Casella Waste Systems, a regional vertically integrated solid waste, recycling and resource management services company, announced that it has acquired three solid waste businesses with hauling, transfer and recycling operations in Maine, Massachusetts and Vermont. All transactions closed in May.
The company acquired the assets of D & E Rubbish Removal Inc., the assets of Bin Dump’n Trash and the stock of TAM Inc. and its wholly owned and related subsidiaries. In total, Casella expects to generate approximately $11.5 million of annualized revenues from these acquisitions.
“We are excited about these acquisitions, as the operations will integrate well with our existing assets and over time will allow us to build further route density, drive operational efficiencies and internalize additional waste,” said John W. Casella, chairman and CEO of Casella Waste Systems, in a statement. “We look forward to continuing to provide excellent service to their customers, and we welcome their hardworking employees to our team.”
“We continue to make great progress with our acquisition efforts in 2019, and with these acquisitions, we have acquired roughly $18.5 million of annualized revenues year-to-date,” added Casella. “Our acquisition pipeline remains robust with over $30 million of annual revenues under letter of intent that we expect to close by the end of the third quarter, and we continue to be focused on efforts to drive cash flow growth across our footprint through disciplined strategic growth.”