Mergers and Acquisitions: Page 13
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Macquarie backs LRS, ramping it up for even more Midwest expansion
CEO Alan Handley said the company's active M&A pace will accelerate with the new funding. The deal marks an exit by prior investors such as Goldman Sachs and Ironwood Capital.
By Cole Rosengren • Sept. 9, 2021 -
Republic Services purchases ACV Enviro for environmental services expansion
The acquisition of this New Jersey-based operation follows CEO Jon Vander Ark's prior comments about growing the company's environmental services business, including hazardous waste.
By Cole Rosengren • Sept. 2, 2021 -
Waste Connections acquiring E.L. Harvey & Sons in notable New England expansion
E.L. Harvey, a multigenerational Massachusetts operation, has a large collection fleet along with sizable recycling and transfer facilities. Waste Connections aims to grow the company's annual revenue of $110 million.
By Cole Rosengren • Updated Sept. 2, 2021 -
WCN 2021 earnings
Waste Connections seeing 'record' seller enthusiasm for M&A, multiple West Coast deals in works
Like competitors, the company has largely recovered lost pandemic business and is raising prices to stay ahead of wage pressures. To date, 14 acquisitions have closed and many more are in this year's pipeline, leaders said.
By Cole Rosengren • Aug. 5, 2021 -
Casella anticipates further expansion into Connecticut after Willimantic acquisition
The Northeast company touted "productive conversations" with other potential sellers in the region, and it estimated the McKean Landfill could come online in Pennsylvania by the end of 2022, during its latest earnings call.
By Megan Quinn • Aug. 2, 2021 -
RSG 2021 earnings
Republic Services Q2: 'no pause' on M&A after Santek, eyeing environmental solutions deals
The labor shortage and coronavirus pose some uncertainty, the company acknowledged, but it raised guidance based on strong recovery trends. Executives also discussed new landfill gas and recycling opportunities.
By Maria Rachal • July 30, 2021 -
GFL 2021 earnings
GFL launches renewable energy platform, forecasts ample M&A opportunities
While Canada's economic recovery is expected to roll into next year, the company is already seeing pre-pandemic volumes in other areas and big free cash flow gains. A new focus on landfill gas projects may boost that trend.
By Cole Rosengren • July 29, 2021 -
Noble Environmental acquires GFL landfills, collection assets in Pennsylvania region
The deal is a major expansion for Noble, one of the state's largest private haulers. GFL acquired the sites as part of the Waste Management-Advanced Disposal divestiture package last year.
By Cole Rosengren • July 22, 2021 -
Covanta completes $5.3B sale to EQT Infrastructure, new CEO takes over
A deal to go private is now complete, with former energy executive Azeez Mohammed taking the reins. The company has also set two sustainability targets as part of its financing package.
By Cole Rosengren • Updated Nov. 30, 2021 -
Biden antitrust push faces steep road
Although the president and congressional majority are aligned on increasing competition in certain sectors, it's not clear agencies will bring much firepower to the effort.
By Robert Freedman • July 12, 2021 -
Waste CEOs emphasize labor, ESG and M&A as top priorities after pandemic
Leaders from Waste Management, Republic Services, Waste Connections, GFL Environmental and other groups weighed in on labor solutions, fleet technology and the economy at WasteExpo.
By Cole Rosengren • July 6, 2021 -
Q1 earnings: Waste companies putting pandemic behind them, anticipate more economic rebound coming
Outside of Canada, the majority of local economies have reopened and volumes are bouncing back. Catch up on results and takeaways on the first quarter of 2021 from the industry's largest solid waste operators.
By Waste Dive Team • May 10, 2021 -
Solid waste companies talk disposal pricing, ESG and Biden in Q1 earnings outlooks
Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems leaders commented on pandemic recovery trends and other pressing topics.
By Cole Rosengren • May 10, 2021 -
GFL 2021 earnings
GFL Environmental reports positive volume outlook despite Canadian lag, closes 10 acquisitions
While Canada's pandemic restrictions continue to affect GFL's business, U.S. recovery trends and past acquisitions are providing a boost. Ample M&A opportunity remains due in part to potential tax changes, the company said.
By Cole Rosengren • May 6, 2021 -
RSG 2021 earnings
Republic ups guidance as Santek acquisition is finalized, CEO handoff on horizon
Even after a long approval process for the just-closed Santek purchase the company is "not deterred" from pursuing larger M&A deals and intends to invest $600 million in acquisitions this year, said incoming CEO Jon Vander Ark.
By Maria Rachal • May 6, 2021 -
Covanta intends to close multiple plants in coming years, divestitures still possible
Through its strategic review, the company anticipates $30 million in annual cost savings by 2023 and plans to exit certain operating contracts. Meanwhile, a new U.K. plant will begin receiving waste within weeks.
By Cole Rosengren • April 30, 2021 -
WCN 2021 earnings
Waste Connections Q1: Landfill volumes 'above pre-COVID levels'
Amid pandemic recovery, in March the company had its largest hiring levels since September 2019. It reported better commodity pricing and solid waste volumes even in regions hit hardest by COVID-19.
By Megan Quinn • April 29, 2021 -
WM 2021 earnings
Waste Management raises guidance as pandemic recovery accelerates, predicts possible labor headwind
Pricing and the Advanced Disposal acquisition were key first quarter boosts. Executives also announced a new chief sustainability officer and weighed in on the Biden administration's infrastructure proposal.
By Cole Rosengren • April 27, 2021 -
Republic closes acquisition of Santek, following DOJ divestiture agreement
A settlement includes collection and disposal assets in four Southeast states going to portfolio companies of Kinderhook Industries and Texas routes going to Waste Connections.
By Cole Rosengren • Updated May 5, 2021 -
Wheelabrator debuts WIN Waste Innovations brand following Tunnel Hill acquisition
The newly combined operations of 10 companies will have an estimated $1 billion annual revenue run rate. Following a recapitalization, CEO Bob Boucher said more M&A is planned and an IPO or sale could happen in the future.
By Cole Rosengren • Updated April 6, 2021 -
GFL Environmental closes Terrapure acquisition, including key Toronto-area industrial landfill
The C$927.5 million deal, which GFL pursued for many years, will further solidify the company's presence throughout Canada.
By Cole Rosengren • Updated Aug. 17, 2021 -
Waste Connections pursues escalating New York legal fight in face of stiff competition
Subsidiary County Waste sued former owner Scott Earl over alleged unfair practices and issues related to the rise of his new company, Twin Bridges. The two are battling over prices and acquisition targets around the Capital Region.
By Cole Rosengren • March 2, 2021 -
2020 earnings coverage for US waste and recycling companies
Catch up on Waste Dive's quarterly analysis of results from Waste Management, Republic Services, Waste Connections, GFL Environmental, Covanta and Casella Waste Systems during 2020.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: GFL Environmental
In its first year as a public company, starting right as the pandemic unfolded, GFL completed multiple major transactions and is on track for ongoing rapid growth.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: Casella Waste Systems
This key Northeast company continued growing its dominant presence in the market amid the pandemic, with plans to further expand multiple key landfill assets.
By Waste Dive Team • Feb. 24, 2021