Photo from Recycling Today photo archives
Casella Waste Systems Inc., Rutland, Vermont, a regional solid waste, recycling and resource management services company, has acquired the collection, transfer and recycling assets of Consolidated Waste Services LLC and its affiliates, dba Twin Bridges. The purchase price was approximately $219 million and was funded through proceeds from the company’s equity offering completed June 16.
The acquisition includes two hauling operations, one transfer station and one material recovery facility (MRF) in the greater Albany, New York, market. The company says it expects to generate total annualized revenues of approximately $70 million.
“We believe that Twin Bridges fits well with our operations and provides a solid strategic platform to grow our services in this market,” Casella Waste Systems CEO John W. Casella says. “Twin Bridges was built on delivering quality service to its customers, and we are intently focused on continuing this commitment. We would like to welcome Twin Bridges’ hardworking team members to Casella, and we are excited to serve our new customers.”
This purchase follows the acquisition of multiple companies since 2021. Earlier this year, Casella Waste Systems acquired assets from Vaughan, Canada-based GFL Environmental Inc. The company acquired Northstar Pulp & Paper Inc., Springfield, Massachusetts, in 2022, and Willimantic Waste Paper Co., Willimantic, Connecticut, in 2021.
Latest from Waste Today
- Contract considerations for haulers
- Legislation would require Oregon landfills to use aerial, drone or satellite monitoring
- GFL Q4 results ‘exceed expectations’
- ETW commissions first biomethane plant in Italy
- Circular accelerators accept applications
- Cascade Cart Solutions adds two sales team members
- Oregon lawmakers consider requiring large-scale food producers to compost
- California landfill strengthens disposal policies
