The most recent updates to this tracker are:
- GFL Environmental acquired Central Illinois Disposal & Recycling, a small, family-owned hauler in business since 1979, as reported by the the Ford County Chronicle and local customers on social media.
- A&D Environmental Services acquired two industrial waste management facilities from Advanced Environmental Options in Spartanburg, South Carolina, and Mooresboro, North Carolina. A&D is part of The RossWay Group.
- Waste Solutions Canada, a managed service provider for waste and recycling based in London, Ontario, announced its acquisition of PragmaTech Waste Solutions. The acquired company, also based in Ontario, has provided waste management consulting services for more than 30 years. The deal expands WSC's services to more than 5,000 locations in the U.S. and Canada. This is the company’s third acquisition in five years, and it plans to continue pursuing such opportunities moving forward.
- TerraCycle acquired Connecticut-based NLR, a provider of universal waste recycling services for categories such as lamps, batteries and electronics. This is the fourth acquisition for TerraCycle’s Commercial division as it looks to expand. The deal was largely paid for with funds raised in 2025.
- Liberty Waste Solutions acquired North Carolina-based M&M Garbage Disposal. M&M provides subscription residential services in the Greensboro and Triad areas. Liberty is backed by private equity firm 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.
