Casella also noted four acquisitions so far in 2025 and plans to continue internalizing more landfill tons and updating fleets
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policy changes and better communication could help ease challenges associated with adding recycled content to packaging
said speakers at the Plastics Recycling Conference
Extended producer responsibility and bottle bills will continue to influence recycling policy at the state level
Other bills for batteries or mattresses could also make an appearance in 2025
The free newsletter covering the top industry headlines
A subsidiary of Casella Waste Systems is suing New Hampshire environmental regulators
arguing that the state’s denial of a controversial landfill permit was premised on faulty rules
At issue is the state’s decision to issue a “denial by dormancy,” rejecting Casella’s bid for a landfill permit in Dalton
a North Country town near Forest Lake State Park
because the company’s application was not updated for more than a year
and violates the constitutional separation of powers
They’re asking a New Hampshire judge to declare that the state agency’s rules are void
The lawsuit also argues that Granite State Landfill was submitting new material to regulators throughout the past year
“It is unfortunate that despite providing thousands of pages of documents over the course of two years and nearly a dozen separate supplemental submissions in response to requests from NHDES
that they chose to deny the permit application based on dormancy,” Casella spokesperson Jeff Weld said in an email
and work being conducted in support of the permit application supports our claim in the petition that there is no way for the application to be considered “dormant” within any ordinary meaning of that word.”
State regulators consider an application dormant if it is not completed within 12 months of the date they alert the applicant it is “incomplete.”
Granite State Landfill LLC, owned by the Vermont-based Casella Waste Systems, first applied for the permit in October 2023. That application came after a previous attempt to get state permits, which Casella abandoned in 2022
Over the course of more than a year, state regulators sent the company four letters requesting more information needed to complete the application
The letters warned that if the application was not complete within a year
it would be considered “dormant” and could be denied
State regulators followed through on those warnings last week, issuing a denial by dormancy on April 3
The denial said that the company had not provided a site report that demonstrated the facility complied with state requirements
Regulators also said the company didn’t demonstrate that they have a legal right to use the proposed site
Department of Environmental Services officials declined a request for an interview on the denial
said the company is confident that the development of the landfill will remain “on track,” saying that the state needs capacity for more trash and residents and businesses could experience higher costs if that landfill is not approved.
who leads the North Country Alliance for Balanced Change
an advocacy group that has opposed the Dalton landfill proposal
“At some point they have to recognize that they picked a terrible site
and despite the aggressive nature of pursuing this
that there's probably a time to rethink and move on,” he said
Morrison said he’s become concerned about the big picture around New Hampshire’s solid waste system
it was certainly very much about a specific project in a site that we thought was totally inappropriate,” he said
this is much more than about a single project in a specific site
We have learned that our rules and regulations
The landfill proposal has divided the community of Dalton for years
with many residents opposed to the construction of a landfill near Forest Lake and others excited about the prospect of more tax revenue in town and eager to protect the rights of property owners and businesses
another longtime critic of the landfill proposal who owns a home near Forest Lake
called New Hampshire’s current landfill rules “grotesquely bad” and said he wished state regulators had denied the project on scientific grounds
Finkel said he doesn’t want any other community to experience what has unfolded in Dalton
“This is going to happen again to some other community – it may be us
it may be another place in the state – until the state drags itself or is dragged into the 20th century.”
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2025 (GLOBE NEWSWIRE) -- Casella Waste Systems
will release its financial results for the three months ended March 31
A replay of the call will be available on the company’s website and accessible using the same link
The company also announced today that the company’s management will be presenting at the following investor conference:
and Doug Casella in front of a Casella truck in 1988
Great people, sustainable resource management and a commitment to innovation have fueled the growth of Casella Waste Systems for 50 years
Doug Casella used his high school savings to buy a truck he used to collect trash from around the Killington area
who had been working in the hospitality industry like their parents
John Casella officially became his brother’s business partner full time
“One of the things that we saw early on was
there was a tremendous amount of corrugated cardboard,” says Casella. “Even back then
cardboard had value as a recycling commodity
and it was also very difficult to manage in the landfill.”
the brothers had built Vermont’s first recycling facility
they went to Maine to buy an upstroke baler from a defunct woolen mill to compact cardboard into something that could be sold
“We did the research for all the paper mills in New England
started building relationships with them and started selling all of the cardboard coming out of the waste stream,” Casella says
“We ended up going into the landfill with a load of waste and coming out of the landfill with a load of cardboard back to the recycling facility.”
