Mergers and Acquisitions: Page 9
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Q&A
WM’s VP of recycling discusses what the Avangard acquisition means for plastic markets
WM has invested in secondary processing ventures before, but VP Brent Bell said the market conditions make this round different. He also shared what the deal could mean for a Honeywell chemical recycling proposal and more.
By Cole Rosengren • Sept. 14, 2022 -
WM to acquire majority stake in plastic film recycling business Natura PCR from Avangard
North America’s largest MRF operator intends to focus on recycling commercial films and shrink wraps, with a goal of producing 400 million pounds of PCR per year. This follows its investment in mixed plastics recycler Continuus Materials.
By Cole Rosengren • Sept. 13, 2022 -
Total Reclaim CEO acquires majority stake after buying out convicted former owners
Bobby Farris joined the Washington-based electronics recycler as CEO in 2019. This transaction marks the official exit of former leaders who were convicted on federal fraud charges.
By Cole Rosengren • Sept. 12, 2022 -
Republic Services expands Colorado footprint with two hauling acquisitions
The purchases of Monument Waste Services and Rocky Mountain Sanitation give the company a larger presence in the state’s Western Slope region. One company also operates a newer landfill in that market.
By Cole Rosengren • Sept. 8, 2022 -
Waste Connections purchases A.J. Blosenski, one of Pennsylvania’s largest independent haulers
The multigenerational company has a large collection fleet, a rail-served C&D transfer facility and a dual-stream MRF. The transaction is seen as a logical expansion following Waste Connections’ purchase of Penn Waste.
By Cole Rosengren • Sept. 7, 2022 -
WM buys central Virginia hauler and recycler in latest sign of M&A return
Green Earth, a company based in Harrisonburg that offers collection services and container rentals throughout the Shenandoah Valley, announced its sale in a letter to customers.
By Cole Rosengren • Sept. 2, 2022 -
WM acquires Ray’s Trash, the largest private hauler in the Indianapolis area
Ray’s, a family-run business since 1965, comes with hundreds of trucks and multiple transfer or recycling facilities. This is the first larger acquisition for WM since it bought Advanced Disposal Services in 2020.
By Cole Rosengren • Sept. 1, 2022 -
‘Like holding a bronco back’: Pro Disposal charts a path for controlled growth in South Carolina
President Alex Cano and investors explained how a new disposal acquisition sets the company up for further growth in the Charleston, South Carolina, to Savannah, Georgia, corridor.
By Cole Rosengren • Sept. 1, 2022 -
Q&A
LRS CEO outlines how M&A and sustainability are creating a Midwest powerhouse
One year into Macquarie’s ownership of LRS, CEO Alan Handley shared what’s next for the company’s expansion, talked plans to hit a $600 million revenue run rate, previewed a new Chicago MRF and more.
By Cole Rosengren • Aug. 30, 2022 -
Waste Connections acquiring 3 franchise haulers around San Jose, California
The newly confirmed transactions involving haulers that service San Jose, Milpitas and Livermore, California, all come with long-term municipal contracts that fit the company’s acquisition strategy.
By Cole Rosengren • Updated Aug. 25, 2022 -
Deep Dive // NYC commercial waste reform
New York commercial waste haulers hold their breath after submitting bids for 10-year contracts
Bids are in to operate in the Department of Sanitation’s upcoming commercial waste zone system. Haulers of all sizes are waiting to learn their fates while operating under lingering pandemic and inflationary pressures.
By Cole Rosengren • Aug. 24, 2022 -
Red River Waste sold to private equity firm for $12.6M
The sale’s finalization marks the end of a long-running bankruptcy case and bid process for the Texas-based company that experienced service issues in multiple cities over recent months.
By Cole Rosengren • Aug. 22, 2022 -
Where the Teamsters are looking to grow their ranks in waste and recycling
General President Sean O’Brien’s “militant” approach is reportedly influencing discussions with employers and members alike as the waste industry’s biggest union looks to expand its reach.
By Cole Rosengren • Aug. 18, 2022 -
Archaea talks expanding RNG venture with Republic, significant implications of new federal tax credits
During a Tuesday earnings call, executives discussed their growing joint venture with Republic Services and newly attractive carbon sequestration and hydrogen projects supported by the Inflation Reduction Act.
By Cole Rosengren • Aug. 17, 2022 -
Rubicon stock begins trading, company reports nearly $197M in proceeds from SPAC deal
The Kentucky-based technology company has started trading on the New York Stock Exchange under the symbol RBT, with plans for further expansion following the new influx of capital.
By Cole Rosengren • Aug. 16, 2022 -
Q&A
How WIN Waste Innovations’ unique set of WTE, landfill and rail assets positions it for industry expansion
In an exclusive interview at its headquarters a little over a year after the company's formation, CEO Robert Boucher discussed a possible IPO, upcoming ESG initiatives and the outlook for legacy Wheelabrator facilities.
By Cole Rosengren • Aug. 11, 2022 -
Public waste companies have spent nearly $3.9B on M&A so far this year
WM plans to get back in the mix with a greater level of spending, while Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems remain quite active.
By Cole Rosengren • Aug. 10, 2022 -
Recession or not, waste and recycling companies say outlooks remain strong
Regardless of the direction of the economy, industry execs on earnings calls pointed to waste volume trends, wage rates, price increase acceptance, and experience with past downturns to express confidence.
By Cole Rosengren , Maria Rachal , Megan Quinn • Aug. 8, 2022 -
RSG 2022 earnings
Republic Services eyes $600M in 2022 acquisition spending outside of US Ecology
With the recently purchased environmental solutions business delivering on planned cost savings, Republic’s future pipeline will focus primarily on recycling and solid waste transactions, execs said during their earnings call.
By Maria Rachal • Aug. 5, 2022 -
Q2 earnings results for major waste and recycling companies
Catch up on the latest round of financial results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Stericycle.
Updated Aug. 10, 2022 -
Q2 recycling report: Commodity price peak may have subsided, MRF upgrades an ongoing priority
Follow the latest insights about market trends and investment priorities from executives at WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems.
By Cole Rosengren , Megan Quinn • Updated Aug. 5, 2022 -
WCN 2022 earnings
Waste Connections expects to acquire at least $470M in revenue this year, pricing drives Q2 results
CEO Worthing Jackman previewed what he estimates will be “double-digit revenue growth in 2023” due to further M&A activity, solid waste pricing increases and revenues from E&P waste services.
By Megan Quinn • Aug. 3, 2022 -
Clean Harbors says industrial reshoring is helping waste pipeline, reports Georgia acquisition
The environmental services company saw significant growth in its latest results, touting signs it thinks will continue in the months ahead. During their earnings call, executives also discussed capacity expansion, PFAS and ESG impacts.
By Cole Rosengren • Aug. 3, 2022 -
Rubicon on track to close $1.7B SPAC deal, go public this month following favorable shareholder vote
The Kentucky-based technology company is forecasting $736 million in revenue for the year, with big plans to expand organically and through acquisitions of other brokers once it finally goes public.
By Cole Rosengren • Updated Aug. 3, 2022 -
CWST 2022 earnings
Casella hits $1B in annual revenue, updates guidance for second time this year
CEO John Casella attributed the “best quarter in company history” to pricing programs that covered cost inflation and growth from 11 acquisitions this year. Recycling and disposal capacity projects are also progressing.
By Megan Quinn • Aug. 1, 2022