Up to 120 potential acquirers may fit businesses like Recology.

Casella is a regional, vertically integrated solid waste services company active in collection, transfer, recycling, and organics — exactly Recology’s service lines in CA, OR, WA. In 2023, Casella acquired Consolidated Waste Services LLC and Twin Bridges, including collection, transfer, and recycling assets, for ~$219 million (en.wikipedia.org).

Waste Management has acquired thousands of smaller solid waste collection businesses and explicitly maintains an acquisitions team covering California, Oregon, and Washington, making them a credible buyer for Recology’s footprint (wm.com).

Reworld is a sustainable waste solutions consolidator recently active in integrated resource recovery; in Sept 2026 it acquired three environmental solutions companies and a material processing facility in New York, signaling its expansion in resource‑recovery capabilities (investors.reworldwaste.com).

Kinderhook is a middle‑market PE firm with deep activity in solid waste: in Jan 2026 it closed Ecowaste Solutions, combining Live Oak Environmental and CARDS Recycling — its 159th Environmental & Industrial Services acquisition and ninth platform in waste services (kinderhook.com).

Audax partners in lower‑middle market circular economy/waste: in July 2025 it sold Liquid Environmental Solutions — a non‑hazardous liquid waste recycler — after Buy‑&‑Build expansion, indicating relevant sector activity and scale fit (audaxprivateequity.com).

Laurel Mountain Partners is a family‑run independent sponsor actively buying and building waste hauling, recycling, compost and septic firms, with documented transactions in 2025 in this niche — fits Recology’s integrated resource recovery business model and regional scale (greymontadvisors.com).