Casella acquires pair of New York waste management companies

Casella Waste Systems Inc., Rutland, Vermont, announced Sept. 6 that it has acquired the assets of Youngblood Disposal Enterprises of Western New York LLC and its wholly owned subsidiaries in addition to Silvarole Transfer Inc. and select assets of Silvarole Trucking Inc. Both transactions closed on Aug. 31.

Youngblood is a provider of residential, commercial and roll-off collection services in the Rochester area, while Silvarole operates a 950-ton-per-day solid waste transfer station and provides roll-off collection services throughout the area. In total, Casella expects to generate approximately $30 million of annualized revenues from the Youngblood and Silvarole 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,” John W. Casella, chairman and CEO of Casella Waste Systems Inc., says. “Including the acquisition of Youngblood and Silvarole, we have acquired nearly $50 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.

“Youngblood and Silvarole have both built exceptional businesses that are well regarded by their customers, have strong operational performance and excellent teams. We believe that these acquisitions are a great strategic fit with our operations and our long-term plan. We are excited to enter the Rochester market, which presents a great opportunity to extend into an adjacent market and internalize additional volumes to our landfills in western New York that currently have excess annual capacity.

“We are extremely pleased to welcome the hardworking Youngblood and Silvarole employees to our team. And we look forward to continuing to provide excellent service to their customers and the communities they serve.”