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{{short description|American waste management company}}
{{short description|American waste management company}}
{{Infobox company
{{Infobox company
| name = Casella Waste Systems, Inc.
| name = Casella Waste Systems, Inc.
| logo = LOGO-Casella-Blue.svg
| logo = LOGO-Casella-Blue.svg
| logo_caption =
| logo_caption =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|CWST}} (Class A)<br>[[Russell 2000 Index|Russell 2000 Component]]
| traded_as = {{NASDAQ|CWST}} (Class A)<br>[[Russell 2000 Index|Russell 2000 Component]]
| genre =
| genre =
| foundation = 1975
| foundation = {{start date and age|1975}}
| founder = Douglas Casella
| founder = Douglas Casella
| location_city = [[Rutland (city), Vermont|Rutland, Vermont]]
| location_city = [[Rutland (city), Vermont|Rutland, Vermont]]
| location_country = United States
| location_country = United States
| location =
| location =
| locations =
| locations =
| area_served =
| area_served =
| key_people = [[John W. Casella]] {{small|(CEO)}} [[Edwin D. Johnson]] {{small|(President and COO)}} [[David L. Schmitt]] {{small|(Senior Vice President and General Counsel)}} [[Ned R. Coletta]] {{small|(Senior Vice President and CFO)}}
| key_people = {{Unbulleted list|[[John W. Casella]] ([[Chief executive officer|CEO]])|[[Ned R. Coletta]] ([[President (corporate title)|president]] & [[Chief financial officer|CFO]])|[[Shelley Sayward]] ([[Senior vice president|SVP]], [[general counsel]])<ref>casella.com/leadership</ref>}}
| industry = [[Waste management]]
| industry = [[Waste management]]
| products =
| products =
| services =
| services =
| revenue =
| revenue =
| operating_income =
| operating_income =
| net_income =
| net_income =
| assets =
| assets =
| equity =
| equity =
| owner =
| owner =
| num_employees = 4,000
| num_employees = 2,300<ref name=zenobank>{{cite web |url=http://www.zenobank.com/index.php?symbol=CWST&page=quotesearch |title=Company Profile for Casella Waste Systems Inc (CWST) |accessdate=2008-10-22}}</ref>
| parent =
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| footnotes =
| footnotes =
}}
}}
'''Casella Waste Systems''' ({{NASDAQ|CWST}}) is a [[waste management]] company based in [[Rutland (city), Vermont|Rutland]], [[Vermont]], [[United States]]. Founded in 1975 with a single truck, Casella is a regional, [[Vertical integration|vertically integrated]] solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in seven states: Vermont, [[New Hampshire]], [[New York (state)|New York]], [[Massachusetts]], [[Connecticut]], Maine and Pennsylvania, with its headquarters located in Rutland, Vermont. Casella manages solid waste operations on a geographic basis through two regional operating segments, the Eastern and Western regions, each of which provides a full range of solid waste services, and larger-scale recycling and commodity brokerage operations. Organics services, major account and industrial services, are also provided.
'''Casella Waste Systems, Inc.''' is a [[waste management]] company based in [[Rutland (city), Vermont|Rutland]], [[Vermont]], [[United States]]. Founded in 1975 with a single truck, Casella is a regional, [[Vertical integration|vertically integrated]] solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in seven northeastern states: Vermont, [[New Hampshire]], [[New York (state)|New York]], [[Massachusetts]], [[Connecticut]], Maine and Pennsylvania, with its headquarters located in Rutland, Vermont. Casella manages solid waste operations on a geographic basis through two regional operating segments, the Eastern and Western regions, each of which provides a full range of solid waste services, and larger-scale recycling and commodity brokerage operations. Organics services, major account and industrial services, are also provided.


Casella Waste Systems has 2,300 employees. The company expects total revenue in 2022 to be between $1.065 billion and $1.080 billion, with net income between $53 million and $56 million
Casella Waste Systems has 4,000 employees. Revenues were $1.265 billion for the fiscal year ended December 31, 2023 ("fiscal year 2023"), up $179.5 million, or up 16.5%, from the fiscal year ended December 31, 2022


