What We’re Doing
Waste360 Waste Expo 2019
On May 6th through 9th, Harris Williams’ Business Services team will attend the annual Waste360 Waste Expo in Las Vegas, NV. In attendance will be a wide variety of leading waste management and other commercial & industrial service providers exhibiting their unique products and solutions. The event serves as an opportunity for Harris Williams to see first-hand how businesses are evolving to tackle the ever-changing demands of the waste management industry.
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What We’re Reading
Advanced Disposal Services Acquired by Waste Management
Waste Management [NYSE:WM] has agreed to acquire its peer, Advanced Disposal Services [NYSE: ADSW] for a total enterprise value of $4.9bn, including debt. The acquisition will grow WM's asset footprint to serve more customers and communities and generate significant growth and value creation opportunities for shareholders. WM intends to finance the transaction using a combination of bank debt and senior notes. Subject to all regulatory approvals, the deal is expected to close in Q1 2020.
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JH Catering to be Acquired by ISS
"As of 10 April 2019, ISS Austria Holding Ltd, a subsidiary of ISS A/S, has acquired JH Catering Ltd from Graz. Based in Graz, JH Catering Ltd has a 27-year track record of commitment to service quality and innovation. Its core focus includes business catering at medium-sized and large companies, as well as snack services via workplace shops and vending machines."
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Recycling and Waste Solutions to Acquire Sustainable Solutions
Recycling and Waste Solutions (RWS), a provider of commodity recycling and waste services to the nation’s largest supply chains, announced the signing of a definitive agreement to acquire Sustainable Solutions Group (SSG), a company that provides and manages recycling, waste and sustainability programs for regional and national companies throughout North America.
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Public Comparables - Market Performance
Public Comparables 5-Year Price Index (‘14-’19)*
Public Comparables TEV/LTM EBITDA (‘14-’19)*
As of March 31, 2019
Information included in this industry update was sourced from Factset.
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