M&A Deal Summary

Casella Acquires GFL Environmental Corp s Select Solid Waste Operations

On April 24, 2023, Casella acquired environmental company GFL Environmental Corp s Select Solid Waste Operations from GFL Environmental for 525M USD

Acquisition Highlights
  • This is Casella’s 7th transaction in the Environmental sector.
  • This is Casella’s largest (disclosed) transaction.
  • This is Casella’s 8th transaction in the United States.
  • This is Casella’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2023-04-24
Target GFL Environmental Corp s Select Solid Waste Operations
Sector Environmental
Buyer(s) Casella
Sellers(s) GFL Environmental
Deal Type Divestiture
Deal Value 525M USD

Target

GFL Environmental Corp s Select Solid Waste Operations

Pennsylvania, United States
GFL Environmental Corp's Select Solid Waste Operations comprises nine hauling operations, one transfer station, and one material recovery facility in Pennsylvania, Delaware, and Maryland.

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Buyer(S) 1

Buyer

Casella

Rutland, Vermont, United States

website


Category Company
Founded 1975
Sector Environmental
Employees3,200
Revenue 1.1B USD (2022)
DESCRIPTION

Casella is a regional, integrated solid waste services company, operating primarily throughout the eastern portion of the United States and parts of Canada. Casella Waste Systems provides collection, transfer, disposal and recycling services, generation of electricity and steam and the manufacture of finished products utilizing recyclable materials. Casella was incorporated in 1975 and is based in Rutland, Vermont.


DEAL STATS #
Overall 8 of 9
Sector (Environmental) 7 of 8
Type (Divestiture) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 8 of 9
Year (2023) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 Northstar Pulp & Paper

Springfield, Massachusetts, United States

Northstar Pulp & Paper is a resource management company focused on recycling processing, brokerage services, and collection across the northeast for industrial, institutional, and commercial customers. Northstar Pulp & Paper is based in Springfield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Twin Bridges

Clifton Park, New York, United States

Twin Bridges is a solid waste management company that provides residential, commercial, and industrial collection, transfer, and recycling processing services. Twin Bridges is based in Clifton Park, New York.

Buy $219M

Seller(S) 1

SELLER

GFL Environmental

Vaughan, Ontario, Canada

website


Category Company
Founded 2007
Sector Environmental
Employees15,000
Revenue 6.8B USD (2022)
DESCRIPTION

GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario.


DEAL STATS #
Overall 1 of 2
Sector (Environmental) 1 of 2
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Sprint Waste

Sugar Land, Texas, United States

Sprint Waste is a vertically integrated network of solid waste assets across 14 sites in Texas and two sites in Louisiana, including two C&D landfills in the Greater Houston Area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 GFL Environmental - Colorado & New Mexico Operations

United States

GFL Environmental's Colorado & New Mexico Operations provides recycling, collection, and disposal assets in four Colorado markets – Denver, Colorado Springs, Durango, and Cañon City – as well as the Bloomfield, N.M., market.

Sell -