Casella Waste Systems
 | |
| Company type | Public |
|---|---|
| Nasdaq: CWST (Class A) Russell 2000 Component | |
| Industry | Waste management |
| Founded | 1975 |
| Founder | Douglas Casella |
| Headquarters | , United States |
Key people |
|
Number of employees | 4,000 |
Casella Waste Systems (Nasdaq: CWST) 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 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 3,000 employees. Revenues were $1.085 billion for fiscal year 2022, up $195.9 million, or up 22.0%, from the fiscal year 2021. Net income was $53.1 million for fiscal year 2022, up $12.0 million, or up 29.1%, from 2021.
"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
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.
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.[4]
In September 2023, Casella acquired the collection, transfer, and recycling assets from Consolidated Waste Services LLC and Twin Bridges for $219 million.[5] Casella acquired a transfer station, two hauling operations, and a material recovery facility in the deal.[6]
References
- ^ casella.com/leadership
- ^ Moran, Barbara (14 July 2013). "Out of Sorts". Boston Globe Magazine. p. 20.
- ^ Guy, Erica N. (2023-12-13). "Casella Waste Systems adds diesel tech program". TheTrucker.com. Retrieved 2023-12-13.
- ^ Rosengren, Cole (April 24, 2023). "Casella Waste to acquire $525M worth of GFL assets in 3 states". Waste Dive. Retrieved 21 July 2023.
- ^ Kazdin, Tess (5 September 2023). "Casella completes acquisition of Twin Bridges". www.wastetodaymagazine.com. Retrieved 2023-12-13.
- ^ Pat (2023-09-13). "Casella completes $219m acquisition of Consolidated Waste Services, LLC assets". The Mountain Times. Retrieved 2023-12-19.
External links
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