"If you live in or near [[Boston]]," Barbara Moran wrote for ''Boston Globe Magazine'' in 2013, "there's a fairly good chance your recycling comes here, to Casella in [[Charlestown, Boston|Charlestown]]. The biggest material recovery facility in the state, it sits just north of [[Bunker Hill Community College]], hard against the Interstate 93 northbound lanes, and trucks drop about 750 tons of household- and business-generated recycling here every day."<ref>{{Cite news|last=Moran|first=Barbara|title=Out of Sorts|date=14 July 2013|work=Boston Globe Magazine|page=20}}</ref>
"If you live in or near [[Boston]]," Barbara Moran wrote for ''Boston Globe Magazine'' in 2013, "there's a fairly good chance your recycling comes here, to Casella in [[Charlestown, Boston|Charlestown]]. The biggest material recovery facility in the state, it sits just north of [[Bunker Hill Community College]], hard against the Interstate 93 northbound lanes, and trucks drop about 750 tons of household- and business-generated recycling here every day."<ref>{{Cite news|last=Moran|first=Barbara|title=Out of Sorts|date=14 July 2013|work=Boston Globe Magazine|page=20}}</ref>

Casella has a Diesel Technician Training program as well as a [[Commercial driver's license|CDL]] training school. The Diesel Tech program is currently in Williston, Vermont and the CDL program is in West Rutland, Vermont.<ref>{{Cite web |last=Guy |first=Erica N. |date=2023-12-13 |title=Casella Waste Systems adds diesel tech program |url=https://www.thetrucker.com/trucking-news/equipment-tech/casella-waste-systems-adds-diesel-tech-program |access-date=2023-12-13 |website=TheTrucker.com |language=en-US}}</ref>


== Expansion ==
== Expansion ==
Casella acquired several businesses in 2018 including six solid waste collection businesses and one transfer business in its Western region and two businesses consisting of solid waste collection and transfer operations in the Eastern region.
Beginning in 2018, Casella resumed its growth platform. Casella would acquire several businesses in 2018 including six solid waste collection businesses and one transfer business in its Western region and two businesses consisting of solid waste collection and transfer operations in the Eastern region.


As of January 31, 2019, Casella owned and/or operated 37 solid waste collection operations, 49 transfer stations, 18 recycling facilities, eight Subtitle D landfills, four [[landfill gas]]-to-energy facilities and one landfill permitted to accept construction and demolition ("C&D") materials.
As of January 31, 2019, Casella owned and/or operated 37 solid waste collection operations, 49 transfer stations, 18 recycling facilities, eight Subtitle D landfills, four [[landfill gas]]-to-energy facilities and one landfill permitted to accept construction and demolition ("C&D") materials.


On July 26, 2021, Casella purchased Willimantic Waste Paper Co. Inc., based out of [[Willimantic, Connecticut|Willimantic]], CT. It was Casella's fifth acquisition in 2021.<ref>{{Cite web|title=Casella Waste Systems Acquires Connecticut Based Willimantic Waste Paper Co., Inc. {{!}} Casella Waste Systems, Inc.|url=https://ir.casella.com/news-releases/news-release-details/casella-waste-systems-acquires-connecticut-based-willimantic|access-date=2021-08-30|website=ir.casella.com|language=en}}</ref>
On July 26, 2021, Casella purchased Willimantic Waste Paper Co. Inc., based out of [[Willimantic, Connecticut|Willimantic]], CT. It was Casella's fifth acquisition in 2021.<ref>{{Cite web |title=Casella Waste Systems Acquires Willimantic Waste Paper Co., Inc. |url=https://www.waste360.com/mergers-acquisitions/casella-waste-systems-acquires-willimantic-waste-paper-co-inc- |access-date=2023-12-19 |website=www.waste360.com |language=en}}</ref>

In early April 2023, Casella Waste Systems, Inc. announced the signing of an equity purchase agreement to acquire collection, transfer, and recycling operations in Pennsylvania, Delaware, and Maryland from GFL Environmental Inc. (“GFL”) for a purchase price of $525 million. The proposed acquisition includes nine hauling operations, one transfer station, and one material recovery facility with aggregate annualized revenues of approximately $185 million.<ref>{{cite web |last1=Rosengren |first1=Cole |title=Casella Waste to acquire $525M worth of GFL assets in 3 states |url=https://www.wastedive.com/news/casella-waste-gfl-assets-pennsylvania-maryland-delaware/648382/ |website=Waste Dive |access-date=21 July 2023 |date=April 24, 2023}}</ref>

