Casella Waste Systems, Inc., a regional solid waste, recycling and resource management services company, has entered into a definitive agreement to acquire Royal Carting and Welsh Sanitation and related real estate assets. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions, including regulatory approvals.
The pending acquisition includes two solid waste collection operations and two transfer stations in New York’s Middle and Lower Hudson Valley regions and western Connecticut, which will extend the company’s service territory into new adjacent markets. The pending acquisition is expected to generate over $90 million in annualized revenues with a high concentration of commercial collection service and waste volumes that can be internalized into Casella’s landfills over time.
“Royal is a well-known and respected waste and recycling service provider, and we are excited to enter these new markets with such a strong platform. We have worked closely with Royal for over 30 years and we have the utmost respect for the Panichi family and their team,” said John W. Casella, chairman and chief executive officer of Casella Waste Systems, Inc. “Since 1955, Emil Panichi and his family have built and operated a premier business with a focus on excellent customer service, taking care of their team, and supporting their local communities. ”
