Mergers and Acquisitions: Page 8


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    HaizhanZheng via Getty Images
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    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 April 26, 2023
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    Courtesy of Casella Waste Systems
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    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 April 24, 2023
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    Circon Environmental

    https://www.facebook.com/CirconEnviro/photos/pb.100069691204124.-2207520000./799437920890895/?type=3

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    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 April 3, 2023
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    Permission granted by RTS
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    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 March 30, 2023
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    Permission granted by Republic Services
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    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 March 27, 2023
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    Jon Cherry via Getty Images
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    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 March 22, 2023
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    Retrieved from Facebook on March 20, 2023
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    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 March 20, 2023
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    Permission granted by GreenWaste
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    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 March 16, 2023
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    Justin Sullivan via Getty Images
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    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 March 13, 2023
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    photovs via Getty Images
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    Major solid waste and recycling companies spent nearly $6.3B on acquisitions in 2022

    The multiyear trend of heightened deal spending continues. Catch up on financial details and 2023 M&A outlooks from WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.

    By March 8, 2023
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    Permission granted by Waste Harmonics
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    Q&A

    Waste Harmonics CEO sees company at an ‘inflection point’ as it grows with latest acquisition

    The company, which provides third-party services and tech offerings, is pacing ahead of growth targets set during a private equity recapitalization as ESG drives customers to want more data, says CEO Michael Hess.

    By Feb. 24, 2023
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    Courtesy of Casella Waste Systems
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    CWST 2022 earnings

    Casella previews ‘robust’ year of pricing to offset inflation; notes more acquisitions ahead

    The Vermont-based company reported favorable Q4 results. Executives also previewed upcoming RNG projects, investment in a rail-served landfill and further growth through acquisitions.

    By Feb. 17, 2023
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    James Andrews via Getty Images
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    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, Stericycle and Rubicon as they close out 2022 reports and give guidance for 2023.

    Updated March 9, 2023
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    Megan Quinn/Waste Dive
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    WCN 2022 earnings

    Waste Connections ends 2022 favorably despite headwinds; spent $2.3B on acquisitions

    Waste Connections executives expect a strong start to 2023 due to anticipated acquisitions activity, as well as minor improvements in recycled commodity and energy credit values.

    By Feb. 16, 2023
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    Courtesy of Republic Services
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    RSG 2022 earnings

    Republic says it’s ready for any economy; M&A remains a priority after spending $2.7B in 2022

    Executives said they anticipate growing revenue potential from the company’s environmental solutions division. The company also previewed upcoming plastic recycling center investments and acquisition plans.

    By Feb. 16, 2023
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    Courtesy of Inter Miami CF
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    RTS acquires Cycle in effort to broaden reverse vending systems at sports stadiums and events

    Recycle Track Systems will offer Cycle’s RVMs as part of its expanding stadium and recycling rewards business. The companies recently debuted a new machine at the Super Bowl.

    By Feb. 15, 2023
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    Waste Dive/Waste Dive
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    Waste and recycling industry leaders discuss the operational impact of corporate ESG trends

    LRS CEO Alan Handley and Vanguard Renewables Chief Sustainability Officer David Darr recently joined Waste Dive for a live discussion about investment trends, sustainability reporting, customer expectations and more.

    By Waste Dive Staff • Feb. 15, 2023
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    Courtesy of Sonoco
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    Sonoco reports ‘pivotal year’ of growth driven by consumer packaging demand and M&A

    During a recent earnings call, CEO Howard Coker touted the importance of the company’s metal packaging acquisition — its largest ever — and why he thinks it “feels like we are in a recession.” 

    By Feb. 13, 2023
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    Leon Neal via Getty Images
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    BP CEO describes Archaea acquisition as a ‘game changer’ for boosting biogas volumes

    In their first earnings call since completing the purchase of a leading landfill gas project developer, BP executives outlined plans to ramp up capital spending and pursue new offtake options for the Archaea platform.

    By Feb. 8, 2023
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    Retrieved from Facebook on February 07, 2023
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    Denali Water Solutions promotes Todd Mathes to CEO

    The fast-growing organics recycler's founder and previous CEO, Andy McNeill, will focus on long-term strategy and acquisitions as the private equity-backed company continues to expand.

    By Feb. 7, 2023
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    The image by Will Fisher is licensed under CC BY-SA 2.0
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    WestRock notes global paper market headwinds but touts sustainability investments as growing opportunity

    WestRock reported lower Q1 income and withdrew full-year guidance due to market uncertainty. CEO David Sewell said increased packaging revenue and a focus on plastic packaging replacement projects are positive signs, however.

    By Feb. 2, 2023
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    Courtesy of WM
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    WM 2022 earnings

    WM boosts planned MRF and RNG spending by $590M, sees signs of inflation easing

    Volumes may be flat, and recycling values are down, but executives hope cost control measures and long-term investments will offset headwinds. They said federal regulations are driving an attractive environment for RNG projects.

    By Feb. 1, 2023
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    Industry Dive/Waste Dive
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    Northstar Recycling acquires Sonoco’s ‘asset-light’ waste services business

    The private equity-backed company has purchased a business that focuses on providing third-party service and consulting to large manufacturing clients from the major packaging company.

    By Feb. 1, 2023
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    Courtesy of Covanta
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    Q&A

    Covanta CEO promises ‘vastly different’ approach for the company

    Azeez Mohammed, who joined the company as part of its 2021 sale to EQT Infrastructure, talks through a wave of strategic changes in his first extended interview on the job. 

    By Jan. 26, 2023
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    Miravision via Getty Images
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    The Waste Dive Outlook on 2023

    What you need to know on industry trends to watch, the hiring landscape, fleet maintenance and more to come as the new year gets underway.

    By The Waste Dive Team • Updated Feb. 15, 2023