Mergers and Acquisitions
-
Waste and recycling is now a $100B industry, report says
The industry continued to see consolidation among public companies, especially in disposal activities, in 2024.
By Jacob Wallace • March 21, 2025 -
Divert announces 3rd C-suite appointment of 2025
The company is in the midst of permitting and growing new facilities in multiple states to achieve its vision of a national anaerobic digestion network. CEO Ryan Begin said the hires would help Divert meet that goal.
By Jacob Wallace • March 18, 2025 -
Toyota subsidiary to acquire Radius Recycling in $907M deal
The deal is expected to expand Toyota’s closed loop system for materials like steel, precious metals and batteries used by automotive manufacturers.
By Jacob Wallace • March 17, 2025 -
WM eyes growth from healthcare trends as it integrates Stericycle
WM sees future healthcare trends, such as the growth of at-home healthcare, as a business opportunity as it works to ramp up Stericycle’s McCarran incinerator and plans a rebrand, said Rafa Carrasco.
By Megan Quinn • March 17, 2025 -
(2025). [photo]. Retrieved from PPL Group.
Texas MRF operator for sale amid $8M loan dispute, possible asset liquidation
Independent Texas Recyclers, which once served some 1 million Houston households, allegedly missed payments on equipment and later discontinued operations.
By Megan Quinn • March 7, 2025 -
Interstate Waste Services opens $30M MRF to take on NYC commercial volumes
IWS designed the MRF to accommodate specific volumes from New York City’s commercial waste zones, while also allowing the company to internalize volumes it once sent to other recyclers.
By Megan Quinn • March 5, 2025 -
LRS sells its Wisconsin assets to GFL Environmental
LRS will exit the Wisconsin market, including a MRF contract, to focus on organic growth in its other core regions, CEO Matt Spencer said. The company also sold a small business in Illinois.
By Megan Quinn • March 4, 2025 -
What’s next for GFL after environmental services deal closes
Executives discussed a variety of moves that may reshape the company, including re-domiciling in the U.S. and ramping up M&A. GFL is now targeting more than $3 billion in EBITDA (Canadian) by 2028.
By Jacob Wallace • March 3, 2025 -
Major public waste companies spent nearly $11B on M&A in 2024
WM drove major spending with its $7.2 billion Stericycle deal in 2024. Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems also completed numerous deals during the year.
By Megan Quinn , Jacob Wallace , Cole Rosengren • March 3, 2025 -
Q&A
Rumpke CEO: ‘Our growth has been dramatic.’
Bill Rumpke Jr. noted a busy 2024 for acquisitions and infrastructure investments led to $1.2 billion in revenue. He previewed more hiring, employee training and tech investments for 2025.
By Megan Quinn • Feb. 25, 2025 -
[Photograph]. Retrieved from U.S. Environmental Protection Agency.
Zeldin begins remaking EPA amid workforce changes
Federal officials are beginning to implement executive orders related to workforce reduction. Meanwhile, the administration also announced antitrust and climate updates.
By Jacob Wallace • Feb. 24, 2025 -
Enviri changes board, amends credit facilities as steel prices slump
The company is working to complete unfavorable rail contracts and expects its finances to improve in 2025. Executives plan to offset impacts from a weak steel market with continued growth in Clean Earth.
By Jacob Wallace • Feb. 21, 2025 -
Q4 earnings results for major waste and recycling companies in 2024
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Enviri.
By Waste Dive Staff • Updated Feb. 25, 2025 -
Republic targets $1B in M&A for 2025 after closing a major deal
The company kicked off the year with the acquisition of Shamrock Environmental. On Republic’s Feb. 13 earnings call, executives said investments in the company’s fleet and recycling will continue.
By Jacob Wallace • Feb. 14, 2025 -
Casella notes landfill volume internalization and further acquisitions as key for 2025
CEO John Casella said the company “finished the year strong” by growing revenue by about 20%. The company also upgraded a MRF in Connecticut and is slowly ramping up volume at a rail-served Pennsylvania landfill.
By Megan Quinn • Feb. 14, 2025 -
Waste Connections touts ‘extraordinary year’ of acquisitions, EBITDA growth
Waste Connections officials previewed more M&A activity into Q1 and Q2 of 2025, but also noted ongoing costs and regulatory obligations from closing the Chiquita Canyon Landfill.
By Megan Quinn • Feb. 13, 2025 -
Rubicon shareholders allege they’re owed millions due to ownership shift
The dispute hinges on a transaction last year in which shareholder Jose Miguel Enrich gained a controlling interest in Rubicon. The company has also taken steps to deregister securities and cease public financial reports this year.
By Jacob Wallace • Feb. 12, 2025 -
Waste M&A trends to watch in 2025
Deal advisors and analysts weigh in on how regulatory changes and private equity investment could play out in the sector.
By Cole Rosengren • Feb. 12, 2025 -
Closed Loop continues growth with new investment, organics acquisition
Closed Loop announced new funding from Capricorn. Meanwhile, CEO Ron Gonen said Circular Services is expanding into organics with its acquisition of North America’s longest continually operating digester.
By Jacob Wallace • Feb. 10, 2025 -
Casella acquires longtime Boston recycler Save That Stuff
Save That Stuff, founded in 1990, comes with a collection fleet and a recycling facility. The company exited a joint venture arrangement to service Boston’s curbside organics program ahead of the transaction.
By Cole Rosengren • Feb. 4, 2025 -
The waste and recycling industry outlook for 2025
EPR implementation, organics requirements, bottle bill updates, PFAS regulation, federal tax credits and M&A are all expected to be key topics for the year ahead.
By Waste Dive Staff • Jan. 31, 2025 -
WM reports margin milestones for Q4, focuses on Stericycle integration in 2025
WM expects synergies from the Stericycle deal to be about $250 million over a three-year period, with about $100 million of that in 2025. It also expects to complete more RNG facilities this year.
By Megan Quinn • Jan. 30, 2025 -
Triumvirate Environmental confirms private equity investment
Berkshire Partners’ investment values the Massachusetts-based environmental services company at $1.8 billion and marks the latest example of growing interest in the sector.
By Cole Rosengren • Updated Feb. 4, 2025 -
RTS raises $40M, sues investor K1 over alleged takeover plan
The waste broker and tech company’s latest funding round, led by Edison Partners, is described as a way to keep growing the business. It comes days after a lawsuit alleging interference by K1 Investment Management.
By Jacob Wallace , Cole Rosengren • Updated Jan. 24, 2025 -
Stericycle to pay $9.5M penalty for RCRA violations by former hazardous waste business
The U.S. EPA and DOJ said Stericycle lost track of hazardous waste shipments or failed to document them for years, until the business unit was sold in 2020. It could be one of the largest civil penalties ever paid for RCRA violations.
By Megan Quinn • Jan. 21, 2025