Casella Waste Systems Acquires Select Solid Waste Operations from GFL Environmental for $525M

April 24, 2023

Casella Waste Systems agreed to acquire collection, transfer and recycling operations in Pennsylvania, Delaware and Maryland from GFL Environmental Inc. for $525 million. The assets include nine hauling operations, one transfer station and one material recovery facility with approximately $185 million of annualized revenues (and an expected ~$43 million of EBITDA), and the deal is intended to expand Casella's Mid‑Atlantic footprint and provide a platform for future growth; closing was expected by Q3 2023 subject to customary conditions.

Buyers
Casella Waste Systems, Inc.
Targets
Select solid waste collection, transfer and recycling operations from GFL Environmental Inc. (Pennsylvania, Delaware and Maryland)
Sellers
GFL Environmental Inc.
Location
United States
Transaction Type
Buyout

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