 earnings
GFL posts record solid waste pricing, sees expansion opportunities through EPR and M&A
Continued strong pricing, combined with volume shedding of subpar contracts, contributed to margin expansion in solid waste. That trend combines with other tailwinds as GFL continues to improve its debt.
By Jacob Wallace • Feb. 21, 2024