Mergers and Acquisitions: Page 6
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The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
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 -
welcomia via Getty Images
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 -
Courtesy of Republic Services
RSG 2023 earningsRepublic 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 -
Cole Rosengren/Waste Dive
WCN 2023 earningsWaste 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 -
Retrieved from Coastal Waste & Recycling on June 13, 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 -
Megan Quinn/Waste Dive
Plan for these upcoming waste and recycling conferences
The National Zero Waste Conference is one of the next events on the calendar. Other upcoming events in 2024 will cover recycling, e-waste, MRF innovations, biogas, thermal conversion and more.
By Megan Quinn • Updated Sept. 18, 2024 -
Courtesy of LRS
Q&ALRS 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 -
Retrieved from Benfield Sanitation Services on September 15, 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 -
Courtesy of Casella Waste Systems
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 -
Retrieved from Heritage Crystal-Clean on July 20, 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 -
Retrieved from Anaergia on August 17, 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 -
Courtesy of Republic Services
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 -
Aleksandr Gromov via Getty Images
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 -
Maria Rachal/Waste Dive
WCN 2023 earningsWaste 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 -
Courtesy of Republic Services
RSG 2023 earningsRepublic 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 -
Anton Novikov via Getty Images
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 -
Permission granted by LRS
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 -
Permission granted by Pro Disposal
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 -
Cole Rosengren/Waste Dive
GFL 2023 earningsGFL 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 -
Retrieved from Heritage Crystal-Clean on July 20, 2023
Heritage-Crystal Clean set to go private in $1.2B transaction
The pending transaction could see private equity firm J.F. Lehman & Co. purchase one of North America’s larger providers of various environmental services.
By Cole Rosengren • July 20, 2023 -
Megan Quinn/Waste Dive
Waste Connections acquires small hauler in Texas Panhandle
Diversified Waste Management provides a range of container rental and roll-off collection services, adding to the company’s growing regional presence.
By Cole Rosengren • July 7, 2023 -
Courtesy of Casella Waste Systems
Casella Waste completes $525M acquisition of GFL Environmental’s mid-Atlantic assets
The purchase of hauling, transfer and MRF assets in Delaware, Maryland and Pennsylvania is Casella’s largest deal in years. It also marks the final step in GFL’s divestiture plan.
By Cole Rosengren • July 5, 2023 -
Cole Rosengren/Waste Dive
Republic Services plans upgrades at recently-acquired Massachusetts MRF
Republic now has two MRFs in the state after acquiring a single-stream facility from JRM Hauling & Recycling in 2022. Waste Dive took a recent tour.
By Cole Rosengren • June 28, 2023 -
Retrieved from Coastal Waste & Recycling on June 13, 2023
Coastal Waste & Recycling acquired by Macquarie fund in recapitalization deal
The Florida-based company has grown to more than 800 employees since it launched through a partnership with Summer Street Capital Partners in 2017.
By Cole Rosengren • June 13, 2023 -
Courtesy of Casella Waste Systems
Casella Waste to acquire New York-based Twin Bridges in $219M deal
Casella’s second major acquisition planned this year aims to enhance the company’s New York presence and add high-tech MRF and transfer station assets to its portfolio.
By Megan Quinn • June 13, 2023
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