Cronus understands the drivers of today’s environmental sector and the unique features of each type of business.
Public solid waste companies have undergone tremendous consolidation over the past decade. Strong, stable cash flows make the industry attractive to financial buyers, with EBITDA margins in the range of 25% for fully integrated firms that collect waste, transport it to their own transfer station, and dispose of it in their own landfill. While the recycling industry has a large number of smaller family-owned businesses that makes it ripe for consolidation as more financial investors enter the space.
Hazardous and industrial waste is a growth industry with high barriers to entry due to permit requirements which make it very different from the solid waste industry. It includes handling of all types of hazardous waste but does not include radioactive waste or medical waste. The hazardous sector includes the transportation of drums containing various chemical/industrial materials, emergency response, the collection, treatment and disposal of hazardous and industrial materials, vactor/vacuum truck services, lab pack services, tank cleaning, and the treatment of hazardous soils.
Our areas of specialty include:
Solid Waste and Construction and Demolition Waste: Collection companies, transfer stations, landfills, and manufacturers of equipment such as waste containers and compactors;
Hazardous and Industrial Waste: Transportation, treatment, storage and disposal of hazardous waste;
Recycling: Material recovery facilities, tire recycling, electronic waste, composting, re-refining of used motor oil, and manufacturers of equipment such as conveyors;
Waste Transportation: Long haul trucking from transfer stations to landfills, rail transportation, and use of compressed natural gas as fuel;
Alternative Energy: Waste-to-energy plants/incinerators, solar, wind, biodiesel, and landfill gas recovery;
Water: Treatment of water and wastewater, manufacturers of equipment such as clarifiers; and
Air: Equipment manufacturers, such as scrubbers.