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 Cole Rosengren , Megan Quinn • Aug. 6, 2024

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 Jacob Wallace • Aug. 1, 2024

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 Jacob Wallace • July 31, 2024

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 Cole Rosengren , Megan Quinn • Updated Aug. 1, 2024

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 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 Megan Quinn • July 25, 2024

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 Cole Rosengren • July 25, 2024

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 Megan Quinn • July 23, 2024

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 Jacob Wallace • Updated Oct. 9, 2024

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 Cole Rosengren • Updated July 25, 2024

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 Megan Quinn • July 9, 2024

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 Cole Rosengren • Updated July 9, 2024

2024’s notable waste and recycling acquisitions

The year saw notable deal announcements involving WM, Stericycle, GFL Environmental, Waste Connections, Clean Harbors, Casella Waste Systems, Interstate Waste, Coastal Waste and more.

By Waste Dive Staff • Updated Dec. 13, 2024

Environmental services segment still has plenty of M&A runway

Republic Services, Clean Harbors, Crystal Clean, Reworld and other companies have been very active with M&A in recent years. Here’s why analysts and executives expect that to continue.

By Cole Rosengren • June 13, 2024

NYC officials spotlight commercial waste zone selection, pricing and M&A

A tense council hearing elicited more context about how the Department of Sanitation selected companies for coveted 10-year contracts but little new information on implementation timing beyond the first zone.

By Cole Rosengren • June 7, 2024

GFL Environmental entertaining offers to sell some or all of its business

The company may be favoring an offer for its environmental services division, according to investment firm Stifel. GFL executives have previously expressed frustration with their experience as a publicly traded company.

By Jacob Wallace • June 6, 2024

WM CEO says medical business growth makes Stericycle deal an attractive fit

During the Stifel Cross Sector Insight Conference, WM executives shared more insight about how Stericycle’s positioning in the medical waste and recycled paper markets aligns well with their long-term plans.

By Megan Quinn • June 6, 2024

WM to acquire Stericycle in $7.2B deal

WM sees the acquisition as a way to capitalize on anticipated growth in the healthcare waste sector and position itself as a “single, trusted provider” for numerous waste services.

By Megan Quinn • June 3, 2024

Apex Waste Solutions aims to scale in consolidated Colorado market

Apex launched with a goal of offering independent service after larger companies bought out many local haulers. Now, with private equity backing from Kinderhook, the company is growing quickly through its own purchases.

By Cole Rosengren • May 20, 2024

Casella president outlines growth plans for mid-Atlantic and other priorities

Ned Coletta, roughly six months into his role as president, is working on multiple aspects of the company’s strategy. He recently shared updates on disposal capacity, PFAS treatment, RNG projects, training and more.

By Megan Quinn • May 16, 2024

Waste Pro leaders talk employee training and growth plans in the Southeast

CEO Sean Jennings and COO Keith Banasiak say offerings like CDL and technician schools, plus a focus on customer service and selective acquisitions, could help them hit the $2 billion revenue mark in a few years. 

By Megan Quinn • May 14, 2024

Rubicon exits software, city business in deal with major shareholders

CEO Phil Rodoni said the deal gives Rubicon “financial agility” at a time when it has struggled to remain profitable.

By Jacob Wallace • May 7, 2024

Public waste companies spent nearly $1.3B on M&A in Q1, but deals were few

Waste Connections led the group with multiple notable transactions, including a large E&P waste purchase, but other companies had a more muted start to the year.

By Cole Rosengren • May 6, 2024

Enviri pauses Harsco rail sale plans but reports positive outlook for Q1

Enviri executives focused on cost savings and improved debt leverage as the company reconsolidates rail assets, which it had trouble selling despite interest from buyers. 

By Megan Quinn • May 2, 2024

GFL eyes new opportunities in Canada amid improving cash outlook

Revenues outperformed expectations and costs improved in the first quarter of the year, executives said, leading to an updated outlook for the company for the full year.

By Jacob Wallace • May 2, 2024