In September 2023, Casella acquired the collection, transfer, and recycling assets from Consolidated Waste Services LLC and Twin Bridges for $219 million.<ref>{{Cite web |last=Kazdin |first=Tess |date=5 September 2023 |title=Casella completes acquisition of Twin Bridges |url=https://www.wastetodaymagazine.com/news/casella-completes-acquisition-of-twin-bridges/ |access-date=2023-12-13 |website=www.wastetodaymagazine.com}}</ref> Casella acquired a transfer station, two hauling operations, and a material recovery facility in the deal.<ref>{{Cite web |last=Pat |date=2023-09-13 |title=Casella completes $219m acquisition of Consolidated Waste Services, LLC assets |url=https://mountaintimes.info/casella-completes-219m-acquisition-of-consolidated-waste-services-llc-assets/ |access-date=2023-12-19 |website=The Mountain Times |language=en-US}}</ref>

== Conflict and Controversy ==
Casella has a history of legal conflict, including complaints over leachate handling in [[Bethlehem, New Hampshire|Bethlehem, NH]]<ref>{{Cite news |last=Ropeik |first=Annie |date=July 22, 2021 |title=State Says Casella Fell Short On Preventing Major Landfill Leachate Spill In Bethlehem, N.H. |url=https://www.nhpr.org/nh-news/2021-07-22/nh-casella-landfill-bethlehem |access-date=April 22, 2024 |work=New Hampshire Public Radio}}</ref> and [[Southbridge, Massachusetts|Southbridge, MA]],<ref>{{Cite web |title=Toxics Action Ctr., Inc. v. Casella Waste Sys., Inc., 347 F. Supp. 3d 67 {{!}} Casetext Search + Citator |url=https://casetext.com/case/toxics-action-ctr-inc-v-casella-waste-sys-inc |access-date=2024-04-22 |website=casetext.com}}</ref> numerous violations of the [[Consolidated Laws of New York|New York State Environmental Conservation Law]] from 2015 to 2022,<ref>{{Cite web |date=November 3, 2022 |title=DEC Announces Enforcement Action Against Owner and Operators of Ontario County Landfill |url=https://dec.ny.gov/news/press-releases/2022/11/dec-announces-enforcement-action-against-owner-and-operators-of-ontario-county-landfill |access-date=April 22, 2024 |website=New York State Department of Environmental Conservation, Press Releases}}</ref> damage to wetlands in Southbridge, MA,<ref>{{Cite news |date=December 12, 2014 |title=Southbridge landfill to pay $200,000 civil penalty |url=https://www.wbjournal.com/article/southbridge-landfill-to-pay-200000-civil-penalty |access-date=April 22, 2024 |work=Worcester Business Journal}}</ref> anti-competitive service contracts,<ref>{{Cite news |last=Sherman |first=Eli |date=August 13, 2011 |title=Casella to pay $1M penalty for anti-competitive contracts with consumers |url=https://vtdigger.org/2011/08/13/casella-to-pay-1m-penalty-for-anti-competitive-contracts-with-consumers |work=VTDigger}}</ref> occupational health and safety violations,<ref>{{Cite news |last=Lee |first=Brian |date=September 20, 2007 |title=Landfill oversight panel in question |url=https://www.telegram.com/story/news/local/south-west/2007/09/20/landfill-oversight-panel-in-question/52790724007/ |work=Worcester Telegram}}</ref> and operating a landfill without a permit.<ref>{{Cite web |last=Fitzpatrick |first=Edward |date=September 7, 1988 |title=State suing owner of dump in Whitehall |url=https://www.newspapers.com/article/the-post-star/111655570/ |access-date=April 22, 2024}}</ref>


== References ==
== References ==

Latest revision as of 22:05, 17 October 2024

Casella Waste Systems, Inc.
Company typePublic
Nasdaq: CWST (Class A)
Russell 2000 Component
IndustryWaste management
Founded1975; 49 years ago (1975)
FounderDouglas Casella
Headquarters
Rutland, Vermont
,
United States
Key people
Number of employees
4,000

Casella Waste Systems, Inc. is a waste management company based in Rutland, Vermont, United States. Founded in 1975 with a single truck, Casella is a regional, vertically integrated solid waste services company. Casella provides resource management expertise and services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The company provides integrated solid waste services in seven northeastern states: Vermont, New Hampshire, New York, Massachusetts, Connecticut, Maine and Pennsylvania, with its headquarters located in Rutland, Vermont. Casella manages solid waste operations on a geographic basis through two regional operating segments, the Eastern and Western regions, each of which provides a full range of solid waste services, and larger-scale recycling and commodity brokerage operations. Organics services, major account and industrial services, are also provided.

