Casella Waste Systems has completed its acquisition of New York-based Consolidated Waste Services, also known as Twin Bridges Waste & Recycling. The $219 million deal closed on Sept. 1.
The acquisition includes two collection operations, one transfer station and a MRF in the greater Albany, New York, area. The deal, expected to generate about $70 million in annualized revenues, is meant to help increase the company’s vertical integration in that region. Vertical integration is an important strategy for Casella in part because of limited landfill space in the region. Casella expects a landfill in Albany to close in 2026.
Casella funded the deal through proceeds from an equity offering completed in June, the company said in a news release.
The deal “provides a solid strategic platform to grow our services in this market,” said CEO John Casella in a statement, where he also welcomed Twin Bridges employees to the company.
The deal comes just months after the company closed on a major $525 million acquisition deal with GFL Environmental for assets in Pennsylvania, Delaware and Maryland.
Twin Bridges currently provides collection, transfer and recycling processing services for residential, commercial and industrial sectors.The family-owned company, which serves New York’s Southern Tier, has been operating for more than 40 years.
In August, Casella also purchased Taylor Garbage, another New York-based waste company, and the company’s staff is expected to continue work under the Casella name, according to local news reports.