Solid waste and recycling companies completed a series of mergers and acquisitions throughout 2020 despite economic disruptions from COVID-19-related shutdowns.
Following the first wave of uncertainty as COVID hit the United States in Q1, Michael E. Hoffman, Stifel s managing director, told
Waste360 readers about the possible economic repurcussions.
“There will be negative consequences to this economy, and companies need to understand what they are buying because some commercial customers may not survive this,” he said. “In some cases, owners of businesses will say they were near the end and are not going to restart, and there are some that possibly wouldn’t have survived anyway. This situation has just accelerated that decision.”
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Arcapita unit acquires US waste solutions firm
MANAMA, December 14, 2020 Arcapita Group Holdings, a global alternative investments firm, today announced that its portfolio company Waste Harmonics, a US managed waste service provider, has acquired Talismark, a waste solutions management company that specialises in custom-designed waste management programs. This strategic acquisition will enable Waste Harmonics to grow and strengthen its market presence by expanding services into new and existing markets across North America. Arcapita acquired a controlling interest in Waste Harmonics in January 2020, with the aim of supporting the development and expansion of the services offered by Waste Harmonics and growing its client base. Founded in 2001, the technology-enabled facility services company is one of the largest managed waste services companies in the US. Its services span across all 50 US states, Canada, Puerto Rico and Guam, through a network of over 5,000 vendor