Stratrix
On the Record · Waste Management

Waste Management acquisitions, on the record

The businesses Waste Management 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
collection and disposal operation in our West Tier
Word for word“These losses were partially offset by a $5 million gain from the divestiture of a collection and disposal operation in our West Tier.” 10-K for 2023
divestiture—$5 million gain
business intended to accelerate our film and plastic wrap recycling capabilities (controlling interest)
Word for word“Our acquisition spending in 2022 was primarily attributable to the purchase of a controlling interest in a business intended to accelerate our film and plastic wrap recycling capabilities.” 10-K for 2023
acquisition2022—
Collection and Disposal businesses tuck-in acquisitions
Word for word“Our spending on acquisitions was $173 million, $377 million and $76 million in 2023, 2022 and 2021, respectively, of which $170 million, $377 million and $75 million, respectively, are considered cash used in investing activities.” 10-K for 2023
acquisition2023—
Stericycle, Inc.
Word for word“On November 4, 2024, we completed our acquisition of all outstanding shares of Stericycle for $62.00 per share in cash, pursuant to an Agreement and Plan of Merger dated June 3, 2024.” 10-K for 2024
agreed acquisitionNovember 4, 2024$62.00 per share in cash
Domestic Environmental Solutions business
Word for word“Stericycle is, and has been, involved in government investigations, enforcement proceedings, private lawsuits and other disputes alleging noncompliance with applicable regulations, including alleged noncompliance with the Controlled Substances Act and other statutes involving its now-divested Domestic Environmental Solutions business of collecting, transporting, and destroying controlled substances from retail customers.” 10-K for 2024
divestiture——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$608 million$2 million$280 million
2017-12-31$198 million$62 million$39 million
2018-12-31$460 million—$248 million
2019-12-31$521 million—$108 million
2020-12-31$4.08 billion—$2.47 billion
2021-12-31$75 million—$76 million
2022-12-31$377 million—$325 million
2023-12-31$170 million—$90 million
2024-12-31$7.49 billion—$4.22 billion
2025-12-31$395 million—$315 million

Deal filings since 2016

Read from Waste Management’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 2026-02-09. 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.