Casella Waste Systems has 4,000 employees. Revenues were $1.265 billion for the fiscal year ended December 31, 2023 ("fiscal year 2023"), up $179.5 million, or up 16.5%, from the fiscal year ended December 31, 2022

"If you live in or near Boston," Barbara Moran wrote for Boston Globe Magazine in 2013, "there's a fairly good chance your recycling comes here, to Casella in Charlestown. The biggest material recovery facility in the state, it sits just north of Bunker Hill Community College, hard against the Interstate 93 northbound lanes, and trucks drop about 750 tons of household- and business-generated recycling here every day."[2]

Casella has a Diesel Technician Training program as well as a CDL training school. The Diesel Tech program is currently in Williston, Vermont and the CDL program is in West Rutland, Vermont.[3]

Expansion

[edit]

Beginning in 2018, Casella resumed its growth platform. Casella would acquire several businesses in 2018 including six solid waste collection businesses and one transfer business in its Western region and two businesses consisting of solid waste collection and transfer operations in the Eastern region.

As of January 31, 2019, Casella owned and/or operated 37 solid waste collection operations, 49 transfer stations, 18 recycling facilities, eight Subtitle D landfills, four landfill gas-to-energy facilities and one landfill permitted to accept construction and demolition ("C&D") materials.

On July 26, 2021, Casella purchased Willimantic Waste Paper Co. Inc., based out of Willimantic, CT. It was Casella's fifth acquisition in 2021.[4]

In early April 2023, Casella Waste Systems, Inc. announced the signing of an equity purchase agreement to acquire collection, transfer, and recycling operations in Pennsylvania, Delaware, and Maryland from GFL Environmental Inc. (“GFL”) for a purchase price of $525 million. The proposed acquisition includes nine hauling operations, one transfer station, and one material recovery facility with aggregate annualized revenues of approximately $185 million.[5]

In September 2023, Casella acquired the collection, transfer, and recycling assets from Consolidated Waste Services LLC and Twin Bridges for $219 million.[6] Casella acquired a transfer station, two hauling operations, and a material recovery facility in the deal.[7]

Conflict and Controversy

[edit]

Casella has a history of legal conflict, including complaints over leachate handling in Bethlehem, NH[8] and Southbridge, MA,[9] numerous violations of the New York State Environmental Conservation Law from 2015 to 2022,[10] damage to wetlands in Southbridge, MA,[11] anti-competitive service contracts,[12] occupational health and safety violations,[13] and operating a landfill without a permit.[14]

References

[edit]
  1. ^ casella.com/leadership
  2. ^ Moran, Barbara (14 July 2013). "Out of Sorts". Boston Globe Magazine. p. 20.
  3. ^ Guy, Erica N. (2023-12-13). "Casella Waste Systems adds diesel tech program". TheTrucker.com. Retrieved 2023-12-13.
  4. ^ "Casella Waste Systems Acquires Willimantic Waste Paper Co., Inc". www.waste360.com. Retrieved 2023-12-19.
  5. ^ Rosengren, Cole (April 24, 2023). "Casella Waste to acquire $525M worth of GFL assets in 3 states". Waste Dive. Retrieved 21 July 2023.
  6. ^ Kazdin, Tess (5 September 2023). "Casella completes acquisition of Twin Bridges". www.wastetodaymagazine.com. Retrieved 2023-12-13.
  7. ^ Pat (2023-09-13). "Casella completes $219m acquisition of Consolidated Waste Services, LLC assets". The Mountain Times. Retrieved 2023-12-19.
  8. ^ Ropeik, Annie (July 22, 2021). "State Says Casella Fell Short On Preventing Major Landfill Leachate Spill In Bethlehem, N.H." New Hampshire Public Radio. Retrieved April 22, 2024.
  9. ^ "Toxics Action Ctr., Inc. v. Casella Waste Sys., Inc., 347 F. Supp. 3d 67 | Casetext Search + Citator". casetext.com. Retrieved 2024-04-22.
  10. ^ "DEC Announces Enforcement Action Against Owner and Operators of Ontario County Landfill". New York State Department of Environmental Conservation, Press Releases. November 3, 2022. Retrieved April 22, 2024.
  11. ^ "Southbridge landfill to pay $200,000 civil penalty". Worcester Business Journal. December 12, 2014. Retrieved April 22, 2024.
  12. ^ Sherman, Eli (August 13, 2011). "Casella to pay $1M penalty for anti-competitive contracts with consumers". VTDigger.
  13. ^ Lee, Brian (September 20, 2007). "Landfill oversight panel in question". Worcester Telegram.
  14. ^ Fitzpatrick, Edward (September 7, 1988). "State suing owner of dump in Whitehall". Retrieved April 22, 2024.
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