Mergers and Acquisitions


  • A white Stericycle truck is parked on the street
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    Megan Quinn/Waste Dive
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    WM-Stericycle acquisition

    Urbaser to acquire Stericycle’s assets in Spain, Portugal

    The deal comes as WM is still set to acquire Stericycle in the coming months. A Canadian antitrust review is still pending.

    By Oct. 14, 2024
  • A Waste Connections truck drives down a New York street at night, with a Union Square West sign overhead
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    The image by Eden, Janine and Jim is licensed under CC BY 2.0
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    NYC market continues to consolidate, leading to new questions for waste zone system

    Waste Connections’ purchase of a fellow awardee has left potential openings for competitors after it exceeded a 15-zone threshold. Meanwhile, Interstate Waste is buying up haulers, and others could become subcontractors.

    By Oct. 7, 2024
  • Three people wearing hard hats and work gear walk down a hallway next to a sign touting Reworld's accomplishments.
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    Courtesy of Reworld
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    Reworld to get new minority owner as EQT strikes deal with GIC

    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.

    By Oct. 2, 2024
  • Aerial view of trucks, booths and people standing in the Las Vegas Convention Center at WasteExpo 2024
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    Megan Quinn/Waste Dive
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    Notable waste and recycling conferences in 2025

    Organizers have already begun planning conferences for 2025, with new locations announced for events by SWANA and ReFED. See details about next year’s events covering business trends, organics, plastic recycling and more.

    By Waste Dive Staff • Updated Oct. 4, 2024
  • Blue recycling carts in the foreground, with brownstones and Brooklyn streets in the background
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    Cole Rosengren/Waste Dive
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    Waste Connections buys NYC company in first major deal after zone contracts

    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.

    By Sept. 10, 2024
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    Courtesy of Casella Waste Systems
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    Casella expanding in New York and Connecticut with latest acquisition

    The family-owned businesses, Royal Carting and Welsh Sanitation, are expected to generate over $90 million in annualized revenues.

    By Sept. 9, 2024
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    Bo Shen via Getty Images
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    Clean Harbors nears $5M agreement with DOJ to clean up Louisiana site contaminated with PCBs

    The agreement, subject to final court approval, would see Clean Harbors conduct remediation work at a site first opened in 1969. Clean Harbors gained control of the site from Safety-Kleen in 2002.

    By Aug. 29, 2024
  • A circular sign hanging above a booth at a trade show reads "Routeware."
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    Permission granted by Routeware
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    Routeware acquires recently spun-off Rubicon fleet tech business

    The transaction expands the services Routeware can provide to clients, especially large municipal fleets, CEO Paul Rafalowski said in an interview.

    By Aug. 28, 2024
  • Exterior of glass-walled office building with letters spelling "Rubicon"
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    Jon Cherry via Getty Images
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    Rubicon required to initiate sale process after it sold fleet technology business

    Following the initial transaction in May, Rubicon entered an agreement with lenders to pursue a take-private plan for the whole company within 10 months.

    By Aug. 22, 2024
  • A garbage truck with Interstate Waste Services branding on the side
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    Permission granted by Interstate Waste Services
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    Interstate Waste Services acquires New York hauler Marangi Disposal

    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.

    By Aug. 20, 2024
  • Metal Stericycle sharps collection box on tiled wall
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    Cole Rosengren/Waste Dive
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    WM-Stericycle acquisition

    Stericycle’s $7.2B sale to WM clears DOJ antitrust review

    This development follows shareholder approval in August and clears the way for the transaction to potentially close in Q4. A prior securities filing shows that Stericycle had been considering a transaction for years.

    By , Updated Sept. 6, 2024
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    Courtesy of AMCS Group
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    EQT to acquire majority stake in AMCS, expanding its waste and recycling footprint

    AMCS serves customers in 80 countries with a suite of services that includes payment software, route optimization and AI overfill detection. EQT indicated plans for growth following the deal’s close.

    By Aug. 14, 2024
  • Waste Connections truck in New York
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    The image by Eden, Janine and Jim is licensed under CC BY 2.0
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    Top waste companies spent $835M on Q2 M&A, forecast more to come this year

    WM, Waste Connections and GFL Environmental reported notable transactions during the period, while others were less active. Casella’s Q3 totals are expected to be higher due to deals that closed this summer.

