Vermont Business Magazine Casella Waste Systems, Inc(NASDAQ: CWST), a regional vertically integrated solid waste, recycling and resource management services company, announced Wednesday that it has acquired the assets of WeCare Waste & Recycling, LLCand of Valley Sanitation. Both transactions closed on October 1, 2018. WeCare is a provider of residential, commercial and roll-off collection services in the Geneva, NY and Ithaca, NY marketplaces. Valley is a provider of residential and commercial collection services in the Plattsburgh, NY marketplace. In total, the Company expects to generate approximately $5 million of annualized revenues from the WeCare and Valley acquisitions.
“As part of our 2021 strategic plan, we set a goal of $20 million to $40 million per year of acquisition or development activity,” said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. “Including the acquisition of WeCare and Valley, we have acquired roughly $55 million of annualized revenues during 2018, which puts us ahead of our goal for the year and which we expect will drive higher cash flows and growth in key markets. Further, our active pipeline of potential acquisition targets remains robust.”
“WeCare and Valley have both well-run businesses that will tuck-in well with our existing operations and allow us to build further route density and drive operational efficiencies in these key markets,” Casella said. “We look forward to continuing to provide excellent service to their customers and the communities they serve.”
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 athttp://www.casella.com.
Source: RUTLAND, Vt., Oct. 03, 2018 (GLOBE NEWSWIRE) --Casella