The most recent updates to this tracker are:

• Vanguard Renewables acquired E-Z Recycling, a food and beverage waste company operating a depackaging facility in St. Paul, Minnesota. The facility currently processes up to 125 tons per day and recently completed upgrades to expand to more than 300 tons per day. The facility will fit into Vanguard’s existing footprint in the region, where it already operates an anaerobic digestion facility.
• Iron Crest, a private waste equipment platform launched in 2024, has completed its acquisition of FleetGenius of NC, building on portfolio companies Poynette Ironworks and Ironworks Truck & Equipment. Naples, Florida-based FleetGenius acquired Bakers Waste Equipment in 2021, and will now operate under that name, though its National Container Solutions business will continue to operate independently. The companies can produce custom manufactured steel containers and purpose-built trucks.
• Louisiana-based industrial services provider Vecta Environmental Services merging with Georgia-based EnviroVac, a provider of environmental, industrial and infrastructure solutions. The merger is meant to strengthen the companies’ footprints in the Texas and Louisiana Gulf Coast region, align complementary services and take advantage of potential expansion opportunities. Brown Gibbons Lang & Co. advised on the deal.

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.