Republic Services makes roughly 5 million pickups a day. Behind each stop is a carefully linked business of routes, landfills, laboratories, recycling plants and energy projects - an unglamorous network becoming a platform for circular materials.
Penske Automotive Group looks like a dealership empire from the curb. Under the hood, it is a carefully diversified machine spanning luxury cars, commercial trucks, repair bays, power systems and a valuable slice of one of North America’s largest managed fleets.