Mergers and Acquisitions: Page 7
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Harsco, now Enviri, looks to growth in Clean Earth business and sale of rail to recover from tough year
Harsco, a 170-year-old company, is rebranding to Enviri as it looks to double down on environmental solutions and dig itself out of a debt hole.
By Jacob Wallace • June 7, 2023 -
Industry veteran launches Waste Industry Historical Society to capture decades of knowledge
Anthony Ricchio, a longtime driver and current equipment specialist, grew up collecting waste phone book ads and toy trucks. Now, he hopes a new museum in Iowa can motivate others to share their own collections.
By Cole Rosengren • June 5, 2023 -
GFL closes sale of Colorado assets to Republic; its Casella divestiture gets DOJ approval
GFL Environmental expects to complete its broader divestiture campaign by the end of June, netting gross proceeds of about $1.6 million (Canadian). This specific package covers Denver and other key Colorado markets.
By Jacob Wallace • June 5, 2023 -
Private equity firms announce waste transfer and environmental services deals in Georgia and Texas
Bulk Express Transport, backed by Alterna Equity Partners, purchased Attaway Hauling. Separately, Allied Industrial Partners acquired a stake in Mat Tech Industrial Services.
By Cole Rosengren • June 1, 2023 -
US waste and recycling industry worth $91B in 2022, landfill capacity consolidation continues
The latest Waste Business Journal data shows growing revenue and disposal prices, along with an ongoing decline of municipal market share. WM now accounts for more disposal volume than all local governments combined.
By Cole Rosengren • May 19, 2023 -
GFL Environmental’s sale of Colorado assets to Republic Services is pending
This large piece of GFL’s $1.6 billion (Canadian) divestiture package includes post-collection, recycling and hauling assets in key markets such as Denver and Colorado Springs.
By Cole Rosengren • May 11, 2023 -
The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
Clean Harbors says disposal demand and $110M Thompson Industries deal position it well for 2023
The company touted strong performance in its Environmental Services segment, high disposal demand and improving incinerator utilization, which it hopes will even out cost pressures in the more challenged Safety Kleen sector.
By Megan Quinn • May 5, 2023 -
The image by Antony-22 is licensed under CC BY-SA 4.0Q&A
Covanta CEO shares environmental services and M&A outlook after sizable Circon deal
In a recent interview, Azeez Mohammed outlined the company’s new scale and offerings after closing the deal this week. Plus, he shared an update on the serious facility fire in Miami-Dade County.
By Jacob Wallace • May 4, 2023 -
GFL Environmental sells Nashville assets to WM as part of bigger divestiture plan
The transaction is a small piece of a broader divestiture strategy intended to help GFL reduce debt leverage by streamlining its portfolio.
By Cole Rosengren • May 3, 2023 -
Covanta completes deal to acquire Circon from Kinderhook
The deal, first announced in April, is the latest expansion of Covanta’s environmental services division and one of its largest transactions in years.
By Jacob Wallace • May 1, 2023 -
Major waste companies spent an estimated $563M on Q1 acquisitions, with more to come this year
Catch up on the latest deal totals and 2023 outlooks from WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.
By Cole Rosengren • May 1, 2023 -
CWST 2023 earnings
Casella sees ‘significant’ Mid-Atlantic expansion opportunities after GFL deal
Casella offered more details on its pending acquisition of GFL assets in three new states, including plans to internalize volumes at its forthcoming McKean Landfill site in Pennsylvania.
By Megan Quinn • April 28, 2023 -
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 and Rubicon as they kick off 2023 earnings.
By Waste Dive Staff • Updated May 23, 2023 -
GFL 2023 earnings
GFL Environmental CEO says company is ‘just getting started’ after record pricing, divestiture plans
Coming off a record quarter for pricing, along with positive growth in multiple lines of business, GFL touted momentum in its latest earnings report. On M&A, CEO Patrick Dovigi said he sees new opportunities for at least the next decade.
By Cole Rosengren • April 28, 2023 -
RSG 2023 earnings
Republic sees growing returns from US Ecology acquisition, eyes additional M&A opportunities
CEO Jon Vander Ark said the environmental solutions business was exceeding expectations, and he sees continued opportunity for growth through cross-selling and pricing increases.
By Jacob Wallace • April 28, 2023 -
WCN 2023 earnings
Waste Connections anticipates another busy M&A year as Mittelstaedt outlines long-term plans
In his first report since returning as CEO, Ron Mittelstaedt shared updates on labor, inflation and M&A. Amid ongoing economic uncertainty, executives said they’ve already locked in price increases for a majority of business.
By Cole Rosengren • April 27, 2023 -
Deep Dive
New York’s Brookhaven Landfill is closing soon. Is Long Island ready?
A prime destination for incinerator ash and C&D will soon be out of capacity. Winters Bros. Waste Systems has acquired rail transfer assets with plans to build a new site and is looking to play a lead role in the region’s next chapter.
By Cole Rosengren • April 26, 2023 -
Casella Waste to acquire $525M worth of GFL assets in 3 states
Pending regulatory approval, the transaction would mark a major collection expansion for the Northeastern company into a region where it had already been developing new landfill capacity.
By Cole Rosengren • April 24, 2023 -
Circon Environmental
https://www.facebook.com/CirconEnviro/photos/pb.100069691204124.-2207520000./799437920890895/?type=3
Covanta enters deal with Kinderhook to acquire Circon, its largest acquisition in decades
The private equity-backed firm is adding more than 20 facilities to its portfolio, expanding its geographic reach as well as its environmental services business.
By Jacob Wallace • April 3, 2023 -
RTS acquires RecycleSmart, Canada’s largest waste broker
The purchase of RecycleSmart and its Pello sensor technology is the latest in a series of deals by RTS and part of a broader trend in the broker space.
By Cole Rosengren • March 30, 2023 -
Republic Services acquires first anaerobic digester as California organics recycling market heats up
The facility, located about 70 miles north of Sacramento, allows the company to further vertically integrate its collection services. Republic has been scaling its infrastructure as the state mandates organics recycling.
By Jacob Wallace • March 27, 2023 -
Q&A
Rubicon CEO on the company’s next chapter and the challenges of going public
Phil Rodoni, previously chief technology officer, took the helm during an eventful period for the company. He discusses Rubicon’s efforts to become profitable, grow its software business and compete in the sector.
By Cole Rosengren • March 22, 2023 -
Retrieved from Facebook on March 20, 2023
CARDS Recycling acquired by private equity firm Kinderhook Industries
The Arkansas-based hauler and transfer station operator, which was founded in 2017, has expanded to reach five states via acquisitions. An influx of private equity capital is expected to accelerate that growth.
By Cole Rosengren • March 20, 2023 -
Q&A
GreenWaste CEO envisions ‘stronger presence’ for company in California following private equity investment
Over a year after selling to a Macquarie fund, CEO Tracy Adams reports a “great partnership.” He discusses the company’s targeted acquisition strategy, the state’s SB 1383 organics recycling law and more.
By Cole Rosengren • March 16, 2023 -
WM acquires large Minnesota composting company as part of Midwest organics recycling growth
WM says its purchase of Specialized Environmental Technologies positions the company to meet rising demand in the Twin Cities area, where local policies are requiring diversion.
By Megan Quinn • March 13, 2023