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Acquisitions
 9 Months Ended
Sep. 30, 2025
Business Combinations [Abstract]  
Acquisitions

7.ACQUISITIONS

The Company acquired 12 immaterial non-hazardous solid waste collection and recycling businesses and two immaterial E&P waste treatment and disposal businesses during the nine months ended September 30, 2025.  The total transaction-related expenses incurred during the nine months ended September 30, 2025 for these acquisitions were $19,778. These expenses are included in Selling, general and administrative expenses in the Company’s Condensed Consolidated Statements of Net Income.

The Company acquired 17 immaterial non-hazardous solid waste collection, transfer, recycling and disposal businesses and four immaterial E&P waste treatment and disposal businesses during the nine months ended September 30, 2024.  The total transaction-related expenses incurred during the nine months ended September 30, 2024 for these acquisitions were $25,169. These expenses are included in Selling, general and administrative expenses in the Company’s Condensed Consolidated Statements of Net Income.

The results of operations of the acquired businesses have been included in the Company’s Condensed Consolidated Financial Statements from their respective acquisition dates. The Company expects these acquired businesses to contribute towards the achievement of the Company’s strategy to expand through acquisitions. Goodwill acquired is attributable to the synergies and ancillary growth opportunities expected to arise after the Company’s acquisition of these businesses.

The following table summarizes the consideration transferred to acquire these businesses and the preliminary amounts of identifiable assets acquired and liabilities assumed at the acquisition dates for the acquisitions consummated in the nine months ended September 30, 2025 and 2024:

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​

​

​

​

​

​

​

​

    

2025

    

2024

​

​

Acquisitions

​

Acquisitions

Fair value of consideration transferred:

 

​

  

 

​

  

Cash

​

$

627,310

​

$

2,010,274

Debt assumed

​

 

92,786

​

 

83,589

​

​

 

720,096

​

 

2,093,863

​

​

​

​

​

​

​

Recognized amounts of identifiable assets acquired and liabilities assumed associated with businesses acquired:

​

 

​

​

 

​

Accounts receivable

​

 

21,445

​

​

90,892

Prepaid expenses and other current assets

​

 

2,863

​

​

12,512

Operating lease right-of-use assets

​

​

10,897

​

​

24,700

Property and equipment

​

 

291,914

​

​

1,038,803

Long-term franchise agreements and contracts

​

 

38,593

​

​

82,523

Customer lists

​

 

59,770

​

​

143,404

Permits and other intangibles

​

​

86,314

​

​

285,689

Other assets

​

 

40

​

​

1,671

Accounts payable and accrued liabilities

​

 

(10,800)

​

​

(21,824)

Current portion of operating lease liabilities

​

​

(541)

​

​

(2,874)

Deferred revenue

​

 

(3,951)

​

​

(11,975)

Contingent consideration

​

 

(16,934)

​

​

(23,926)

Long-term portion of operating lease liabilities

​

​

(1,209)

​

​

(14,773)

Other long-term liabilities

​

 

(2,250)

​

​

(63,721)

Deferred income taxes

​

 

(17,055)

​

​

—

Total identifiable net assets

​

 

459,096

​

 

1,541,101

Goodwill

​

$

261,000

​

$

552,762

​

Goodwill acquired during the nine months ended September 30, 2025 and 2024, totaling $214,059 and $552,762, respectively, is expected to be deductible for tax purposes. The fair value of acquired working capital related to five immaterial acquisitions completed during the twelve months ended September 30, 2025, is provisional pending receipt of information from the acquirees to support the fair value of the assets acquired and liabilities assumed. Any adjustments recorded relating to finalizing the working capital for these five acquisitions are not expected to be material to the Company’s financial position. The adjustments recorded during the nine months ended September 30, 2025 relating to finalizing the acquired working capital for the immaterial acquisitions completed during the twelve months ended December 31, 2024 were not material to the Company’s financial position.

The gross amount of trade receivables due under contracts acquired during the nine months ended September 30, 2025, was $22,292, of which $847 was expected to be uncollectible. The gross amount of trade receivables due under contracts acquired during the nine months ended September 30, 2024, was $96,391, of which $5,499 was expected to be uncollectible. The Company did not acquire any other class of receivable as a result of the acquisition of these businesses.