Waste & Recycling - Coverage Report December 2020

Published on: 12/16/2020

Capstone Headwaters has published its December 2020 Waste & Recycling Update, available for free download below.

Rapid consolidation in the past few years, has resulted in public strategic buyers allocating substantial capital toward acquisitions of regionally-focused operators to increase market share. As competition tightens among these dominant public companies, smaller, regional leaders will be poised to attract M&A interest. Industry participants with diverse revenue streams across a manifold of industries and customer bases are expected to retain defensibility and continue to see steady performance amid virus-induced uncertainty.

Report highlights include:

  • Private equity buyers accounted for nearly 50% of YTD deal activity, as the defensibility of the industry has fostered an influx of private equity firms who view tremendous add-on consolidation with ample up-side to stimulate growth among platform investments
  • Major public strategic buyers (28% of deal volume) have continued or resumed M&A to bolster geographic reach and market share while achieving operational synergies
  • Rapid consolidation in the past few years, has resulted in public strategic buyers allocating substantial capital toward acquisitions of regionally-focused operators to increase market share

To learn more about the report or Capstone’s wide range of advisory services, please contact Managing Director Doug Usifer.  

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