Mergers and Acquisitions

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

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 Janmckinley 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

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

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