Mergers and Acquisitions


  • People stand around a promotional booth featuring material for Waste Harmonics Keter in an exposition hall.
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    Permission granted by Waste Harmonics Keter
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    Waste Harmonics Keter looks for growth opportunities after merger

    Chief Commercial Officer Stephen Mohan outlined plans for the combined waste brokers to scale, including potential M&A. The company recently cut staffing at a New York office as part of the integration process.

    By May 8, 2025
  • A WB Waste Solutions truck driving in Virginia
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    Gabriel Langton. Retrieved from Flickr.
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    WM acquires DC-area WB Waste Solutions

    The private, Maryland-based operation was formed by industry veterans Willie K. Goode and Bruce Bates. It includes a range of commercial and industrial hauling and post-collection assets.

    By , May 7, 2025
  • Republic Services truck tipping load of recyclables
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    Courtesy of Republic Services
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    Top 5 waste companies spent nearly $1.5B on M&A in Q1

    Republic Services’ purchase of Shamrock Environmental led spending for the quarter. Other notable deals include Waste Connections’ purchase of Atlantic Coast Recycling in New Jersey.

    By May 7, 2025
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    Courtesy of Casella Waste Systems
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    Casella notes positive Q1, recycling efficiencies and insulation from tariffs

    Casella also noted four acquisitions so far in 2025 and plans to continue internalizing more landfill tons and updating fleets.

    By May 2, 2025
  • Republic Services collection truck driving
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    Courtesy of Republic Services
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    Republic Services acquires pair of private haulers in Wisconsin

    The purchase of Town & Country Sanitation and Peterson Sanitation caps off decades of private ownership. The transaction is part of Republic’s intention to spend at least $1 billion on M&A this year.

    By May 1, 2025
  • GFL Environmental truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    GFL plans to build on existing post-collection asset footprint amid M&A push

    Executives said the company is on track to meet or exceed the high end of their acquisitions guidance this year, fueled by proceeds from the sale of GFL’s environmental services business.

    By May 1, 2025
  • Waste Management trucks passing each other in Somerville, Massachusetts
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    Cole Rosengren/Waste Dive
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    Q1 earnings results for major waste and recycling companies in 2025

    Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems and Clean Harbors.

    By Waste Dive Staff • Updated May 7, 2025
  • Waste Management CNG trucks in parking lot
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    Courtesy of Waste Management
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    WM says tariffs unlikely to affect RNG, MRF plans for 2025

    CEO Jim Fish said the quarter exceeded expectations, despite severe weather. The company also reported ongoing progress as it integrates the Stericycle assets.

    By April 29, 2025
  • Republic Services unveils "the industry's first fully integrated electric recycling and waste collection truck."
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    Courtesy of Republic Services
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    Republic posts strong start to year amid ambiguity around credits, tariffs

    The company reported financials for the first quarter of the year. Executives said their sustainability projects and underlying business were on solid financial footing in Q1 despite macroeconomic uncertainty.

    By April 25, 2025
  • Waste Connections truck on display at WasteExpo 2022
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    Maria Rachal/Waste Dive
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    Waste Connections highlights ‘better than expected’ Q1 amid tariff uncertainty

    CEO Ron Mittelstaedt said strong pricing and “outsized” M&A activity continues. The company reiterated its Q2 outlook and said it’s planning to insulate from macroeconomic factors like tariffs.

    By April 24, 2025
  • A low-slung concrete building with a smokestack in the back pictured from across a pond. Palm trees line the front of the building.
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    Permission granted by Win Waste Innovations
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    FCC Environmental Services acquires Florida WTE facility

    This is the company’s first such U.S. facility, though it operates a dozen WTE sites internationally. FCC also has a large presence in Florida via services for commercial and residential customers. 

    By April 23, 2025
  • Headshot of a man wearing a suit and smiling
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    Permission granted by Quest
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    Quest CEO: ‘Next stage requires a change in culture’

    Perry Moss, appointed CEO last month, said in an interview that he would bring a new “process-oriented” perspective to the company that would resolve some of its mistakes last year.

    By April 1, 2025
  • Aerial view of a recently expanded cell at the Murray County Landfill in Georgia.
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    Permission granted by Capital Waste Services
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    Waste and recycling is now a $100B industry, report says

    The industry continued to see consolidation among public companies, especially in disposal activities, in 2024.

