Companies throughout the broader environmental services industry, including the solid waste and recycling businesses, announced a string of acquisitions during the year. Catch up on Waste Dive’s reporting and analysis about some of the more notable deals and trends. A full list of transactions is also available in our ongoing M&A tracker.
An article from
2024’s notable waste and recycling acquisitions
The year saw notable deal announcements involving WM, Stericycle, GFL Environmental, Waste Connections, Clean Harbors, Casella Waste Systems, Interstate Waste, Coastal Waste and more.
-
Clean Harbors acquires environmental services firm HEPACO for $400M
By Jacob Wallace • Feb. 6, 2024
HEPACO, which was previously owned by a private equity firm, services more than 2,000 customers in 17 states. This positions Clean Harbors for continued growth in its environmental services segment. Read the full article ➔
-
Interstate Waste Services acquiring Oak Ridge in regional expansion
By Cole Rosengren • Feb. 12, 2024
The transaction marks the first sizable purchase since New Jersey-based IWS was recapitalized last year. Oak Ridge Waste & Recycling’s assets cover multiple markets in Connecticut and New York. Read the full article ➔
-
Waste Connections acquires assets from Waste-Away Group in Indiana
By Megan Quinn • Feb. 26, 2024
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. Read the full article ➔
-
Frontier Waste Solutions’ first landfill purchase rides fast-growing market
By Jacob Wallace • March 28, 2024
The company recently acquired a newly built C&D landfill, adding to its growing footprint in North Texas and throughout the state. CEO John Gustafson discussed Frontier’s continued plans for expansion. Read the full article ➔
-
GFL acquires sizable Florida C&D company Angelo’s Recycled Materials
By Jacob Wallace • April 3, 2024
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. Read the full article ➔
-
Apex Waste Solutions aims to scale in consolidated Colorado market
By Cole Rosengren • May 20, 2024
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. Read the full article ➔
-
GFL Environmental selling Detroit-area residential business to Priority Waste
By Cole Rosengren • May 31, 2024
The pending deal, which includes more than 70 municipal collection contracts in the region, could make Priority the largest residential service provider in the state. Read the full article ➔
-
Environmental services segment still has plenty of M&A runway
By Cole Rosengren • June 13, 2024
Republic Services, Clean Harbors, Crystal Clean, Reworld and other companies have been very active with M&A in recent years. Here’s why analysts and executives expect that to continue. Read the full article ➔
-
Apex Waste grows in Colorado with 2 new deals, including WM sites
By Cole Rosengren • July 8, 2024
The Kinderhook-backed company is now vertically integrated after purchasing landfills and a MRF from Twin Enviro Services. Following these deals, Apex now services an estimated 100,000 customers. Read the full article ➔
-
WM acquires Winters Bros. Waste, a major New York company
By Cole Rosengren • July 15, 2024
Long Island’s largest independent hauler and recycler, which employs more than 500 people, has numerous assets in an area that faces strains from an upcoming reduction in regional disposal capacity. Read the full article ➔
-
Casella acquires Whitetail Disposal and LMR Disposal, expanding mid-Atlantic footprint
By Cole Rosengren and Megan Quinn • July 29, 2024
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. Read the full article ➔
-
Interstate Waste Services acquires New York hauler Marangi Disposal
By Jacob Wallace • Aug. 20, 2024
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. Read the full article ➔
-
Casella expanding in New York and Connecticut with latest acquisition
By Megan Quinn • Sept. 9, 2024
The family-owned businesses, Royal Carting and Welsh Sanitation, are expected to generate over $90 million in annualized revenues. Read the full article ➔
-
Waste Connections buys NYC company in first major deal after zone contracts
By Cole Rosengren • Sept. 10, 2024
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. Read the full article ➔
-
Reworld to get new minority owner as EQT strikes deal with GIC
By Jacob Wallace • Oct. 2, 2024
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. Read the full article ➔
-
Coastal Waste buys Florida’s Southwest Waste in notable C&D deal
By Cole Rosengren • Oct. 28, 2024
This is the largest transaction to date for Macquarie-backed Coastal. Southwest, founded by Charles Lomangino in 2021, operates multiple facilities throughout western Florida. Read the full article ➔
-
WM completes $7.2B Stericycle deal, takes leading position in medical waste market
By Cole Rosengren and Megan Quinn • Nov. 4, 2024
Stericycle’s medical and document destruction assets now reside under WM's Healthcare Solutions division. While WM tried to grow in this market under prior leadership, it often ran into stiff competition from Stericycle. Read the full article ➔
-
Major waste companies spent $1.45B on Q3 M&A, up from modest Q2
By Megan Quinn and Jacob Wallace • Nov. 11, 2024
Waste Connections spent the most in Q3 and is on track for an annual company record in 2024, while North American industry peers reported plans to focus on tuck-ins or ease off major spending. Read the full article ➔
Recommended Reading
- Tracking the waste and recycling industry’s M&A activity By Cole Rosengren, Jacob Wallace, Megan Quinn • Updated Dec. 19, 2024
Filed Under:
Mergers and Acquisitions
