Casella Waste Systems, Inc., a regional solid waste, recycling and resource management services company, signed an equity purchase agreement on April 21, 2023, to acquire collection, transfer and recycling operations in Pennsylvania, Delaware, and Maryland from GFL Environmental Inc. 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.
The acquisition was unanimously approved by Casella’s board of directors and is expected to close by the third quarter of 2023, subject to customary closing conditions, including regulatory approvals.