Allied Waste Industries Revenue, Valuation, Funding & Investors

Allied Waste Industries is valued at $750M as of April 1997. Allied Waste Industries revenue was $1.6B, as disclosed with its March 1999 round.

Last Allied Waste Industries valuation

$750M

Secondary · Apr 1997

Last Allied Waste Industries funding round

Strategic investment

Amount undisclosed · Mar 1999

Allied Waste Industries revenue

$1.6B

Strategic investment · Mar 1999

Key investors in Allied Waste Industries

Allied Waste Industries Overview

About Allied Waste Industries

Allied Waste Industries was an American solid waste management company based in Scottsdale, Arizona. It provided collection, transfer, recycling and landfill disposal services to residential, commercial and industrial customers and municipalities, operating landfills, transfer stations and recycling facilities across dozens of states and Puerto Rico. Revenue came from collection contracts, landfill tipping fees and the sale of recyclables. The company grew rapidly through acquisitions, most importantly the North American solid waste business of Laidlaw in 1996 and Browning-Ferris Industries in 1999, which made it the second-largest non-hazardous solid waste company in the United States with annual revenues of over $5 billion. Apollo and Blackstone were large shareholders from 1997. Allied merged with Republic Services in 2008 and the combined company took the Republic name.


Founded

1989

HQ

United StatesScottsdale

Status

Privately held

Customer focus

B2B & B2G & B2C

Revenue model

Services

Revenue

$1.6B (Mar 1999)

Valuation

$750M (Apr 1997)

Allied Waste Industries Valuation

Allied Waste Industries is currently valued at $750M, based on its secondary sale in April 1997. Read the announcement ↗

The round included Blackstone and Apollo Global Management.

Allied Waste Industries valuation by funding round

Allied Waste Industries valuation by funding round
DateStageValuation
Apr 1997Secondary$750M

Allied Waste Industries Revenue

Allied Waste Industries' latest recorded revenue is $1.6B, as of its strategic investment round in March 1999.

Allied Waste Industries revenue by funding round

Allied Waste Industries revenue and valuation multiple by funding round
DateRevenue *Stage
Mar 1999$1.6BStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Allied Waste Industries Funding History

Allied Waste Industries has raised 1 funding round, plus 1 secondary share sale.

Allied Waste Industries funding rounds
DateStageInvestorsValuationDeal Summary
Mar 1999Strategic investmentApollo Global Management (lead); Blackstone (lead)-Allied Waste Industries agreed in March 1999 to acquire Browning-Ferris Industries, the second-largest U.S. waste company, for $45 per share in cash, and financed part of the purchase with $1 billion of senior convertible preferred stock bought by an investor group led by Apollo Management IV and Blackstone Capital Partners III. Other purchasers of the preferred included DLJ Merchant Banking Partners II and Greenwich Street Capital Partners, and the preferred paid a 6.5% dividend and was convertible into Allied Waste common stock at $18 per share. Apollo and Blackstone funds had already been Allied's largest shareholders since 1997, when they bought the stake Laidlaw received in Allied's 1996 purchase of Laidlaw's North American solid waste business, and they held board seats. The BFI acquisition closed on August 2, 1999, at a total cost including assumed and refinanced debt of approximately $9.4 billion. After the purchase Allied became the second largest non-hazardous solid waste management company in the United States behind Waste Management, with annual revenues of over $5 billion and assets of nearly $14 billion. Allied Waste, based in Scottsdale, Arizona, provided collection, transfer, recycling and landfill disposal services to residential, commercial and municipal customers, earning revenue from collection contracts and disposal fees. The preferred was exchanged for common stock in 2003, the sponsors later sold down their holdings, and Allied merged with Republic Services in 2008.
Apr 1997SecondaryBlackstone; Apollo Global Management$750MFunds managed by Apollo and Blackstone agreed in April 1997 to buy a combined 26,376,765 shares, or about 34.4%, of Allied Waste Industries from its two largest shareholders. Under a stock purchase agreement dated April 14, 1997, Apollo Investment Fund III, Apollo Overseas Partners III and Apollo (U.K.) Partners III, together with Blackstone Capital Partners II Merchant Banking Fund and two related Blackstone partnerships, agreed to acquire 11,776,765 shares from TPG Partners and TPG Parallel I for an aggregate purchase price of $111.9 million. Under a securities purchase agreement dated April 21, 1997, the same purchasers agreed to buy 14,600,000 shares from Laidlaw, Inc. for $146.0 million, while Allied retired Laidlaw's warrants and certain subsidiary debt. The two blocks were split between the Apollo and Blackstone groups, which funded their purchases with capital contributions from their investors, and TPG and Laidlaw were to hand over the resignations of their board representatives at closing. The purchasers signed shareholder and investment agreements with Allied that included standstill restrictions and board nomination rights. Laidlaw had received its Allied stake when it sold its North American solid waste business to Allied in December 1996. Allied Waste, based in Scottsdale, Arizona, provided non-hazardous solid waste collection, transfer, recycling and landfill disposal services to residential, commercial, industrial and municipal customers. Apollo and Blackstone later backed Allied's 1999 acquisition of Browning-Ferris Industries with $1 billion of preferred stock.

