Mergers and Acquisitions: Page 14
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2020 earnings coverage: Covanta
The industry's largest incinerator operator was affected by the pandemic like many others and later initiated a strategic review that could bring notable changes to its future.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: Waste Connections
The industry's third-largest company continued to expand through M&A, responded to the coronavirus pandemic and committed to $500 million in ESG spending.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: Republic Services
The industry's second-largest player adapted to the pandemic, completed a busy year of M&A and pushed ahead on fleet electrification plans.
By Waste Dive Team • Feb. 24, 2021 -
2020 earnings coverage: Waste Management
The North American industry's largest company weathered the pandemic, announced new ESG plans and completed the major acquisition of Advanced Disposal Services.
By Waste Dive Team • Feb. 24, 2021 -
GFL Environmental plans another 'outsized' M&A year, outlines growth through 2023
After a year of significant expansion, the Canadian company is working on another large deal, numerous tuck-ins and potential divestitures. Plus, it's optimistic about benefits in a post-pandemic economy.
By Cole Rosengren • Feb. 23, 2021 -
Republic Services reiterates all in on electrification over CNG, Santek close nearing
The second-largest North American waste operator expects economic recovery to continue in 2021, with bullish plans for M&A.
By Maria Rachal • Feb. 23, 2021 -
Solid waste companies emerge resilient from Q4, with some lingering pandemic effects
Earnings from the industry's publicly traded solid waste companies show the sector has largely rebounded, but is still affected by a slow economic recovery.
By Waste Dive Team • Updated Feb. 23, 2021 -
Casella moving ahead with multiple Northeast landfill expansions as capacity tightens
With a Connecticut facility expected to close in 2022, and other factors in play, Casella hopes to activate its McKean Landfill in Pennsylvania as a new destination. Expansions are also underway in New York and Vermont.
By Megan Quinn • Feb. 19, 2021 -
Covanta exploring multiple potential divestitures, sees UK as 'primary growth avenue'
A strategic review led by Covanta's new CEO will be completed mid-year, as the company prepares to shop assets and consider cost reductions. Four of its upcoming U.K. projects are expected to be increasingly profitable.
By Cole Rosengren • Feb. 19, 2021 -
Waste Connections Q4: $180M worth of M&A in 2020 opens new markets
The company highlighted improved solid waste volumes and increased values for recycled commodities and renewable fuels, all of which contributed to a better than expected quarter despite the ongoing pandemic.
By Megan Quinn • Feb. 18, 2021 -
Waste Management CEO says economy 'ready to take off,' major North American M&A likely done
In the first full earnings report since acquiring Advanced Disposal, executives shared updates on integration and pandemic recovery. They also leaned into ESG as an opportunity under the Biden administration.
By Cole Rosengren • Feb. 18, 2021 -
Lakeshore Recycling Systems accelerates Midwest expansion following biggest acquisition yet
The Illinois-based company has resurrected a landfill into one of the state's most active disposal sites, recently picked up a sizable independent hauler in the Chicago area and is making moves in Wisconsin.
By Cole Rosengren • Feb. 2, 2021 -
Biden tax, oversight plans could add to M&A costs
Sellers can be expected to seek higher valuations to offset a higher corporate tax rate and changes in capital gains, deal specialists say. And some deals could get more regulatory scrutiny.
By Robert Freedman • Jan. 21, 2021 -
2020 shapes up as major year for M&A, consolidation in waste and recycling industry
Waste Management, Republic Services, Waste Connections, GFL Environmental, Wheelabrator and many others all had a particularly active stretch of deal-making across numerous states.
By Cole Rosengren • Dec. 15, 2020 -
New England M&A heats up as Wheelabrator, Boston Carting Services expand
The private equity-backed players are just two examples of companies making moves in a region many view as primed for consolidation. As other companies expand their footprints, there may be more to come.
By Cole Rosengren • Dec. 15, 2020 -
Q&A
How Harsco reimagined its Clean Earth division mid-pandemic as a national hazardous waste player
President David Stanton discusses building a new business following the acquisition of assets from Stericycle, pandemic effects, recycling opportunities, and the big potential around managing PFAS waste.
By Cole Rosengren • Dec. 8, 2020 -
Q&A
Quest CEO talks first acquisition, weathering pandemic and growing demand for sustainability
The "asset-light" company's national platform of commercial accounts took a hit this year, like many others. Leader Ray Hatch, formerly of Oakleaf, sees signs of a recovery and more potential deals ahead.
By Cole Rosengren • Nov. 30, 2020 -
Republic Services Q3: Annual M&A spend now on track for up to $900M
Driven by the pending acquisitions of Santek Waste and Randy's Environmental, Republic is on track for a big year. The company also reported sequential pandemic recovery in multiple lines of business.
By Cole Rosengren • Nov. 6, 2020 -
GFL Q3: CEO rebukes short-seller report, outlines tuck-ins following two big deals
With integration underway for WCA Waste, and divested assets from Waste Management and Advanced Disposal, the Canadian company sees dozens of tuck-in opportunities ahead.
By Cole Rosengren • Nov. 5, 2020 -
Waste Management Q3: Executives optimistic about pandemic recovery, Advanced synergy savings
Executives reiterated cost saving expectations following the marathon deal process, highlighted incremental volume improvements, shared ESG spending updates and discussed the potential effects of a Biden victory.
By Cole Rosengren • Nov. 2, 2020 -
Waste Connections Q3: Pandemic recovery plateauing, $500M ESG plan launched
Business is still rebounding from shutdown levels, and M&A activity continues across North America, but unknowns also remain ahead of the election and a rising coronavirus caseload.
By Cole Rosengren • Oct. 29, 2020 -
Waste Management completes $4.6B acquisition of Advanced Disposal, following regulatory approval
The news caps off a more than 18-month process, with substantially more divestitures than originally planned. The sale to GFL Environmental of divested assets in 10 states is now complete.
By Cole Rosengren • Updated Oct. 30, 2020 -
Republic Services to acquire Minnesota hauler Randy's Environmental
The family-owned company describes itself as the largest independent operator in the state, with numerous contracts in the Minneapolis area. It is also known for a unique co-collection system for organics.
By Cole Rosengren • Oct. 23, 2020 -
RTS acquires organics recycler and circular product manufacturer Ambrosia
The deal includes Ambrosia's processing facility in New Jersey, making RTS vertically integrated for organics in the New York metro area. Future facilities will be considered in other markets.
By Cole Rosengren • Oct. 22, 2020 -
Waste industry figures see major election consequences for taxes and regulation
WasteExpo speakers, including Ron Mittelstaedt, said national Democratic victories could lead to an emphasis on climate and PFAS regulations. Corporate and capital gains tax rates could also rise, with M&A implications.
By E.A. Crunden • Sept. 21, 2020
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