The Big Waste Companies –

All of the major strategic players in the environmental industry have different specialties but are similar in one glaring respect – they all have depressed market capitalizations. Private equity firms are either beginning to snap up their divestitures, or are hoping to at some point sell consolidated properties to them when the waste treatment business begins to smell better.

Allied Waste Industries – a non-hazardous waste management company with operations in 28 markets across the U.S. The company achieved revenues of $1.96 billion in 1999 and has a current market capitalization of $1.11 billion.

Waste Management -collects, transfers, recycles, and disposes of waste products – including hazardous waste. The company achieved annual revenues of $9.79 billion in 1999 and has a market capitalization of $8.83 billion.

Republic Services – provides collection and disposal services for domestic, non-hazardous waste. Revenue of $1.8 billion and a current market capitalization of $1.9 billion.

Catalytica – its subsidiary, Catalytica Combustion Systems, is the developer of Xonon, which enables stable combustion at reduced temperatures to prevent the formation of NOx, a primary contributor to smog. The company achieved annual revenue of $312.5 million and a market capitalization of $821.9 million.

Tetra Tech – a provider of specialized management consulting and technical services in the industry. The company achieved annual revenues of $129.2 million and a market capitalization of $923.9 million.