Casella Waste Systems Inc., Rutland, Vermont, has acquired three solid waste businesses with hauling, transfer and recycling operations in Maine, Massachusetts and Vermont.
The transactions, which all closed in May, included the acquisition of Waterboro, Maine-based D&E Rubbish Removal Inc., the assets of Wilbraham, Massachusetts-based Bin Dump’n Trash and the stock of Shaftsbury, Vermont-based TAM Inc. and its wholly owned and related subsidiaries. In total, Casella says it expects to generate approximately $11.5 million of annualized revenues from these acquisitions.
“We are excited about these acquisitions as the operations will integrate well with our existing assets and over time will allow us to build further route density, drive operational efficiencies and internalize additional waste,” John Casella, chairman and CEO of Casella Waste Systems, says. “We look forward to continuing to provide excellent service to their customers and we welcome their hardworking employees to our team.
“We continue to make great progress with our acquisition efforts in 2019, and with these acquisitions, we have acquired roughly $18.5 million of annualized revenues year-to-date,” he continues. “Our acquisition pipeline remains robust with over $30 million of annual revenues under letter of intent that we expect to close by the end of the third quarter, and we continue to be focused on efforts to drive cash flow growth across our footprint through disciplined strategic growth.”
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