Vermont’s bottle bill had taken effect just a few years earlier
so Casella’s recycling facility also processed glass
Ned Coletta had been working at med-tech companies in the early 2000s
he was looking to get more business experience working with senior leadership
I’m going to interview you at 8 a.m.
but show up at the Walmart parking lot at 4 a.m
and I’ll have one of my drivers pick you up,’” Coletta says
“I worked my butt off all morning.”
Casella and the driver met in between the collection and the interview to assess Coletta’s efforts
It must have been a satisfactory report; Coletta was hired as vice president of finance and investor relations in December 2004
“I appreciate the fact that the CEO of this company cared about his employees so much and wanted to know that people who were joining his team had empathy for how the work gets done,” Coletta says
The driver he worked with that morning was Ken Hier
Casella’s first employee in 1976 with a 40-year tenure
Casella created a driver training school that now bears his name: the Kenneth A
More than 300 employees have completed the program
always ending the day to clean his truck to make sure it upheld those expectations that Casella set forward,” Hier’s daughter said at the training center dedication
“He rarely took a vacation to hunt or fish
In 1997, Casella Waste Systems became a publicly traded company on the NASDAQ
“One of the reasons for the public offering was we had significant opportunities to grow
similar to what we’ve done in the last 20 years
so we took advantage of that,” Casella said
A strong couple of decades at its launch and strong recent growth bookend a period of uncertainty for the company
Acquisitions and a massive landfill development initiative at the start of the millennium stressed Casella’s debt burden
which means how much debt we had to how much cash we produced in a year was close to six times
“We were having a really hard time investing back into the business.”
A new strategic plan was implemented to change up the company’s capital allocation
maximize capacity at the landfills and work with customers on recycling prices
we put forward a new strategic plan that said ‘let’s start working on development projects again,’” Coletta says
“We created a new adjacent market for us to vertically integrate our landfills and recycling facilities
we’ve acquired 70 companies across the Northeast and really accelerated growth.”
In the eight years since that plan launched
Casella has facilities in 10 New England and mid-Atlantic states
more than 5,000 employees and a market capitalization of $7 billion
From the first purchase of a second-hand baler
Casella has supported its growth through improvements and expansions to recycling
“I was here when we first started rolling out Zero-Sort® recycling to customers
and that was really revolutionary,” Coletta says
Continued investments in technology have made it so that the company can process even more recyclables
and have a cleaner product to sell at the end
Casella recently completed renovations to their Charlestown
the throughput of Zero-Sort® recycling has increased nearly 40%
and the quality of the material being shipped to market has increased about 35%
The company also worked to create a formula to help reduce the volatility of selling recycled material
“One of the biggest innovations we’ve had as a company in the last decade is something called the Sustainability Recycling Adjustment Fee,” Coletta says
we created a floating fee on our customers’ bills that
we charge a slight fee to our residents or commercial businesses
we created a model that took a lot of recycling commodity risk and gave a very small piece to millions of different customers.”
Casella also has clients in 47 states that they work with on waste reduction measures
“The sustainability piece was always in our blood right from ’77
but the level of sophistication has changed,” Casella says
“We’re now providing circular services to industrial companies like Becton Dickinson
helping them with hard-to-recycle plastics that are coming off of their manufacturing process.”
these programs are helping to shift more waste away from landfills and put them back into circulation
“The future is very bright,” Casella says
He expects improvements in artificial intelligence and robotics will continue to make recycling more efficient and thus more accessible to all
Landfill technologies have improved the environmental safety of facilities and more efforts are going into leachate treatment and methane capture
“We’re going to be the first to cannibalize ourselves in the landfill business,” Casella says
“If we can find a higher and better use and put material through the recycling processing facility
we’ll generate more free cash flow by doing that
It’s very consistent with the financial implications of the business
They think that waste companies make all of their money on the disposal side
and it’s not the case anymore.”
