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.
- Industry
- Environmental Services
- Location
- United States
- Transaction Type
- Buyout
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