M&A Deal Summary

Waste Management of New York Acquires Winters Bros. Waste Systems

On July 15, 2024, Waste Management of New York acquired environmental company Winters Bros. Waste Systems from Clairvest Group and IESI

Acquisition Highlights
  • This is Waste Management of New York’s 1st transaction in the Environmental sector.
  • This is Waste Management of New York’s 1st transaction in the United States.
  • This is Waste Management of New York’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2024-07-15
Target Winters Bros. Waste Systems
Sector Environmental
Buyer(s) Waste Management of New York
Sellers(s) Clairvest Group
IESI
Deal Type Add-on Acquisition

Target

Winters Bros. Waste Systems

Danbury, Connecticut, United States
Winters Bros. Waste Systems provides waste removal, garbage collection, and container services. Its services include commercial rubbish and recycling, residential services, construction demolition, and transfer stations. Winters Bros. Waste Systems was founded in 1950 and is based in Danbury, Connecticut.

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Buyer(S) 1

Buyer

Waste Management of New York

Brooklyn, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Waste Management of New York provides comprehensive waste and recycling services for residential, commercial, and industrial customers. Waste Management of New York is based in Brooklyn, New York.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 2

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 31 of 31
Sector (Environmental) 6 of 6
Type (Add-on Acquisition) 15 of 15
State (Connecticut) 2 of 2
Country (United States) 17 of 17
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-05 FSB Technology

London, United Kingdom

FSB Technology is a Business to Business sports and internet gaming technology supplier based in London, United Kingdom. Using a Software as a Service business model FSB Technology offers full end to-end sports betting and internet gaming solutions, which includes data and pricing feeds, a proprietary sports betting software platform, fully-managed trading services and more. FSB Technology was founded in 2007 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Redstone Food Group

Mississauga, Ontario, Canada

Redstone Food Group is a provider of commercial bakery of bread and bakery products, focused on the in-store bakery segment. Redstone Food Group is based in Mississauga, Ontario.

Buy -
SELLER

IESI

Chambersburg, Pennsylvania, United States

Category Company
Sector Environmental
DESCRIPTION

At IESI, our philosophy of local managerial empowerment allows our site managers to give back to their communities in ways that best meet the needs of their communities. This location-specific approach to good corporate citizenship results in a kaleidoscope of outreach programs, contributions and support that serve to benefit thousands of people across our service region.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-27 Winters Bros. Waste Systems

Danbury, Connecticut, United States

Winters Bros. Waste Systems provides waste removal, garbage collection, and container services. Its services include commercial rubbish and recycling, residential services, construction demolition, and transfer stations. Winters Bros. Waste Systems was founded in 1950 and is based in Danbury, Connecticut.

Buy -