Mergers and Acquisitions: Page 3
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Clean Harbors announces Noble Oil acquisition, ‘stronger than expected’ Q1
Clean Harbors is also in the process of integrating its recent HEPACO acquisition, and its Safety-Kleen segment will soon partner with Castrol on a recycled lubricant partnership.
By Megan Quinn • May 2, 2024 -
Republic announces progress on polymer centers, growth from M&A in Q1
The company reported another quarter of revenue growth, thanks in part to rising commodity prices and recycling investments yielding results.
By Jacob Wallace • May 1, 2024 -
Q1 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Enviri and Stericycle.
By Waste Dive Staff • Updated May 6, 2024 -
Casella highlights pricing growth, infrastructure project progress in Q1
The Northeastern company detailed plans for fleet optimization, M&A positioning and major mid-2024 facility projects related to rail and RNG improvements.
By Megan Quinn • April 26, 2024 -
Waste Connections seeing labor retention improvements as it eyes ‘record’ M&A year
The company reported better-than-expected revenue for a quarter which included a sizable acquisition in Indiana. CEO Ron Mittelstaedt also shared updated thoughts on how PFAS regulations will affect the sector.
By Jacob Wallace • April 25, 2024 -
Canadian organics processor kick-starts US expansion with Virginia deal
Convertus primarily has been expanding in Canada since it was formed via a private-equity backed merger. Now it’s eyeing several U.S. markets for expansion.
By Jacob Wallace • April 18, 2024 -
Q&A
Stericycle executive talks sustainability, long-term efficiency plans
Cory White, Stericycle’s chief commercial officer, says data insights and customer demand are driving the company’s long-term sustainability strategy, including through fleet optimization, recycling and other efficiencies.
By Megan Quinn • April 16, 2024 -
LRS hires more C-suite execs as company refocuses under new leadership
LRS also underwent a recent round of layoffs, citing "ongoing integration efforts." The changes come after the Macquarie-backed company completed restructuring plans following a period of rapid growth through acquisitions.
By Megan Quinn • April 4, 2024 -
GFL acquires sizable Florida C&D company Angelo’s Recycled Materials
The family-run operation includes a C&D landfill and multiple locations. GFL Environmental CEO Patrick Dovigi previously said the deal would constitute about half of the company’s spending on M&A for the year.
By Jacob Wallace • Updated April 4, 2024 -
Major Rubicon shareholder looks to take the company private
Shareholder Jose Miguel Enrich proposed acquiring the company for the price of its outstanding shares, which have been trading below $1 since February.
By Jacob Wallace • March 15, 2024 -
Largest public waste companies spent an estimated $4.2B on M&A in 2023
Spending by WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems didn’t surpass recent records, but the companies still did dozens of deals throughout the U.S. and Canada.
By Cole Rosengren • March 5, 2024 -
RSG 2023 earnings
Republic reports strong core business growth in 2023, eyes new opportunities in 2024
The company surpassed its full-year guidance as core pricing and average yield increased in the fourth quarter. Republic expects additional opportunities, including those related to PFAS, to fuel growth in 2024.
By Jacob Wallace • Feb. 28, 2024 -
Waste Connections acquires assets from Waste-Away Group in Indiana
The deal expands Waste Connections’ presence into the state. Waste-Away is a third-generation family business that offers collection, recycling and document destruction services in Elkhart and the surrounding areas.
By Megan Quinn • Feb. 26, 2024 -
Rumpke expands into Illinois with acquisition of landfill and hauling company
Sanitation Service was a family-owned operation for more than 60 years. The company cited changes in landfill liability laws and the business environment as part of its motivation to sell to Rumpke.
By Jacob Wallace • Feb. 26, 2024 -
Q4 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors, Enviri and Stericycle.
By Waste Dive Staff • Updated March 6, 2024 -
Clean Harbors’ environmental services segment continues hot streak to end 2023
The company projects another year of growth for its environmental services segment in 2024 thanks to capital investments and acquisitions. It’s also making changes to boost its struggling Safety-Kleen business.
By Jacob Wallace • Feb. 22, 2024 -
GFL 2023 earnings
GFL posts record solid waste pricing, sees expansion opportunities through EPR and M&A
Continued strong pricing, combined with volume shedding of subpar contracts, contributed to margin expansion in solid waste. That trend combines with other tailwinds as GFL continues to improve its debt.
By Jacob Wallace • Feb. 21, 2024 -
CWST 2023 earnings
Casella says acquisition activity, safety improvements marked an ‘exceptional’ year
Casella touted a successful year from numerous acquisitions and operational improvements. Executives previewed further infrastructure upgrades at the Willimantic recycling facility, plus a $800M acquisition pipeline for 2024.
By Megan Quinn • Feb. 16, 2024 -
WCN 2023 earnings
Waste Connections highlights ‘disciplined execution’ for Q4 and recovering labor trends
CEO Ron Mittelstaedt characterized 2023 as a “year of renewal” and applauded strong acquisition activity and improved safety and retention.
By Megan Quinn • Feb. 14, 2024 -
WM 2023 earnings
WM touts sustainability spending, ‘strong’ operations growth to wrap up Q4
Executives credited price and cost-saving measures for Q4 earnings growth and said the company will invest up to $2.9B in its recycling and renewable energy platforms through 2026.
By Megan Quinn • Feb. 13, 2024 -
Deep Dive
Who came out on top with New York commercial waste zone contracts?
The 65 contracts awarded to provide service in the five boroughs effectively reset the market. Major companies such as Action Environmental and Waste Connections did well; others are left with tough choices.
By Cole Rosengren • Feb. 13, 2024 -
Interstate Waste Services acquiring Oak Ridge in regional expansion
The transaction marks the first sizable purchase since New Jersey-based IWS was recapitalized last year. Oak Ridge Waste & Recycling’s assets cover multiple markets in Connecticut and New York.
By Cole Rosengren • Feb. 12, 2024 -
Q&A
Balcones Recycling leaders tout strong MRF network, municipal contract foundation
Tom Outerbridge and Adam Vehik say the merger between Sims Municipal Recycling and Balcones Resources has strengthened recycling operations and set the table for future growth.
By Megan Quinn • Feb. 5, 2024 -
The waste and recycling industry outlook for 2024
Recycling policy, PFAS regulations, landfill methane, organics infrastructure and M&A are all expected to be key topics for the year ahead.
By Waste Dive Staff • Jan. 29, 2024 -
Deep Dive
RNG industry expects voluntary agreements, new credits to spur growth in 2024
The renewable natural gas industry saw more than 60 projects come online last year. This year, it’s expecting to build on that growth as the industry matures.
By Jacob Wallace • Jan. 22, 2024