M&A Deal Summary

Waste Management Acquires Serrot International

On January 1, 1999, Waste Management acquired environmental company Serrot International from First Analysis

Acquisition Highlights
  • This is Waste Management’s 2nd transaction in the Environmental sector.
  • This is Waste Management’s 2nd transaction in the United States.
  • This is Waste Management’s 1st transaction in Nevada.

M&A Deal Summary
Date 1999-01-01
Target Serrot International
Sector Environmental
Buyer(s) Waste Management
Sellers(s) First Analysis
Deal Type Add-on Acquisition

Target

Serrot International

Henderson, Nevada, United States
Serrot International Inc. manufactured and installed synthetic geomembrane lining systems. Its largest market was the solid waste landfill industry. Liners prevent the flow of leachate off the site and control the migration of methane from the landfill. Serrot was acquired by Waste Management Inc. (Nyse: WMI) in 1999

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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 2 of 22
Sector (Environmental) 2 of 19
Type (Add-on Acquisition) 2 of 19
State (Nevada) 1 of 1
Country (United States) 2 of 21
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-16 USA Waste Services

Oak Brook, Illinois, United States

USA Waste Services, which acquired Waste Management in a transaction valued at $13.5 billion and changed its name to Waste Management, Inc. (NYSE: WMI), became the largest solid waste management company in the world. Argentum's investment in USA Waste Services came through Envirofil Inc., a solid waste management firm that merged with USA Waste.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 P & R Environmental Industries

Youngsville, North Carolina,

P & R Environmental Industries, LLC provides recycling services.

Buy -

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 71
Sector (Environmental) 3 of 6
Type (Add-on Acquisition) 2 of 51
State (Nevada) 1 of 1
Country (United States) 4 of 70
Year (1999) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Kelatron

Ogden, Utah, United States

Kelatron manufactures and markets mineral nutrients in varied chemical and chelated forms worldwide for sale in the nutritional supplement, nutraceutical and health food segments. Chelation increases bioavailability?the ability of the body to absorb specific minerals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-28 NexPrise

Carlsbad, California, United States

NexPrise Inc. delivered extranet solutions for product development and engineering projects. NexPrise products supported document management, event tracking, procurement negotiation, supplier databases, and a unique Internet notebook for capturing the rich, multimedia collaboration of product development teams.

Buy -
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