    By March 21, 2025
  • Aerial view of a large industrial shed taken with the sun low in the horizon. Agricultural fields are visible in the background.
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    Courtesy of Divert
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    Divert announces 3rd C-suite appointment of 2025

    The company is in the midst of permitting and growing new facilities in multiple states to achieve its vision of a national anaerobic digestion network. CEO Ryan Begin said the hires would help Divert meet that goal.

    By March 18, 2025
  • The Toyota logo on a sign at a dealership.
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    Tomohiro Ohsumi via Getty Images
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    Toyota subsidiary to acquire Radius Recycling in $907M deal

    The deal is expected to expand Toyota’s closed loop system for materials like steel, precious metals and batteries used by automotive manufacturers. 

    By March 17, 2025
  • A truck with Stericycle branding sits among cars on the road with a tall office building behind it.
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    Jacob Wallace/Waste Dive
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    WM eyes growth from healthcare trends as it integrates Stericycle

    WM sees future healthcare trends, such as the growth of at-home healthcare, as a business opportunity as it works to ramp up Stericycle’s McCarran incinerator and plans a rebrand, said Rafa Carrasco.

    By March 17, 2025
  • Equipment and bales of paper
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    (2025). [photo]. Retrieved from PPL Group.
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    Texas MRF operator for sale amid $8M loan dispute, possible asset liquidation

    Independent Texas Recyclers, which once served some 1 million Houston households, allegedly missed payments on equipment and later discontinued operations.

    By Updated March 24, 2025
  • Workers sort recycling by hand on a conveyor belt
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    Courtesy of Interstate Waste Services
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    Interstate Waste Services opens $30M MRF to take on NYC commercial volumes

    IWS designed the MRF to accommodate specific volumes from New York City’s commercial waste zones, while also allowing the company to internalize volumes it once sent to other recyclers.

    By March 5, 2025
  • Blue garbage truck on road
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    Permission granted by LRS
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    LRS sells its Wisconsin assets to GFL Environmental

    LRS will exit the Wisconsin market, including a MRF contract, to focus on organic growth in its other core regions, CEO Matt Spencer said. The company also sold a small business in Illinois.

    By March 4, 2025
  • A demonstration hauler with GFL's logo outside a conference center
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    Jacob Wallace/Waste Dive
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    What’s next for GFL after environmental services deal closes

    Executives discussed a variety of moves that may reshape the company, including re-domiciling in the U.S. and ramping up M&A. GFL is now targeting more than $3 billion in EBITDA (Canadian) by 2028.

    By March 3, 2025
  • Garbage truck empties cart into back.
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    Anton Novikov via Getty Images
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    Major public waste companies spent nearly $11B on M&A in 2024

    WM drove major spending with its $7.2 billion Stericycle deal in 2024. Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems also completed numerous deals during the year.

    By , , March 3, 2025
  • A trash truck picks up a dumpster
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    Courtesy of Rumpke Waste & Recycling
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    Q&A

    Rumpke CEO: ‘Our growth has been dramatic.’

    Bill Rumpke Jr. noted a busy 2024 for acquisitions and infrastructure investments led to $1.2 billion in revenue. He previewed more hiring, employee training and tech investments for 2025.

    By Feb. 25, 2025
  • A person wearing a jacket with "EPA" emblazoned on the back meets outside a tent with a worker wearing high-visibility clothes and a helmet.
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    [Photograph]. Retrieved from U.S. Environmental Protection Agency.
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    Zeldin begins remaking EPA amid workforce changes

    Federal officials are beginning to implement executive orders related to workforce reduction. Meanwhile, the administration also announced antitrust and climate updates.

    By Feb. 24, 2025
  • Harsco employee
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    Permission granted by Clean Earth/Harsco Corporation
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    Enviri changes board, amends credit facilities as steel prices slump

    The company is working to complete unfavorable rail contracts and expects its finances to improve in 2025. Executives plan to offset impacts from a weak steel market with continued growth in Clean Earth.

    By Feb. 21, 2025
  • Garbage truck empties cart into back.
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    Anton Novikov via Getty Images
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    Q4 earnings results for major waste and recycling companies in 2024

    Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste Systems, Clean Harbors and Enviri.

    By Waste Dive Staff • Updated Feb. 25, 2025