M&A Deal Summary

Waste Connections Acquires Pioneer Recycling Services

On May 2, 2024, Waste Connections acquired environmental company Pioneer Recycling Services from Delos Capital and The Silverfern Group

Acquisition Highlights
  • This is Waste Connections’ 22nd transaction in the Environmental sector.
  • This is Waste Connections’ 22nd transaction in the United States.
  • This is Waste Connections’ 3rd transaction in Washington.

M&A Deal Summary

Date 2024-05-02
Target Pioneer Recycling Services
Sector Environmental
Buyer(s) Waste Connections
Sellers(s) Delos Capital
The Silverfern Group
Deal Type Add-on Acquisition
Advisor(s) Stifel (Financial)
Cole Schotz (Legal)

Target

Pioneer Recycling Services

Tacoma, Washington, United States
Pioneer Recycling Services is an operator of non-hazardous recycling and solid waste company in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Pioneer Recycling Services was founded in 2014 and is based in Tacoma, Washington.

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Buyer(S) 1

Buyer

Waste Connections

Woodbridge, Ontario, Canada

Category Company
Founded 1997
Sector Environmental
Employees23,854
Revenue 8.9B USD (2024)
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 incorporated in 1997 and is headquartered in Woodbridge, Ontario.


DEAL STATS #
Overall 23 of 23
Sector: Environmental M&A 22 of 22
Type: Add-on Acquisition M&A Deals 17 of 17
State: Washington M&A 3 of 3
Country: United States M&A 22 of 22
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Arrowhead Environmental Partners

Uniontown, Alabama, United States

Arrowhead Environmental Partners offers a uniquely designed, high capacity, and environmentally sound disposal facility for customers, communities, and a wide range of industries across 33 states. Arrowhead Environmental Partners is based in Uniontown, Alabama.

Buy -

Seller(S) 2

DESCRIPTION

Delos Capital LLC is a private equity firm that partners with strong management teams and strategic owners to invest in lower middle market companies. Delos Capital LLC was founded in 2013 and is based in New York, New York.


DEAL STATS #
Overall 4 of 4
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Le Sueur

Le Sueur, Minnesota, United States

Le Sueur is a supplier of complex precision aluminum castings and plastic injection molded components. Le Sueur was founded in 1946 and is based in Le Sueur, Minnesota.

Buy -
DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $20 to $50 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 10 of 10
Sector: Environmental M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Washington M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Le Sueur

Le Sueur, Minnesota, United States

Le Sueur is a supplier of complex precision aluminum castings and plastic injection molded components. Le Sueur was founded in 1946 and is based in Le Sueur, Minnesota.

Buy -