Republic Services, Inc.

Republic Services is one of North America's largest environmental services providers by revenue, operating across the United States and Canada. The company manages 377 collection operations, 255 transfer stations, 79 recycling centers, 207 active landfills, 2 treatment, recovery and disposal facilities, 24 treatment, storage and disposal facilities (TSDF), 5 salt water disposal wells, 15 deep injection wells, 9 industrial wastewater treatment facilities, and 2 polymer centers. Republic Services is involved in 84 landfill gas-to-energy and other renewable energy projects and has post-closure responsibility for 124 closed landfills. The total addressable United States and Canada environmental services market is estimated at approximately $163 billion in annual revenue. This market includes the $110 billion recycling and waste industry, $37 billion from the broader environmental solutions industry, and $16 billion in sustainability innovation and emerging waste and recycling technologies. Within its recycling and waste business, the company focuses investments on market verticals with above-average growth rates and higher return profiles. The environmental solutions market is fragmented, offering consolidation opportunities. In sustainability innovation, customer demand for products and services addressing environmental trends like circularity and decarbonization is expected to support above-average growth and attractive returns. The company combines local operating management with standardized business practices to enhance efficiency while keeping daily operating decisions local.