“We are committed to maximizing value for all our stakeholders by providing a comprehensive suite of environmental solutions to the market,” Jim Fish, president and CEO of Waste Management, said in Monday’s statement. “The acquisition of Stericycle … broadens the scope of our service offerings, bringing together the leader in solid waste and a premier company in regulated medical waste services.”
Cindy J. Miller, Stericycle’s president and CEO, said that the deal “creates significant value for shareholders, unlocks new opportunities to deliver diversified services to customers, and supports investment in the growth and development of our team members.”
“As customers seek to manage a greater volume and variety of materials in a safe, responsible, and sustainable way, Stericycle’s knowledge and expertise in regulated medical waste and secure information destruction are compelling additions to WM’s broad portfolio of environmental solutions,” she added.
Centerview Partners LLC is the exclusive financial adviser to Waste Management, while BofA Securities is the exclusive financial adviser to Stericycle.
