The most recent updates to this tracker are:

• Reworld acquired Connecticut-based Red Technologies, an environmental services and remediation company that services the Northeast. RedTech operates a rail-served transfer station for profiled waste, along with a fleet of 36 railcars and over 100 vehicles or pieces of equipment. It handles an estimated 300,000 tons of hazardous and non-hazardous material per year. Reworld is a portfolio company of EQT Infrastructure.
• GFL Environmental acquired all of LRS’ Wisconsin assets, as well as a small operation in Bloomington, Illinois. This includes multiple hauling locations, one MRF and a MRF operating contract.
• Affiliates of asset management fund Apollo and investment firm BC Partners completed the purchase of a majority stake in GFL Environmental’s environmental services business. GFL retained a 44% stake and has the option to buy back the broader stake in the future.
• Collective Waste Solutions acquired Alberta-based Fin-Wall Site Services, as reported by Waste Today. Fin-Wall provides commercial and construction collection services in the Calgary area. Collective is backed by Concentric Equity Partners.
• Mazza Recycling acquired Philadelphia transfer station and C&D facility operator AMA Resources, which the company said will enhance its regional capabilities. The facility will operate under Mazza’s Liberty Waste & Recycling division.

The waste and recycling industry's M&A activity has neared historic levels in recent years. 

Collective M&A spending by the U.S. solid waste industry's publicly traded companies approached an estimated $4.2 billion in 2023 and $6.3 billion in 2022. This total does not include deals involving companies with private equity or infrastructure fund backing, which have become increasingly active in recent years.

This tracker’s lists for 2021-2023 focused on deals executed by companies that primarily provide municipal solid waste or recycling services in the United States. As of 2024, our list also includes environmental services transactions and all deals in Canada. Transactions involving significant investments, including minority stakes, may also be included.

We list acquirers or lead investors in alphabetical order by their parent company or common operating name, which may differ from the specific legal entities involved in the acquisitions. Please send feedback or tips to waste.dive.editors@industrydive.com.