The most recent updates to this tracker are:
- WM acquired Maryland-based WB Waste Solutions, a large commercial and industrial hauler in the region. WB’s assets include a C&D landfill in Virginia, a single-stream MRF in Maryland and multiple transfer stations managing C&D and MSW. The company was founded in 2014 as a joint venture between Willie K. Goode and Bruce Bates, who will continue operating other residential waste companies in the region.
- Waste Connections recently acquired New Jersey-based Atlantic Coast Recycling, a multigenerational family business. The company operates a 125,000-square-foot MRF in Passaic that it rebuilt after a 2021 fire. During a recent earnings call, CEO Ron Mittelstaedt said the facility has capacity for an estimated 20,000 tons per month and was handling around 14,000 at the time of the acquisition. This will allow Waste Connections to internalize more volumes from the New York City market.
- GreenWaste acquired the East Stockton Transfer and Recycling Center in Stockton, California. The facility, which accepts a range of recyclables and C&D material, was rebranded as the GreenWaste Stockton Material Recovery Facility and Transfer Station. GreenWaste is a portfolio company of Macquarie Asset Management.
- Denali acquired North Carolina-based Wallace Farm, a family-owned composting company. Its assets include a 75-acre facility in Huntersville and a 162-acre facility in Advance. Denali is a portfolio company of private equity firm TPG Growth.
- Meridian Waste acquired Alabama-based Waste Away Dumpster Service, a provider of commercial and roll-off hauling services in the Huntsville area. The deal is intended to drive volumes to the Noble Hill Landfill, which Meridian acquired last year. Meridian is a portfolio company of Warren Equity Partners.
- Republic Services acquired two related companies, Town & Country Sanitation and Peterson Sanitation, in Wisconsin. The companies service a range of residential, commercial and roll-off clients in parts of Wisconsin and Iowa, with an estimated 70-plus vehicles. Their assets also included a transfer station.
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 $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.
