Vinson & Elkins and Baker Botts have played pivotal roles in guiding Waste Management Inc. on its agreement to acquire Stericycle Inc. for $5.8 billion. The purchase by Houston-based Waste Management, anticipated to finalize in the fourth quarter or later, bolsters its standing as the leading trash hauler in the United States.
The legal team from Vinson & Elkins included mergers and acquisitions partners Steve Gill and Doug McWilliams, along with environmental litigator Ron Tenpas and Palmina Fava, co-head of the government investigations and white-collar defense practice group. Gill, notable for his role in RSP Permian Inc.’s $9.5 billion sale to Concho Resources Inc., continues his distinguished track record in handling high-value transactions.
Meanwhile, Baker Botts’ involvement featured antitrust and competition partners Jim Kress and Jeffrey Oliver, as well as special counsel Christina Ryu-Naya in Washington, D.C., and partners David Cardwell and Matthew Levitt with counsel Sofia Doudountsaki in Brussels.
Latham & Watkins served as advisors to Bannockburn, Illinois-based Stericycle, with a team led by partners Bradley Faris and Max Schleusener and Terra Reynolds, vice chair of the firm’s healthcare & life sciences industry group. Fried Frank counseled BofA Securities, Stericycle’s financial advisor, with guidance from their M&A practice co-head Philip Richter and partner Roy Tannenbaum.
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