Casella Waste Systems Expands with Mountain State Waste Deal

Casella Waste Systems, Inc. Acquires Mountain State Waste

Casella Waste Systems, Inc. (NASDAQ: CWST), a prominent company in the solid waste, recycling, and resource management sectors, is making headlines with its latest acquisition agreement for Mountain State Waste. This strategic move marks a significant expansion for Casella, allowing them to broaden their services into new markets.

Overview of the Acquisition

The deal entails the acquisition of Mountain State Waste's assets, a company well-established in providing waste collection services across various sectors, including residential, commercial, and industrial clients. With operations concentrated in North Central and Southwestern regions, the acquisition brings with it a wealth of opportunities for growth as Casella aims to tap into these franchise markets.

Boosting Revenue Potential

This acquisition is projected to generate around $30 million in annual revenue for Casella. The addition of multiple hauling operations and a transfer station strengthens Casella's foothold in key geographic areas, enabling them to offer enhanced services and capabilities to their customers.

Leadership Insights

John W. Casella, the Chairman and CEO of Casella, expressed his enthusiasm for the acquisition. He noted, “We are looking forward to welcoming the Mountain State Waste team and their customers to Casella.” He believes this acquisition is a perfect fit for Casella’s strategy, which focuses on disciplined growth and geographical expansion. Mountain State Waste has a well-earned reputation for providing reliable service and maintaining strong community ties, aspects that Casella aims to nurture and enhance.

Community Engagement and Service Enhancement

Casella Waste Systems recognizes the contributions of Mountain State Waste’s founders, Randie Lawson and J.P. Phillips, for establishing a robust company. Particularly exciting is the news of J.P. Phillips joining Casella’s ranks, where he will focus on capitalizing on new opportunities to improve service offerings and invest in infrastructure.

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, has become a leading entity in the waste management sector. The company’s expertise encompasses a range of services, including solid waste collection, disposal, transfer, recycling, and organics services. It serves diverse clients, including residential, commercial, municipal, and institutional customers primarily in the eastern United States.

Investor and Media Inquiries

For inquiries related to investments, Brian J. Butler serves as the Vice President of Investor Relations and is reachable at (802) 855-4070. Those seeking media information can contact Jeff Weld, the Vice President of Communications, at (802) 772-2234.

Frequently Asked Questions

What is the significance of the acquisition of Mountain State Waste?

The acquisition allows Casella Waste Systems to expand its presence in targeted markets and is expected to contribute approximately $30 million in annual revenues.

Who was involved in the Mountain State Waste acquisition?

Notable figures include John W. Casella, Chairman and CEO, and Mountain State Waste founders, Randie Lawson and J.P. Phillips.

What services does Casella Waste Systems provide?

Casella offers solid waste collection, disposal, transfer, recycling, and organics services to various customers, including residential, commercial, and municipal clients.

What will be the focus of J.P. Phillips at Casella?

J.P. Phillips will concentrate on enhancing service offerings and investing in infrastructure to better serve the newly expanded markets.

How does Casella plan to grow after this acquisition?

Casella aims to leverage the strengths of Mountain State Waste while maintaining its strategy of disciplined growth and expanding its geographical footprint in attractive markets.

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