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Chicago & Midwest  + Illinois  + Industrial  |  June 4, 2024
Jasmine Kilman
By: Jasmine Kilman

WM to Acquire IL Waste Disposal Company Stericycle for $7.2B

Waste Management (WM) is set to acquire Illinois-based Stericycle Inc. in a deal valued at $7.2 billion.

WM and Stericycle have entered into a definitive agreement under which WM will acquire all outstanding shares of Stericycle for $62 per share in cash, representing a total enterprise value of $7.2 billion, including about $1.4 billion of Stericycle’s net debt. Stericycle provides regulated medical waste and compliance services as well as secure information destruction services.

“At WM, we are committed to maximizing value for all our stakeholders by providing a comprehensive suite of environmental solutions to the market,” WM President and CEO Jim Fish says. “The acquisition of Stericycle is a significant step in advancing this commitment because it broadens the scope of our service offerings, bringing together the leader in solid waste and a premier company in regulated medical waste services.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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