M&A Deal Summary

Waste Management Acquires Oakleaf Global Holdings

On July 28, 2011, Waste Management acquired environmental company Oakleaf Global Holdings from New Mountain Capital for 425M USD

Acquisition Highlights
  • This is Waste Management’s 6th transaction in the Environmental sector.
  • This is Waste Management’s 3rd largest (disclosed) transaction.
  • This is Waste Management’s 6th transaction in the United States.
  • This is Waste Management’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2011-07-28
Target Oakleaf Global Holdings
Sector Environmental
Buyer(s) Waste Management
Sellers(s) New Mountain Capital
Deal Type Add-on Acquisition
Deal Value 425M USD
Advisor(s) Centerview Partners (Financial)

Target

Oakleaf Global Holdings

East Hartford, Connecticut, United States
Oakleaf Global Holdings, Inc. is a technology-enabled services company that dominates a uniquely attractive niche within two large and economically defensive industries: environmental services and facilities management.

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Buyer(S) 1

Buyer

Waste Management

Houston, Texas, United States

Category Company
Founded 1987
Sector Environmental
Employees48,250
Revenue 20.4B USD (2023)
DESCRIPTION
Entrance to Waste Management's corporate headquarters in the First City Tower in downtown Houston, Texas.
Entrance to Waste Management's corporate headquarters in the First City Tower in downtown Houston, Texas.

Waste Management is a provider of comprehensive waste management and environmental services in North America. The company operates a network of waste collection, recycling, and disposal facilities that serve residential, commercial, and industrial customers across the United States and Canada. Waste Management's services include garbage and recycling collection, hazardous waste disposal, landfill management, and renewable energy production. Waste Management was founded in 1987 and is based in Houston, Texas.


DEAL STATS #
Overall 7 of 22
Sector (Environmental) 6 of 19
Type (Add-on Acquisition) 6 of 19
State (Connecticut) 1 of 1
Country (United States) 6 of 21
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-06 Garick

Cleveland, Ohio, United States

Garick is a nationwide distributor and processor of sustainable natural resource products that services the landscape, recreation, lawn, garden and construction industries. Garick’s product lines include bagged and bulk mulches, soils, recreational surfacing, green roof media, natural stone, decorative stone, grower’s mixes, and lightweight aggregates. Garick was founded in 1980 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-24 Recycling Services

Chicago, Illinois, United States

Recycling Services, Inc. delivers comprehensive recycling solutions of office paper and corrugated cardboard in the Midwest for over 27 years. RSI is well known for developing and marketing innovative and compelling office paper recycling programs.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 8 of 45
Sector (Environmental) 1 of 2
Type (Add-on Acquisition) 5 of 22
State (Connecticut) 1 of 3
Country (United States) 6 of 42
Year (2011) 2 of 3
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 SNL Financial

Charlottesville, Virginia, United States

SNL Financial is a provider of financial data and analytics services. The Company was formed in 1987 and is based in Charlottesville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Connextions

Orlando, Florida, United States

Connextions, Inc. is a pre-eminent technology and business services partner to the health care industry, helps carriers, providers, employers and other leading firms maximize revenue and increase efficiencies by optimizing customer experience. Connextions was formed in 1996 and is based in Orlando, Florida.

Sell -