Companies throughout the broader environmental services industry, including the solid waste and recycling businesses, announced a string of acquisitions during the first half of the year. Catch up on Waste Dive’s reporting and analysis about some of the more notable deals and trends. A full list of transactions is also available in our ongoing M&A tracker.
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2024’s notable waste and recycling acquisitions so far
The first six months of the year saw notable deal announcements involving WM, Stericycle, GFL Environmental, Waste Connections, Clean Harbors and more.
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Clean Harbors acquires environmental services firm HEPACO for $400M
By Jacob Wallace • Feb. 6, 2024
HEPACO, which was previously owned by a private equity firm, services more than 2,000 customers in 17 states. This positions Clean Harbors for continued growth in its environmental services segment. Read the full article ➔
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Interstate Waste Services acquiring Oak Ridge in regional expansion
By Cole Rosengren • Feb. 12, 2024
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. Read the full article ➔
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Waste Connections acquires assets from Waste-Away Group in Indiana
By Megan Quinn • Feb. 26, 2024
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. Read the full article ➔
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Frontier Waste Solutions’ first landfill purchase rides fast-growing market
By Jacob Wallace • March 28, 2024
The company recently acquired a newly built C&D landfill, adding to its growing footprint in North Texas and throughout the state. CEO John Gustafson discussed Frontier’s continued plans for expansion. Read the full article ➔
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GFL acquires sizable Florida C&D company Angelo’s Recycled Materials
By Jacob Wallace • April 3, 2024
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. Read the full article ➔
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Public waste companies spent nearly $1.3B on M&A in Q1, but deals were few
By Cole Rosengren • May 6, 2024
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. Read the full article ➔
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Apex Waste Solutions aims to scale in consolidated Colorado market
By Cole Rosengren • May 20, 2024
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. Read the full article ➔
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GFL Environmental selling Detroit-area residential business to Priority Waste
By Cole Rosengren • May 31, 2024
The pending deal, which includes more than 70 municipal collection contracts in the region, could make Priority the largest residential service provider in the state. Read the full article ➔
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WM CEO says medical business growth makes Stericycle deal an attractive fit
By Megan Quinn • June 6, 2024
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. Read the full article ➔
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Environmental services segment still has plenty of M&A runway
By Cole Rosengren • June 13, 2024
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. Read the full article ➔
Recommended Reading
- Tracking the waste and recycling industry’s M&A activity By Cole Rosengren, Jacob Wallace, Megan Quinn • Updated Nov. 12, 2024
Filed Under:
Mergers and Acquisitions