    By , Aug. 6, 2024
  • GFL Environmental truck at Waste Expo
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    Cole Rosengren/Waste Dive
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    GFL has no plans to go private, plans auction of environmental services business

    CEO Patrick Dovigi said the company received interest from several buyers for its liquid waste and soil remediation business. A potential sale could reduce leverage while funding stock buybacks and more solid waste M&A.

    By Aug. 1, 2024
  • Clean Harbors at household hazardous waste collection event in Abington, Pennsylvania.
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    The image by Montgomery County Planning Commission is licensed under CC BY-SA 2.0
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    Clean Harbors gains stronger-than-expected returns from HEPACO, ups guidance

    The company is undertaking several initiatives to address low base oil prices for its Safety-Kleen business. It continues to see growth in environmental services, however, and is open to more M&A on that front.

    By July 31, 2024
  • A blue Casella Waste container in the parking lot of an industrial building
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    Cole Rosengren/Waste Dive
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    Casella acquires Whitetail Disposal and LMR Disposal, expanding mid-Atlantic footprint

    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.

    By , Updated Aug. 1, 2024
  • A front-loading garbage truck lifts a dumpster on a neighborhood street on a sunny day.
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    City of Greenville, North Carolina. Retrieved from Flickr.
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    Q2 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 Aug. 6, 2024
  • WM trucks
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    Permission granted by WM
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    WM highlights M&A ramp-up, investments in recycling and RNG

    WM highlighted continued operational efficiencies and receding commodity headwinds as factors powering what executives described as a strong Q2 performance. 

    By July 25, 2024
  • Close up of the front of a Waste Connections electric refuse truck
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    Jacob Wallace/Waste Dive
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    Waste Connections touts big M&A growth, ramps up rail tons to Arrowhead Landfill

    CEO Ron Mittelstaedt said the company is on track for an annual record in private company acquisition spending. He also touted ongoing improvements in employee retention, recycling earnings and energy waste services.

    By July 25, 2024
  • Waste Pro truck in Palm Coast, Florida
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    Permission granted by Waste Pro
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    Waste Pro recieves first credit rating from Fitch as it charts long-term growth plans

    Fitch noted Waste Pro’s strong presence in the Southeast and its residential and commercial contract stability. Waste Pro sought the new rating as it aims to refinance debt.

    By July 23, 2024
  • A HEIL decal on the back of a truck, which also has a mudflap that reads "Jacob Press Sons' Inc., Bridgeview-Joliet"
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    The image by Brendan Riley is licensed under CC BY 2.0
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    Terex completes $2B purchase of Environmental Solutions Group

    The deal valued Environmental Solutions Group, which includes brands like Heil and Soft-Pak, at 8.4 times its expected earnings for the year. Terex noted expected growth in the refuse vehicle market as one of its motivations.

    By Updated Oct. 9, 2024
  • Winters Bros. Waste Systems truck in front of building with company logo
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    Retrieved from Winters Bros. Waste Systems on July 15, 2024
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    WM acquires Winters Bros. Waste, a major New York company

    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.

    By Updated July 25, 2024
  • A front enloader moves recyclables into piles in a warehouse where material is stored.
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    Katie Pyzyk/Waste Dive
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    LRS receives credit rating downgrades, hires chief revenue officer

    Moody’s and S&P both downgraded the Midwest recycler in June due in part to high debt leverage, but they maintained stable outlooks. LRS is searching for a CFO after Luke Chenery returned to Macquarie.

    By July 9, 2024
  • White Apex Waste Solutions truck on a residential street
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    Retrieved from Apex Waste Solutions on May 20, 2024
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    Apex Waste grows in Colorado with 2 new deals, including WM sites

    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.

    By Updated July 9, 2024
  • Trucks line up behind a waste facility
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    Brandon Bell via Getty Images
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    2024’s notable waste and recycling acquisitions so far

    The first six months of the year saw notable deal announcements involving WM, Stericycle, GFL Environmental, Waste Connections, Clean Harbors and more.

    By Waste Dive Staff • July 5, 2024