The most recent updates to this tracker are:
- Private equity firm Ara Partners announced a $500 million investment in Sedron Technologies. Washington-based Sedron developed its Varcor system, which turns organic material into biogas and fertilizer material. Sedron has previously developed anaerobic digestion facilities to process dairy manure, and recently announced a facility with Synagro Technologies to process biosolids in Florida.
- Red Rock Recycling acquired Oltex, a dumpster rental service provider in the Dallas area. Red Rock Recycling, based in Dripping Springs, Texas, and founded in 2014, said the deal would bring the company closer to its vision of serving the broader Texas market. Red Rock is a hauler offering waste and recycling services.
- New Jersey-based Energy Capital Partners acquired Energy Solutions. Energy Solutions offers transportation, processing, recycling, and disposal of radiological material. Private equity firm ECP had previously invested in Energy Solutions before selling its stake to TriArtisan Capital Advisors. ECP is acquiring the company again from TriArtisan to continue its growth in the nuclear space. ECP also recently invested in Green Infrastructure Partners and previously owned Wheelabrator Technologies.
- Meridian Waste acquired hauler and roll-off container provider Waste Knot, which is also based in Virginia. The deal will increase Meridian’s route density in the Richmond market and drive additional volume to its MRF and the Lunenburg Municipal Solid Waste Landfill. Meridian is backed by Warren Equity Partners.
- Ecowaste Solutions acquired Hometown Disposal, which is based in Salina, Kansas. Hometown serves more than 2,000 customers with residential and bulk waste pickup, commercial dumpsters, construction roll-off containers and cardboard recycling. Texas-based Ecowaste plans to modernize the 13-truck fleet and retain Hometown’s workers, building on its Kansas presence after acquiring Gardner Disposal and Howie’s Enterprises in recent months. Ecowaste was formed by Kinderhook Industries earlier this year.
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.
