Casella Waste Systems, Inc., a regional vertically integrated solid waste, recycling and resource management services company, has acquired the assets of Youngblood Disposal Enterprises of Western New York and its wholly owned subsidiaries of Silvarole Transfer, Inc. and select assets of Silvarole Trucking, Inc. Both transactions closed on August 31.
Youngblood is a provider of residential, commercial and roll-off collection services in the Rochester, N.Y., marketplace. Silvarole operates a 950 ton-per-day solid waste transfer station and provides roll-off collection services in the Rochester marketplace. In total, the company expects to generate approximately $30 million of annualized revenues from the Youngblood and Silvarole acquisitions.
“As part of our 2021 strategic plan, we set a goal of $20 million to $40 million per year of acquisition or development activity,” said John W. Casella, chairman and CEO of Casella Waste Systems, in a statement. “Including the acquisition of Youngblood and Silvarole, we have acquired nearly $50 million of annualized revenues during 2018, which puts us ahead of our goal for the year and which we expect will drive higher cash flows and growth in key markets.”
“Youngblood and Silvarole have both built exceptional businesses that are well regarded by their customers, have strong operational performance and excellent teams,” Casella added. “We believe that these acquisitions are a great strategic fit with our operations and our long-term plan. We are excited to enter the Rochester market, which presents a great opportunity to extend into an adjacent market and internalize additional volumes to our landfills in Western New York that currently have excess annual capacity.”
“We are extremely pleased to welcome the hardworking Youngblood and Silvarole employees to our team,” he concluded. “And, we look forward to continuing to provide excellent service to their customers and the communities they serve.”