Stericycle

Strategic Intent

Stericycle provides regulated medical waste management, secure information destruction (Shred-it), and compliance services as a specialized subsidiary of Waste Management (WM).

Key Market Signals

• 2024-11: Completion of $7.2B merger with Waste Management (WM).
• 2025-01: $9.5M civil penalty issued for RCRA hazardous waste management violations.
• 2025-12: Unionization of drivers and warehouse staff in Hayward, CA facility.
• 2026-01: Certification of Teamsters Local 690 for Washington-based drivers.
• 2025-07: Publication of 2025 Modern Slavery Statement for UK operations.

Financial Health

• Acquired by Waste Management (WM) for approximately $7.2 billion in a deal that closed on November 4, 2024 (Source: https://www.sec.gov/Archives/edgar/data/821189/000082118924000045/wm-stericyclecompletion.htm)
• Reported 2023 annual revenue of $2.66 billion prior to acquisition (Source: Stericycle 2023 Annual Report)
• Integration into WM Healthcare Solutions division expected to generate $125 million in annual cost synergies (Source: https://www.wastedive.com/news/wm-completes-72b-stericycle-deal-medical-waste/731835/)

Impact & Compliance

Legal & Risks

Stericycle faces significant regulatory oversight, evidenced by a $9.5 million EPA settlement in January 2025 for historical hazardous waste violations and ongoing labor unionization activity through 2026.

Forensic Audit — 1 findings

• Systemic failure to maintain hazardous waste manifests and unauthorized storage at transfer facilities cited in 2025 fed...

Classifications

Proprietary Analysis