Mergers and Acquisitions: Page 10
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WM 2022 earnings
WM raises 2022 guidance, plans to restart notable M&A spending
CEO Jim Fish said during the company’s July 27 earnings call that even if an economic slowdown occurs, WM is well-positioned to gain market share. New investments in RNG projects and MRF automation are also progressing.
By Cole Rosengren • July 27, 2022 -
Gartner: CFOs likely to reduce sustainability spend before talent development, tech
Economic pressures could lead chief financial officers to cut down on investments in sustainability despite a growing executive focus on ESG, Gartner finds.
By Grace Noto • July 26, 2022 -
Q&A
Vanguard Renewables CEO on $700M sale to BlackRock, digester expansion and landfill competition
Neil Smith, who joined Vanguard after leading an energy company during a similar period of expansion, breaks down what the sale means for the company’s efforts to launch dozens of RNG-producing facilities.
By Cole Rosengren • July 25, 2022 -
Nashville approves $13.5M in new collection contracts with Platform Waste, Waste Pro
The new contracts are the latest ripple effect from Red River’s service issues in recent months. They follow emergency contracts the city approved with WM and Waste Pro earlier this year.
By Cole Rosengren • July 22, 2022 -
Fueled by new Clairvest investment, Boston Carting has many plans for the 'hottest market in the country'
CEO Patsy Sperduto, along with investors from Ironwood Capital and Laurel Mountain Partners, talk about future development and acquisition plans for the fast-growing company following a recapitalization.
By Cole Rosengren • July 21, 2022 -
Vanguard Renewables sold to BlackRock fund to fuel anaerobic digester expansion
The Massachusetts-based company, known for farm-based projects, aspires to have 100 anaerobic digesters by 2026. This new investment comes as renewable natural gas projects are increasingly popular.
By Cole Rosengren • July 20, 2022 -
Republic Services reports on progress toward 2030 climate goals, restates emissions accounting
The company says it’s on track to reduce greenhouse gas emissions and boost recovery of certain “key materials,” with more electric vehicles on the way. It has also begun using an industry-created emissions standard.
By Cole Rosengren • Updated July 22, 2022 -
Judge approves Red River Waste bankruptcy sale to Platform Capital
The private equity firm is expected to close on its purchase of the Texas-based hauler within weeks, following a protracted bankruptcy process and service issues for numerous local government customers.
By Cole Rosengren • July 18, 2022 -
Q&A
Allied Industrial Partners expects Waste Eliminator to be 'first of several' industry investments
The latest private equity firm to enter this space discusses its $150 million investment plans for the Atlanta-area company, plus its own aspirations for other waste and recycling transactions.
By Cole Rosengren • July 13, 2022 -
Red River Waste bankruptcy sale moves closer to finalization
Upcoming hearings — with input from numerous creditors — aim to hammer out final details of the proposed $12.6 million sale to private equity firm Platform Capital.
By Megan Quinn • July 11, 2022 -
Waste Eliminator becomes sizable metro Atlanta presence with new acquisitions
Two newly announced transactions in the region add recycling, transfer and disposal capacity for multiple streams. This is part of plans by Allied Industrial Partners to invest $150 million into the business.
By Cole Rosengren • July 7, 2022 -
Red River bankruptcy proceedings continue as GFL Environmental takes over Fort Wayne contract
The Texas-based company is in talks to be acquired by a private equity firm. Meanwhile, the Indiana city is cutting ties with Red River after months of service issues that have also been seen in Nashville and elsewhere.
By Cole Rosengren • July 1, 2022 -
Deep Dive
Future of troubled Renovare unclear after West Virginia facility closure, surprise merger reversal
The company — formerly known as BioHiTech Global — has seen its stock price plummet following financial, operational and legal issues. Former partner Entsorga sees a path forward for its shuttered showcase plant.
By Cole Rosengren • Updated July 1, 2022 -
Pay growth continued for top waste and recycling leaders in 2021 as CEO-median employee pay ratio widened
See the latest compensation data for executives at WM, Republic Services, Waste Connections, GFL Environmental, Clean Harbors, Stericycle, Harsco and Casella Waste Systems in our annual report.
By Cole Rosengren • June 29, 2022 -
Deep Dive // California's organics experiment
Expecting food waste 'tsunami,' California recyclers focus on infrastructure and end markets
As the state rolls out universal organics collection, major companies such as Agromin, Anaergia, GreenWaste Recovery, Recology, Republic Services and WM are expanding to meet demand. Learn more in Part 2 of our series.
By Cole Rosengren • June 9, 2022 -
California’s high-stakes experiment to cut organic waste disposal 75% by 2025
Waste companies and local governments in the state are making massive investments and operational changes to meet the demands of SB 1383. Explore the implications with our ongoing series.
Updated Nov. 14, 2022 -
Q&A // Environmental justice conversations
How New Jersey’s environmental justice law is beginning to affect operators around the country
Environmental lawyer Matthew Karmel offers insight on the law's newly-released draft rule language, plus M&A considerations and tips for navigating EJ risk assessments in any state.
By Megan Quinn • June 7, 2022 -
Deep Dive // California's organics experiment
Ambitious policy makes California a crucible for investments in organics collection and recycling
SB 1383, a sweeping law that calls for a 75% reduction in organic waste disposal by 2025 to reduce methane emissions, has spurred a flurry of activity. Is the state's current infrastructure ready to meet the moment?
By Cole Rosengren • June 3, 2022 -
Q&A
Willie Goode, founder of multiple DC-area waste companies, reflects on 30 years in business
After starting out on the back of a truck, the CEO of Maryland-based Goode Cos. has since grown a multi-company portfolio. He reflects on what it took to get there, a tough contract experience in Florida and what's next.
By Cole Rosengren • May 23, 2022 -
WasteExpo 2022
How top waste companies are competing around M&A, recycling, inflation and labor
Hear what executives from Casella Waste Systems, Coastal Waste & Recycling, LRS, Republic Services, USA Hauling & Recycling, Waste Connections and others had to say about key trends at WasteExpo.
By Cole Rosengren • May 18, 2022 -
Sponsored by LRS
Wanted: Established, independent family-owned waste, recycling and portables providers to extend legacies and disrupt the status quo
Achieving exponential growth organically and through acquisition, LRS remains hungry for continued expansion, and in attracting successful, family-owned businesses in search of continuing their legacy with LRS.
May 9, 2022 -
RSG 2022 earnings
Republic Services plugs US Ecology-driven expansion, Archaea RNG deal
After finalizing the $2.2 billion US Ecology acquisition, Republic said it has another $400 million worth of solid waste and recycling deals "in the advanced stages of closing" and is eyeing tuck-ins in environmental solutions.
By Maria Rachal • May 6, 2022 -
GFL 2022 earnings
GFL Environmental's momentum continues with 21 deals, further potential to recover fuel costs
Following the Sprint purchase, executives anticipate further M&A opportunities. They were also optimistic in an earnings call about further potential from recovering Canadian volumes, price increases and lower labor turnover.
By Cole Rosengren • May 5, 2022 -
WCN 2022 earnings
Waste Connections touts $175M in Q1 acquisitions, 'robust pipeline' for 2022
The company discussed a strong start to the year due in part to solid waste pricing and revenues from its resource recovery sector, but inflation and labor challenges remain.
By Megan Quinn • May 4, 2022 -
Clean Harbors Q1 boosted by HydroChem PSC deal, growing environmental services demand
Executives touted plans for an upcoming Nebraska incinerator and are optimistic about gaining further ground in a market that has become more consolidated following Republic's purchase of US Ecology.
By Cole Rosengren • May 4, 2022