Casella improves the circular economy and finds solutions to benefit communities
“Our business enables our customers to be more sustainable and have more of a positive impact on the world around them,” Coletta says
“For each ton of carbon Casella emits — running our trucks
we reduce close to five tons through our actions of how we run our business: through recycling
It’s kind of an amazing story that each day we run our business
This article was featured in Driving Sustainability in New Hampshire.
Sustainability is a journey without a destination. It is constantly evolving, and Casella Waste Systems has found that for 50 years
Learn more about where Casella is along that journey in New Hampshire
Read the digital edition.
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and California has big plans for marine conservation
New legislation has presented a mandate to establish an ambitious network of marine protected areas (MPAs) unlike anywhere else in the world
The goal is to craft strategic protections to safeguard the state’s marine life for preservation and economic benefits alike
Now 25 years later, an international team of researchers, led by scientists at UC Santa Barbara, have evaluated the network’s effects across different species and habitats. “What everyone wants to know is do MPAs work?” said Joshua Smith, lead author of a new study on the matter published in Conservation Biology.
The study confirmed many benefits an MPA can confer to sea life
and those with a greater diversity of habitats
Stronger protections also correlated with more pronounced results
With international targets aiming to protect more of the world’s oceans
the findings can inform approaches to MPA design and networks that span multiple ecosystems
Marine protected areas have emerged as a leading tool for protecting ocean ecosystems
But there’s a lot of diversity in the character
size and regulations of MPAs around the world
from a total ban on all extractive or destructive activities to various regulations on infrastructure
In 1999, the California Legislature passed the Marine Life Protection Act (MLPA), which required the state to overhaul its marine reserves. The legislation prompted the creation of the first statewide MPA network in the United States, and perhaps the most extensive in the world. “This huge, state-wide network, and its comprehensive design process, was sort of revolutionary at the time,” said co-author Cori Lopazanski
a doctoral student at UCSB’s Bren School of Environmental Science & Management
“The state invested a ton of time and energy into designing this network of 124 marine protected areas [using the best science of the time],” said Smith
a former postdoc at UCSB and now an ocean conservation research scientist at the Monterey Bay Aquarium
Rather than close a giant area of the ocean
the state decided to set aside a constellation of smaller protected areas distributed across the coast
They specifically engineered the network to enable the interchange of animals
plankton and nutrients between different reserves
“And now, only years later, are we finally able to evaluate the network in its totality,” said senior author Jennifer Caselle
Jenn Caselle's research is broadly focused on Marine Conservation and reef ecology
She currently works in both coral reef and kelp forest ecosystems studying community dynamics
recruitment and larval dispersal and movement patterns of fishes
scientists converged in Santa Barbara for a working group to inform management recommendations and decisions
The effort was hosted by the National Center for Ecological Analysis and Synthesis (NCEAS)
a National Science Foundation research center at UC Santa Barbara
Twenty-four scientists collaborated on the resulting paper
which sought to determine the conservation performance of 59 MPAs in California’s MPA network
the authors considered the number of species present in an area
the relative abundance of different species and the overall biomass
Biomass is simply a scientific way to say “pounds of living stuff.” In this case
The researchers compiled long-term data on 170 taxa from the MPA monitoring efforts of four groups
each focused on a different habitat: the surf zone
The four monitoring groups had very similar data
but they collected and notated in different ways
So authors had to clean and synthesize the disparate data sources
we compared what’s inside the MPA to what’s outside,” Lopazanski said
“Now we could take all of that information and put it in a single analysis that tells us something about how the MPA is performing across all of those ecosystems,” Smith added
the authors found that MPAs increased fish biomass across the whole network
This primarily came from species targeted by fisheries
which suggests that the protection from fishing really does help boost their population health
Biomass can change in two ways: more fish and larger fish
Although their analysis didn’t distinguish between the two
the authors suspect the gains were a combination of both
A few characteristics seemed to correlate strongly with conservation benefits
MPAs with more stringent protections saw greater gains
as did areas that had previously experienced heavy fishing
Older MPAs also produced more significant results
“Many fish in California are slow growing and take a long time to mature,” Smith said
“So it makes sense that the benefits of MPAs are going to take time to actually manifest.”
