M&A Deal Summary

Waste Management Acquires Stericycle

On June 3, 2024, Waste Management acquired environmental company Stericycle for 7.2B USD

Acquisition Highlights
  • This is Waste Management’s 19th transaction in the Environmental sector.
  • This is Waste Management’s largest (disclosed) transaction.
  • This is Waste Management’s 21st transaction in the United States.
  • This is Waste Management’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2024-06-03
Target Stericycle
Sector Environmental
Buyer(s) Waste Management
Deal Type Add-on Acquisition
Deal Value 7.2B USD
Advisor(s) BofA Securities (Financial)
Latham & Watkins (Legal)

Target

Stericycle

Bannockburn, Illinois, United States
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.

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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 22 of 22
Sector (Environmental) 19 of 19
Type (Add-on Acquisition) 19 of 19
State (Illinois) 3 of 3
Country (United States) 21 of 21
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Natura PCR

Houston, Texas, United States

Natura PCR is an independent company that is a film/post-consumer resin producer in the Americas. Natura PCR is based in Houston, Texas.

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