Mergers and Acquisitions: Page 4
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Republic Services returns to Austin, Texas, market in deal with Integrated Waste Solutions Group
Eight years after the permit for its Sunset Hills Landfill expired, Republic now owns the recently opened 130 Environmental Park Landfill and one of the last independent haulers in the Austin market, Central Texas Refuse.
By Jacob Wallace • Dec. 21, 2023 -
Circular Services acquires Midwest Fiber, including 5 recycling facilities
Balcones Recycling, part of Closed Loop Partners’ Circular Services platform, will manage the operation. Midwest, a family-owned company, had scaled to include collection and processing operations in multiple states.
By Megan Quinn • Dec. 17, 2023 -
Heritage Environmental Services selling majority stake to EQT Infrastructure
The Indiana-based environmental services company provides a range of options for hazardous and non-hazardous waste, including at multiple disposal sites. This follows Sweden-based EQT’s recent investment in Covanta.
By Cole Rosengren • Updated Dec. 13, 2023 -
Waste Connections acquiring 30 Canadian E&P facilities from Secure Energy Services
The deal includes numerous oil and gas landfills, injection wells and treatment and disposal facilities. The Canadian government required Secure to divest these assets following its merger with Tervita.
By Megan Quinn • Dec. 11, 2023 -
What’s next for Hainesport Transportation Group, including Michigan rail project
CEO Darryl Caplan and investment partner Dickson Suit lay out their strategy for how the New Jersey-based company is ramping up its position to transfer more C&D volumes out of the disposal-constrained Northeast.
By Cole Rosengren • Dec. 7, 2023 -
Republic Services acquires Indiana hauler, transfer station operator
Wallace Bros. Disposal & Recycling had been a family-run operation since 1996. The transaction is one of multiple to occur in the region in recent years.
By Cole Rosengren • Dec. 5, 2023 -
Deep Dive
Has the waste and recycling industry’s multiyear M&A boom peaked?
Experts from Stifel, Houlihan Lokey, Comerica Bank, Raymond James, Waste Connections and others weigh in on the latest trends involving valuations, private equity, environmental services, antitrust and more.
By Cole Rosengren • Nov. 27, 2023 -
Waste Connections’ Mittelstaedt talks industry changes, improvements during time away from CEO job
Ron Mittelstaedt discussed how trends in sustainability, technology and investor interest are “rapidly changing” the waste industry during a session at the Corporate Growth Conference.
By Katie Pyzyk • Nov. 21, 2023 -
AmWaste aims to scale with 3i investment after ‘quietly’ becoming sizable Southeast player
An infusion of growth capital by 3i North American Infrastructure helped AmWaste purchase disposal assets in Georgia, with more acquisitions to come. CEO Chip Russell outlines the company’s vision for expansion.
By Cole Rosengren • Nov. 13, 2023 -
Leading waste and recycling companies spent $986M on M&A in Q3
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared their outlooks on the deal environment heading into 2024.
By Cole Rosengren • Nov. 7, 2023 -
CWST 2023 earnings
Casella reports ‘pivotal and exciting’ Q3 due to recent acquisitions and strong pricing
Casella raised revenue guidance and predicted a strong Q4 due to its retrofitted Boston MRF and operations it acquired from GFL.
By Megan Quinn • Nov. 3, 2023 -
GFL at ‘inflection point’ regarding debt leverage, executives say
The Canada-based company reported slightly elevated debt numbers as it continued to engage in M&A. But executives now believe GFL has a clear path to a better ratio into next year and see more profit potential from EPR.
By Jacob Wallace • Nov. 2, 2023 -
GFL Environmental acquires Capital Waste from Kinderhook, building Southeast presence
The transaction, announced during GFL’s Q3 earnings call, comes after the private equity firm fueled Capital’s growth in recent years. GFL CEO Patrick Dovigi said the deal happened after a competitor ran into antitrust delays.
By Cole Rosengren • Nov. 2, 2023 -
Clean Harbors revises down guidance but expects better results in 2024
A difficult year for base oil pricing has dragged down the overall business, but executives are optimistic about continued margin expansion in environmental services and the upcoming completion of a major new project.
By Jacob Wallace • Nov. 2, 2023 -
Q3 earnings results for major waste and recycling companies
Follow the latest results from WM, Republic Services, Waste Connections, GFL Environmental, Casella Waste, Clean Harbors, Stericycle and others.
By Waste Dive Staff • Updated Nov. 9, 2023 -
RSG 2023 earnings
Republic Services touts momentum into 2024, including Indianapolis polymer center
CEO Jon Vander Ark said recent price increases and upcoming investments should position the company for favorable margin expansion next year. The company also shared updates on its electric vehicle infrastructure.
By Cole Rosengren • Oct. 27, 2023 -
WCN 2023 earnings
Waste Connections reports Q3 growth despite costs from landfill and employee safety incidents
An ongoing odor issue at a California landfill and a slope failure in Texas could cost about $20M in Q4. Meanwhile, the company is planning employee training to reduce safety incident rates.
By Megan Quinn • Oct. 26, 2023 -
Coastal Waste expands in Florida with multiple waste, recycling acquisitions
The Macquarie-backed company’s acquisition of S&S Waste, In & Out Portables and AFS Recycling broadens its services and allows it to increase the amount of waste it processes internally.
By Megan Quinn • Oct. 18, 2023 -
Plan for these upcoming waste and recycling conferences
The National Zero Waste Conference is one of the next events on the calendar. Other upcoming events in 2024 will cover recycling, e-waste, MRF innovations, biogas, thermal conversion and more.
By Megan Quinn • Updated Sept. 18, 2024 -
Q&A
LRS CEO Spencer talks 100-day plan for leading fast-growing Midwestern company
Matt Spencer says he’ll draw from previous industry experience, including time in the field, and a relationship with Macquarie to help cement a vision for the company’s M&A, infrastructure and safety investments.
By Megan Quinn • Sept. 21, 2023 -
Republic Services expands in Charlotte, North Carolina, area via acquisition
Republic has been more active than any of its competitors in acquisition spending this year. The deal adds an experienced hauler to Republic’s sizable presence in the region.
By Jacob Wallace • Sept. 15, 2023 -
Casella completes $219M acquisition of Twin Bridges
The deal includes two hauling operations, a new MRF and a transfer station in the Albany, New York, area. Casella also purchased another New York hauler, Taylor Garbage, in August.
By Megan Quinn • Sept. 5, 2023 -
Heritage-Crystal Clean’s $1.2B sale to J.F. Lehman will proceed after no competing offers
After closing a 35-day “go-shop” period this week, the environmental services company remains on track to go private in Q4 through this transaction.
By Cole Rosengren • Aug. 24, 2023 -
Anaergia sells six Italian AD projects to lender amid strategic review
The move reduces Anaergia’s European footprint as it continues a broader strategic review of operations in multiple countries.
By Jacob Wallace • Aug. 17, 2023 -
Large waste companies spent nearly $2B on acquisitions through Q2
WM, Republic Services, Waste Connections, GFL Environmental and Casella Waste Systems recently reported spending totals and shared M&A outlooks for the rest of 2023.
By Cole Rosengren • Aug. 10, 2023