By the numbers: 2024 waste and recycling trends

Reflect on the year through key data points about labor, the economy, M&A, federal and state policy, recycling trends and more.

By Megan Quinn , Cole Rosengren , Jacob Wallace • Dec. 20, 2024

Rubicon names new CFO and board members, hints at pending sale

Rubicon’s new CFO, Eric Bauer, comes from Circulus, where a Rubicon board member serves as CEO. The company also sold $20 million in preferred equity to Rodina Capital, an entity affiliated with Rubicon’s majority shareholder.

By Jacob Wallace • Updated Dec. 13, 2024

Major waste companies spent $1.45B on Q3 M&A, up from modest Q2

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.

By Megan Quinn , Jacob Wallace • Nov. 11, 2024

GFL forecasts at least $4.3B from environmental services sale, announces new COO

The estimated proceeds are tracking ahead of initial projections. The pending sale will free up opportunities for solid waste M&A, executives said.

By Jacob Wallace • Nov. 7, 2024

WM completes $7.2B Stericycle deal, takes leading position in medical waste market

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.

By Cole Rosengren , Megan Quinn • Nov. 4, 2024

Stericycle reports steady Q3 results, receives final regulatory approval for WM sale

Stericycle reported “revenue challenges” with some customers, as well as hurricane effects, in its latest results. The company also disclosed the price of its pending asset sale to Urbaser in Spain and Portugal.

By Cole Rosengren • Nov. 1, 2024

Casella reports ‘mixed’ quarter with notable revenue but unexpected expenses

The company reported over $400 million in revenue for the quarter, which was a first. But unexpected insurance and landfill closure payments, as well as lower landfill tonnage, caused headwinds.

By Megan Quinn • Oct. 31, 2024

Rail business drags on Enviri’s Q3, while Clean Earth remains strong

The company’s rail business continued to drag on cash flow, but CEO Nick Grasberger said he expects that segment to turn around by the end of next year. 

By Jacob Wallace • Oct. 31, 2024

Q3 earnings results for major waste and recycling companies in 2024

Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella, Clean Harbors and Enviri.

By Waste Dive Staff • Updated Nov. 12, 2024

Republic Services reports continued pricing growth, advancements on RNG and EV plans

The company reported capital expenditures were on pace for polymer centers, renewable natural gas facilities and electric trucks. Executives also discussed ongoing efforts to push pricing in the environmental solutions segment.

By Jacob Wallace • Oct. 30, 2024

WM reports strong Q3, says Stericycle synergies estimate was ‘conservative’

WM noted solid collection and disposal activity, higher commodity prices and continued RNG and recycling project completion during Q3. It’s on track to complete its acquisition of Stericycle in Q4.

By Megan Quinn • Oct. 29, 2024

Coastal Waste buys Florida’s Southwest Waste in notable C&D deal

This is the largest transaction to date for Macquarie-backed Coastal. Southwest, founded by Charles Lomangino in 2021, operates multiple facilities throughout western Florida.

By Cole Rosengren • Oct. 28, 2024

Waste Connections reports record M&A activity, sees good momentum into 2025

CEO Ron Mittelstaedt confirmed the company expects to close between 30 to 35 deals this year, with $700 million in revenue acquired so far. Waste Connections also raised its 2024 guidance and previewed 2025.

By Megan Quinn • Oct. 24, 2024

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 Megan Quinn • Oct. 14, 2024

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 Cole Rosengren • Oct. 7, 2024

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 Jacob Wallace • Oct. 2, 2024

Notable waste and recycling conferences in 2025

The C&D World Conference & Exhibition and EREF Summit on Landfill Emissions are the latest industry events to add dates for 2025. 

By Waste Dive Staff • Updated Dec. 11, 2024

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 Cole Rosengren • Sept. 10, 2024

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 Megan Quinn • Sept. 9, 2024

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 Jacob Wallace • Aug. 29, 2024

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 Jacob Wallace • Aug. 28, 2024

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 Jacob Wallace • Aug. 22, 2024

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 Jacob Wallace • Aug. 20, 2024

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 Megan Quinn , Cole Rosengren • Updated Sept. 6, 2024

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 Jacob Wallace • Aug. 14, 2024