M&A Deal Summary

Waste Connections Acquires Progressive Waste Solutions

On January 19, 2016, Waste Connections acquired environmental company Progressive Waste Solutions from HCI Equity Partners

Acquisition Highlights
  • This is Waste Connections’ 15th transaction in the Environmental sector.
  • This is Waste Connections’ 1st transaction in Canada.
  • This is Waste Connections’ 1st transaction in Ontario.

M&A Deal Summary
Date 2016-01-19
Target Progressive Waste Solutions
Sector Environmental
Buyer(s) Waste Connections
Sellers(s) HCI Equity Partners
Deal Type Merger
Advisor(s) J.P. Morgan Securities (Financial)
Stikeman Elliott LLP
Weil Gotshal & Manges (Legal)

Target

Progressive Waste Solutions

Vaughan, Ontario, Canada
website
Progressive Waste Solutions Ltd. is one of North America's largest full-service waste management companies, Progressive Waste Solutions Ltd. provides non-hazardous solid waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in 14 U.S. states and the District of Columbia and six Canadian provinces. Progressive Waste serves its customers with vertically integrated collection and disposal assets.

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Buyer(S) 1

Buyer

Waste Connections

Woodbridge, Ontario, Canada

website

Category Company
Founded 1997
Sector Environmental
Employees22,109
Revenue 7.2B USD (2022)
DESCRIPTION
Waste Connections' corporate headquarters in The Woodlands, Texas.
Waste Connections' corporate headquarters in The Woodlands, Texas.

Waste Connections is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets. Waste Connections was founded in 1997 and is based in Woodbridge, Ontario.

DEAL STATS #
Overall 15 of 22
Sector (Environmental) 15 of 21
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 Rock River Environmental Services

Rockford, Illinois, United States

Rock River Environmental Services, Inc. is an integrated provider of solid waste collection, recycling, transfer and disposal services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Waste Connections - Portable Sanitation Business

The Woodlands, Texas, United States

Waste Connections, Inc. - Portable Sanitation Business is a provider of portable restroom, septic, drain, temporary fencing, and other sanitation needs.

Sell -

Seller(S) 1

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 13 of 26
Sector (Environmental) 1 of 1
Type (Merger) 4 of 5
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Go To Logistics

Northlake, Illinois, United States

Go To Logistics is a transportation service provider focused on the freight consolidation and LTL market. Go To provides services ranging from expedited/guaranteed service to warehoused consolidation primarily from Chicago to the Northeast and West Coast, as well as the Southwest United States. Go To Logistics is based in Northlake, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Summit Interconnect

Anaheim, California, United States

Summit Interconnect is a manufacturer of advanced technology printed circuit boards. Manufacturing services include quick-turn, prototype, and production through our advanced technology facilities located in California. Summit Interconnect was founded in 2016 and is based in Anaheim, California.

Buy -
Mergr

Product

Company

Legal