Waste Management Acquires Oakleaf

Waste Management Inc. (WM), Houston, has closed on the acquisition of Oakleaf Global Holdings, Hartford, Ct., and its primary operations for $425 million. WM says the deal will bring together one of the largest networks of directly owned hauling, recycling, diversion and disposal assets with one of the largest managed third-party networks.

Oakleaf has a North American vendor network of 2,500 preferred haulers, and says it is North American’s largest outsource firm for hauling, disposal, recycling and waste diversion services.

David Steiner, WMI president and CEO, says, “Acquiring Oakleaf advances our growth and transformation strategies of knowing more about our customers and how best to serve them, extracting more value from the material that we manage, and optimizing our operations. We substantially increase our national accounts customer base and further enhance our ability to provide comprehensive, best-in-class environmental solutions. In addition, Oakleaf’s vendor hauler network expands our service footprint to new geographies and enhances customers’ one-stop shopping for environmental solutions.”