Vermont Business Magazine Casella Waste Systems, Inc (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company, today announced that it has signed an agreement for the acquisition of the assets of Mountain State Waste. The transaction is expected to close in the fourth quarter pending regulatory approvals. Financial terms were not disclosed.
Mountain State Waste provides residential, commercial, and industrial waste collection services across North Central and Southwestern West Virginia and parts of Ohio, Pennsylvania, and Kentucky. The acquisition includes multiple hauling operations and a transfer station, providing Casella with adjacent geographic expansion into the franchise markets of West Virginia and opening new areas for future growth.
The acquired business is expected to generate approximately $30 million of annualized revenues.
Casella shares on NASDAQ were up about 1% in early trading Monday on NASDAQ as trading was barely positive on the exchange overall. Casella shares were 111.79 (52-week range: 91.01 - 121.24). Casella has a market cap of $7.094 billion and annual revenues in FY2024 of $1.6 billion, net income of $13.5 million and earnings per share of $0.23.
“We are looking forward to welcoming the Mountain State Waste team and their customers to Casella,” said John W. Casella, Chairman and CEO of Casella. “This acquisition aligns well with our strategy of disciplined growth, expanding our geographic footprint into adjacent markets with attractive characteristics. Mountain State Waste has excelled operating in the franchise markets of West Virginia and has built a strong reputation for reliable service and community engagement, and we look forward to building on that legacy.”
“We would like to thank founders Randie Lawson and J.P. Phillips for building a successful company and are excited by J.P.’s decision to join the Casella team to help realize opportunities to further enhance service offerings, invest in infrastructure, and support the communities in the new markets we now serve,” Casella added.
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides resource management expertise and services to residential, commercial, municipal, institutional and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services in the eastern United States.
RUTLAND, Vt., July 14, 2025 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc http://www.casella.com
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