Stericycle - M&A Summary, Ownership, and Business Overview

EnvironmentalCompany

Stericycle M&A Summary

Stericycle has acquired 12 companies of its own. A total of 7 acquisitions came from private equity firms. It has also divested 5 assets.

Stericycle’s largest acquisition to date was in 2015, when it acquired Shred-it International for $2.3B. It’s largest disclosed sale occurred in 2022, when it sold Stericycle Communication Solutions to Carenet Healthcare Services for $45M. Stericycle has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include environmental (45%) and healthcare services (23%).

Stericycle Ownership

Who owns Stericycle?

Stericycle is owned by Waste Management. It was acquired on June 3, 2024.

Was Stericycle formerly PE-backed?

Yes. Stericycle was formerly owned by 3 private investors.

Stericycle Business Overview

Where is Stericycle headquartered?

Stericycle is headquartered in Bannockburn, Illinois.

What is Stericycle’s revenue?

Stericycle disclosed revenue of 2,659M USD for 2023 and 2,705M USD for 2022.

How many employees does Stericycle have?

Stericycle has 14,400 employees.

What sector is Stericycle in?

Stericycle is an environmental company.

When was Stericycle founded?

Stericycle was founded in 1989.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity9
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12
  • M&A Advisors 4

Stericycle

Stericycle, Inc.

2355 Waukegan Road,
Bannockburn, Illinois 60015
United States,
(847) 367-5910
www.stericycle.com

Stericycle is a medical waste management company focused on medical waste collection, transportation, treatment, and disposal of sanitized sterilized medical waste to unrelated fourth-party owned landfills. Stericycle was founded in 1989 and is based in Bannockburn, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $3.0B $3.0B
Sell (0.6/yr) # 2 2 - 1 - - 5
vol $17M $45M $62M
  14

Most Recent M&A

Company Date Value Type
Stericycle Communication Solutions 2022-12-01 45M USD Divestiture
Bannockburn, Illinois · www.stericyclecommunications.com
Stericycle Expert Solutions 2020-12-02 - Divestiture
Indianapolis, Indiana · www.stericycleexpertsolutions.com
Stericycle, Inc. - Environmental Solutions Business (ESOL) 2020-04-06 - Divestiture
Bannockburn, Illinois
Stericycle, Inc. - Reverse Distribution Division 2019-10-28 - Divestiture
Lake Forest, Illinois
Stericycle, Inc. - Controlled Environmental Solutions business 2018-08-03 17M USD Divestiture
Lake Forest, Illinois
Shred-it International, Inc. 2015-07-15 2.3B USD Add-on Acquisition
Oakville, Ontario · www.shredit.com
Chemical Analytics, Inc. 2015-07-07 - Add-on Acquisition
Romulus, Michigan · www.cailabpacks.com
PSC Environmental Services LLC 2014-04-22 275M USD Add-on Acquisition
Houston, Texas · www.pscnow.com
Prompt Alert, Inc. (Patient Prompt) 2014-01-01 - Add-on Acquisition
Toronto, Ontario · www.patientprompt.com
Corporate Research International, Inc. 2011-08-01 - Add-on Acquisition
Findlay, Ohio · www.mysteryshops.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
PSC Environmental Services LLC 2014-04-22 Seal Industries, Inc. 2017-01-04 1
Houston, Texas · www.pscnow.com Spring, Texas · www.seal-tech.com

M&A by Sector

Sector Buy # Value Sell # Value
Environmental 4 (44%) 705M (23%) 2 (40%) 17M (27%)
Business Services 2 (22%) 2.3B (77%) 1 (20%) -
Healthcare Services 2 (22%) - - -
Transportation 1 (11%) - - -
Distribution - - 1 (20%) -
Internet Software and Services - - 1 (20%) 45M (73%)
Total 9 $3.0B 5 $62M

By Geo

State/Country Buy Value Sell Value
United States 7 705M 5 62M
  Illinois - - 4 62M
  Texas 2 460M - -
  Ohio 2 245M - -
  Michigan 1 - - -
  Tennessee 1 - - -
  North Carolina 1 - - -
  Indiana - - 1 -
Canada 2 2.3B - -
  Ontario 2 2.3B - -
Domestic 7 (78%) 705M (23%) 5 (100%) 62M (100%)
Cross-border 2 (22%) 2.3B (77%) - -
Total 9 $3.0B 5 $62M

Top M&A Advisors

Financial Deals
BofA Securities
1
Goldman Sachs
1
Legal Deals
Sidley
1
Davies Ward Phillips & Vineberg
1

Deal Values

buy # Total
> $1B 1 $2.3B
$100M to $1B 3 $705M
TOTAL $3.0B
Largest Shred-it International, Inc.
$2.3B (2015-07-15)
sell # Total
< $100M 2 $62M
TOTAL $62M
Largest Stericycle Communication Solutions
$45M (2022-12-01)

M&A Connections

Deals
Acquired from
Investor(s)
44%
4 (44%)
Divested to
Strategic(s)
100%
5 (100%)

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