RUTLAND, Vt. -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional vertically integrated solid waste, recycling and resource management services company, announced that it acquired Willimantic Waste Paper Co., Inc. (“Willimantic”) on July 26, 2021.
Willimantic provides residential, commercial and roll-off collection services in eastern Connecticut and serves over 30,000 customers. In addition, Willimantic operates a rail-served construction & demolition processing and waste transfer facility, a waste transfer station, a single stream recycling facility, and several other recycling operations. The Company expects to generate approximately $62 million of annualized revenues from the Willimantic acquisition.
“We are excited about the acquisition of Willimantic and the expansion of our operating footprint into adjacent markets in eastern Connecticut,” said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. “Willimantic is a leading operator in its markets, well regarded by their customers, with strong operational performance and an excellent team.”
“We believe that Willimantic will provide an excellent platform for future growth, with the opportunity to further scale our resource solutions business,” Casella said.
“We are extremely pleased to welcome the hardworking Willimantic employees to our team and we are eager to partner with Tim DeVivo and Tom DeVivo on integrating their business into Casella,” Casella said. “And, we look forward to continuing to provide excellent service to our new customers and the communities that Willimantic serves.”
“Willimantic marks our fifth acquisition in 2021, as we continue to execute well against our long-term growth strategy,” Casella said. “In total we have acquired approximately $67 million of annualized revenues year-to-date. Our acquisition and development pipeline remains robust, and we believe that there is substantial opportunity to drive additional cash flow growth with opportunistic acquisitions.”
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States. For further information, investors should contact Ned Coletta, chief financial officer at (802) 772-2239, and media should contact Joseph Fusco, vice president at (802) 772-2247, or visit the company’s website at http://www.casella.com.