Tracking the waste and recycling industry’s M&A boom
Nov. 30: Michigan-based Stevens Disposal has acquired local hauler Select Sanitation, as reported by WTOL. Stevens reports servicing an estimated 150,000 residential customers with 130 trucks. Select serviced an estimated 3,000 customers in the Northwest Ohio area. According to its website, Select has been operating since 2003 but encountered numerous challenges during the pandemic and was ready for a change.
Other recent deals include private equity-backed Waste Eliminator acquiring North Georgia Roll Off. This deal, which is the fourth since Waste Eliminator became a portfolio company of Allied Industrial Partners, will expand an existing presence in the Atlanta market.
The U.S. waste and recycling industry’s M&A activity has neared historic levels in recent years. Waste Dive is working to catalog as many deals as possible to provide a more holistic look at the state of industry consolidation and expansion.
Collective M&A spending by the solid waste industry’s publicly traded companies is estimated to have reached $4.29 billion in 2021, according to investment firm Jefferies, coming in above prior estimates of around $3.5 billion. Spending totals by those same companies approached an estimated $6.3 billion in 2022.
In addition to acquisitions by the main public companies, the industry has seen notable activity by a range of private companies, including multiple with private equity backing. This list focuses on deals executed by companies that primarily provide municipal solid waste or recycling services in the United States. We list acquirers 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 crosengren@industrydive.com.
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