Cagkan | stock.adobe.com
Casella Waste Systems Inc., Rutland, Vermont, has agreed to acquire Mountain State Waste.
The transaction is expected to close in the fourth quarter pending regulatory approvals.
Mountain State Waste provides residential, commercial and industrial waste collection services across north-central and southwestern West Virginia, as well as 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.
“We are looking forward to welcoming the Mountain State Waste team and their customers to Casella,” Casella CEO John W. Casella says. “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."
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