Charles River Associates was retained by Waste Management Inc., a leading provider of comprehensive environmental and disposal solutions in North America, to advise on its acquisition of Stericycle, a leading provider of regulated medical waste, compliance services, and secure information destruction services, for $7.2 billion.
The US Department of Justice Antitrust Division declined to issue a Second Request, and the parties received the requisite approval for closing from the Canadian Competition Bureau after responding to a Supplemental Information Request. On November 4, 2024, Waste Management completed its acquisition of Stericycle.
CRA expert, Dr. Elizabeth M. Bailey, supported by a team of CRA economists, including Andrea Asoni and Alan Jaske, provided economic assistance to Waste Management on the competition and regulatory compliance aspects of the acquisition in the United States and Canada. CRA worked closely with attorneys representing Waste Management in the US from Baker Botts LLP, including James Kress and Jeff Oliver, and in Canada from Blake, Cassels & Graydon LLP, including Jonathan Bitran and Navin Joneja.
