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On the Record · Waste Connections

Waste Connections acquisitions, on the record

The businesses Waste Connections bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
acquisitions (13 acquisitions)
Word for word“During the year ended December 31, 2023, we completed 13 acquisitions for consideration having a net fair value of $752.8 million.” 10-K for 2023
acquisitionDuring the year ended December 31, 2023$752.8 million
acquisitions (24 acquisitions)
Word for word“During the year ended December 31, 2022, we completed 24 acquisitions for consideration having a net fair value of $2.334 billion.” 10-K for 2023
acquisitionDuring the year ended December 31, 2022$2.334 billion
acquisitions (30 acquisitions)
Word for word“During the year ended December 31, 2021, we completed 30 acquisitions for consideration having a net fair value of $1.069 billion.” 10-K for 2023
acquisitionDuring the year ended December 31, 2021$1.069 billion
Progressive Waste Solutions Ltd.
Word for word“In 2016, the predecessor corporation, Waste Connections, Inc., a Delaware corporation, entered into a business combination with Progressive Waste Solutions Ltd., a corporation organized under the laws of Ontario, Canada (“Progressive Waste” and the transaction, the “Progressive Waste acquisition”).” 10-K for 2023
mergerIn 2016—
24 acquisitions completed during the year ended December 31, 2024
Word for word“During the year ended December 31, 2024, we completed 24 acquisitions for consideration having a net fair value of $2.199 billion.” 10-K for 2024
acquisitionDuring the year ended December 31, 2024net fair value of $2.199 billion
13 acquisitions completed during the year ended December 31, 2023
Word for word“During the year ended December 31, 2023, we completed 13 acquisitions for consideration having a net fair value of $752.8 million.” 10-K for 2024
acquisitionDuring the year ended December 31, 2023net fair value of $752.8 million
24 acquisitions completed during the year ended December 31, 2022
Word for word“During the year ended December 31, 2022, we completed 24 acquisitions for consideration having a net fair value of $2.334 billion.” 10-K for 2024
acquisitionDuring the year ended December 31, 2022net fair value of $2.334 billion
Operations divested in 2024
Word for word“Operations that were divested in 2024 and the full year impact of operations that were divested in 2023, decreased revenues by $8.1 million, for the year ended December 31, 2024.” 10-K for 2024
divestiture——
19 acquisitions completed during 2025
Word for word“During the year ended December 31, 2025, we completed 19 acquisitions for consideration having a net fair value of $966.8 million.” 10-K for 2025
acquisitionDuring the year ended December 31, 2025$966.8 million
24 acquisitions completed during 2024
Word for word“During the year ended December 31, 2024, we completed 24 acquisitions for consideration having a net fair value of $2.228 billion.” 10-K for 2025
acquisitionDuring the year ended December 31, 2024$2.228 billion
13 acquisitions completed during 2023
Word for word“During the year ended December 31, 2023, we completed 13 acquisitions for consideration having a net fair value of $766.2 million.” 10-K for 2025
acquisitionDuring the year ended December 31, 2023$766.2 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$17.1 million$3.02 billion
2017-12-31$410.7 million$311.6 million
2018-12-31$830.1 million$466.4 million
2019-12-31$736.6 million$407.1 million
2020-12-31$388.8 million$185.3 million
2021-12-31$960.4 million$454.6 million
2022-12-31$2.21 billion$824.6 million
2023-12-31$676.8 million$462.9 million
2024-12-31$2.12 billion$699.5 million
2025-12-31$817.6 million$346.6 million

Deal filings since 2016

Read from Waste Connections’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.