M&A
confidence high
sentiment positive
materiality 0.75
Casella Waste Systems completes $219M acquisition of Twin Bridges assets
CASELLA WASTE SYSTEMS INC
- Acquired collection, transfer, and recycling assets of Consolidated Waste (Twin Bridges) for ~$219M cash.
- Deal funded via June 2023 equity offering; includes two hauling ops, one transfer station, one MRF.
- Expected to generate ~$70M in annualized revenues; expands Casella in greater Albany, NY market.
- Chairman and CEO John W. Casella says Twin Bridges fits well, welcomes team members to Casella.