The most recent updates to this tracker are:
- Meridian Waste acquired select assets from Virginia-based Lafferty Disposal, a residential collection company. The assets will integrate into Meridian’s Lunenburg Hauling and Lunenburg Landfill operations in southern Virginia. Meridian is backed by Warren Equity Partners.
- Clean Harbors completed two transactions to acquire EnviroServe and ES&H. In August, the company announced a $470 million deal to acquire EnviroServe from private equity firm One Rock Capital Partners. It announced the $305 million deal to acquire ES&H in July as part of its second quarter earnings release. The deals are expected to bolster Clean Harbors’ emergency and field services and add combined annual revenues of $340 million.
- Berq RNG announced a deal to acquire the Rialto Bioenergy Facility in California from Sevana Bioenergy. The deal also includes a pipeline of dairy and swine manure RNG development projects in Idaho, California, and Kansas, per a news release. The Rialto facility was built by Anaergia in 2020, but struggled and was placed into Chapter 11 bankruptcy proceedings in 2023. Sevana acquired the facility in 2024 for $20 million.
- GreenWaste acquired Certified Blue Recycling, which operates a recycling and waste transfer station in San Leandro, California. The facility accepts C&D, carpet and other materials. GreenWaste is a portfolio company of Macquarie Asset Management.
- Vanguard Renewables acquired Generate Upcycle’s five anaerobic digestion facilities in New York and Ontario. The deal will add an estimated 565,000 tons of processing capacity and 1.1 billion cubic feet of renewable natural gas production to Vanguard’s operations. Vanguard is a portfolio company of BlackRock.
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.
