The most recent updates to this tracker are:
- Ecowaste Solutions has acquired Bilyeu Disposal, a Chadwick, Missouri-based trash service. The deal is a tuck-in to Ecowaste's existing Springfield, Missouri, operation. Ecowaste is backed by Kinderhook Industries.
- I Squared Capital entered into an agreement to acquire Milestone Environmental, a Houston-based energy and industrial waste management platform, from SK Capital Partners. Milestone operates 15 permitted disposal facilities, including basins in Texas such as the Delaware and Midland sub-basins, the Eagle Ford basin and the Haynesville basin.
- Mat Tech Industrial Services, a provider of waste, hauling and industrial services in the metro Houston area, has acquired industrial hauling company Hook Set Transportation. The deal expands Mat Tech's footprint in the Gulf Coast region and strengthens its dispatch and fleet capabilities. Mat Tech is backed by Allied Industrial Partners.
The waste and recycling industry's M&A activity has neared historic levels in recent years.
Collective M&A spending by the U.S. solid waste industry's publicly traded companies approached an estimated $3.3 billion in 2025, $10.9 billion in 2024, $4.2 billion in 2023 and $6.3 billion in 2022. This total does not include deals involving companies with private equity or infrastructure fund backing, which have become increasingly active in recent years.
This tracker’s lists for 2021-2023 focused on deals executed by companies that primarily provide municipal solid waste or recycling services in the United States. As of 2024, our list also includes environmental services transactions and all deals in Canada. Transactions involving significant investments, including minority stakes, may also be included.
We list acquirers or lead investors in alphabetical order by their parent company or common operating name, which may differ from the specific legal entities involved in the acquisitions. Please send feedback or tips to waste.dive.editors@industrydive.com.
