Mergers & Acquisitions

Recent news and developments from the waste and environmental services industry

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WM acquires 2 waste, recycling businesses

Houston-based WM recently completed two acquisitions. The company purchased Clayton, Indiana-based Ray’s Trash Service and Green Earth LLC of Harrisonburg, Virginia.

According to a report by Indianapolis-based WRTV, WM acquired key assets of Ray’s Trash Service, a large family-owned recycling and waste collection operation.

Founded in 1965, Ray’s Trash Service provides recycling and waste disposal services for 17 counties in central Indiana, according to information on the company’s website. Ray’s operates eight facilities across the region and offers construction site services, including services compliant with LEED (Leadership in Energy and Environmental Design).

“We are excited to welcome our new employees into the WM family and for the opportunity to provide exceptional service to our customers in the Indianapolis market,” WM says in a statement it shared with the Recycling Today Media Group regarding this acquisition. “WM remains committed to providing the Indianapolis area with quality recycling and waste disposal services for years to come, with an emphasis on supporting the cultivation of community vitality and sustainable growth in the region.”

According to a letter Green Earth sent to its customers, WM completed the acquisition of that business Sept. 1. Green Earth has provided residential and commercial collection services to residents in Rockingham County, Virginia, as well as operating a material recovery facility and container rental services. The company’s Facebook page indicates that it also collects and treats construction and demolition materials.

Green Earth’s letter to its customers informing them of the purchase states that the company chose WM as a buyer because it is “confident that they are the company most capable of providing the same safe and superior service.”

WM did not share how much it paid for these two acquisitions; however, according to the company’s second-quarter earnings report, WM intends to spend $300 million to $400 million on acquisitions in its 2022 fiscal year.

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