Casella Waste Systems, a regional vertically integrated solid waste, recycling and resource management services company, announced on June 21 that it has signed an Asset Purchase Agreement to purchase select solid waste assets in Albany, N.Y., and Cheshire, Mass., from certain subsidiaries of Republic Services.
The target assets to be acquired generate approximately $30 million of annualized revenues. The transaction is expected to close by the end of the third quarter and remains subject to customary conditions precedent to closing.
“We are excited to work with Republic and their employees to successfully close this acquisition in an efficient manner,” said John W. Casella, chairman and CEO of Casella Waste Systems, in a statement. “These markets are a natural fit to our existing operations, and we look forward to welcoming Republic’s hardworking employees to our team and maintaining the same excellent service standards for their customers.”