Casella waste systems, inc. to acquire select solid waste operations from gfl environmental inc. that will expand footprint into adjacent markets and provide a platform for future growth

Rutland, vt., april 24, 2023 (globe newswire) -- casella waste systems, inc. (nasdaq: cwst), a regional solid waste, recycling, and resource management services company, announced the signing of an equity purchase agreement on april 21, 2023, 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. the acquisition is expected to close by the third quarter of 2023, subject to customary closing conditions, including regulatory approvals.
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