Who has invested in Allied Waste Industries?

2 investors have backed Allied Waste Industries across its funding rounds, including Blackstone and Apollo Global Management.

Lead investors include Apollo Global Management and Blackstone.


Allied Waste Industries Investors

Investors in Allied Waste Industries by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Allied Waste Industries Competitors

Allied Waste Industries competitors include listed companies like Onterris, Séché Environnement, Enviri and ESGL Holdings, and private ones like Xiaohuanggou and AMP.

Public and private companies comparable to Allied Waste Industries
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OnterrisUnited StatesUnited StatesPublicly listed$831M$82M$770M1.5x
Séché EnvironnementFranceFrancePublicly listed$1.4B$226M$685M1.2x
EnviriUnited StatesUnited StatesPublicly listed$1.3B$33M$672M-
XiaohuanggouChinaBeijingPrivate--$870M-
ESGL HoldingsSingaporeSingaporePublicly listed$6M($1M)$623M-
AMPUnited StatesLouisville, KYPrivate--$571M-

Allied Waste Industries Public Comps

Allied Waste Industries is still privately-owned, but its public comps include Onterris, Séché Environnement, Enviri, ESGL Holdings, Porvair, Metawater, Kanadevia, Daiseki, Delek Automotive Systems and Jain Resource Recycling.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Onterris$831M$82M1.4x1.5x13.9x9.7x
Séché Environnement$1.4B$226M1.3x1.2x7.8x6.2x
Enviri$1.3B$33M0.7x-26.8x-
ESGL Holdings$6M($1M)107.7x-(459.1x)-
Porvair$261M$44M2.1x1.8x12.5x11.5x
Metawater$1.3B$108M0.7x0.7x8.8x7.9x
Kanadevia$4.1B$181M0.3x0.3x7.5x-
Daiseki$454M$115M2.1x2.0x8.2x7.5x

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Common questions about Allied Waste Industries

When was Allied Waste Industries founded?Allied Waste Industries was founded in 1989.
Where is Allied Waste Industries headquartered?Allied Waste Industries is headquartered in Scottsdale, United States.
Is Allied Waste Industries publicly listed?No, Allied Waste Industries is a private, VC-backed company.
What is Allied Waste Industries' valuation?Allied Waste Industries was last valued at $750M in its secondary sale in April 1997.
What was Allied Waste Industries' last funding round?Allied Waste Industries' last funding round was a strategic investment round in March 1999, led by Apollo Global Management and Blackstone.
Who are Allied Waste Industries' investors?Allied Waste Industries' investors include Blackstone and Apollo Global Management.
What is Allied Waste Industries' revenue?Allied Waste Industries' latest recorded revenue is $1.6B (March 1999).
Which companies are comparable to Allied Waste Industries?Companies comparable to Allied Waste Industries include Onterris, Séché Environnement, Enviri, Xiaohuanggou, ESGL Holdings and AMP.

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