Habitat diversity emerged as a major predictor of success
Although scientists and fishermen often classify species by their preferred habitat
a single fish may move between habitats from day to day
“If you have different habitats in proximity to each other
then there’s more variability in the types of resources
shelters — the types of things fish need to survive — in the space where they’re living” Lopazanski said
Including diverse habitats within an MPA ensures that fish don’t have to leave an MPA to seek these things out
none of these features appeared to influence the number or relative abundance of different species present
Smith suspects the former may stem from California’s past stewardship
The state has boasted strong fishery management for decades
so few species were completely gone from any area
protection can increase the number and size of fishes without necessarily changing the relative abundance of different species
The authors are encouraged by their findings
“It was exciting to see that all of the planning and design that went into putting this huge network into place was producing many of its intended benefits,” Lopazanski remarked
One of the strengths of a marine reserve is that it can protect large areas with many species
“MPAs are always designed to protect multiple habitats
but they are rarely evaluated with all of the different habitats in a single study,” Caselle said
And that’s in part because scientists specialize
But California supports broad monitoring efforts across its marine reserves
and this paper analyzes all these habitats at once
Santa Barbara is a leading research institution that also provides a comprehensive liberal arts learning experience
and staff is characterized by a culture of interdisciplinary collaboration that is responsive to the needs of our multicultural and global society
All of this takes place within a living and learning environment like no other
as we draw inspiration from the beauty and resources of our extraordinary location at the edge of the Pacific Ocean
New frontiers for well-being in Antarctica and isolated spaces
Ecologist Joan Dudney studies forest change in a warming world
World’s biggest Raspberry Pi cluster is now at UCSB
Lithium shows its metal, paving the way for better batteries
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2025 at her home following a period of declining health
Christine was born in Waltham on October 28
a daughter of the late Salve and Emily (Vaccarella) Casella and was a 1974 graduate of Waltham High School
After that she earned a degree in nursing from Lasell College in Newton
She worked for years at Brigham and Women’s Hospital in Boston and after that for Partners VNA
Among patients and co-workers she will long be remembered for providing kind
Christine and her family lived in Duxbury for twenty-six years before moving to West Yarmouth in 2009
Ohio and Abigail Jackson (Christopher) of Abington; her grandchildren
Samantha and Sarah Saulnier and Daley and Harper Jackson; her sisters and brother
Janice Shelton (Curtis) of Groton and John Casella (Michelle) of Waltham; her brother and sisters-in-law
Sheila Ierardi (Michael) of Onset and Aimee Saulnier of West Yarmouth
was a loving friend and caregiver for Christine
nephews and their families and another cherished caregiver Donna Gibson
Family and friends will honor and remember Christine’s life by gathering for an Evening Wake in The Joyce Funeral Home
Memorial donations may be made to Cape Cod Alzheimer’s Support Center
MA 02631 or online at www.alzfamilysupport.org
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The Magazine of the Science Fiction and Fantasy Field
revisiting older selections with a book club or two
and a very rewarding set of reads for several projects I’ve been hammering at – the Ancillary Review’s podcast
particularly – I was practically drowning in fascinating titles
regretfully) to my top three choices in three categories: science fiction
2024 was yet another year wherein I loudly lamented the death of science fiction
duly embarrassed to note an absolute wealth of excellent science fiction titles once again – it’s becoming something of a tradition
What unites my top three picks in science fiction this year is anger
but what Premee Mohamed’s The Siege of Burning Grass
and the Chain have in a common is a sense of righteous rage at injustice; though none of them reach utopia
they’re all working on a map towards a better world
I’m counting The Siege of Burning Grass as science fiction
I wouldn’t want to set its weirdness aside – delightful
and reminiscent of both the New Weird and planetary romances – but what one finds underneath that is a thoroughly unmagical interest in peace
in what people will sacrifice and compromise for their ideals and their communities
and a decidedly nonfantastic clarity about how easily toxic systems of violence can take root in a person
Alefret is the most memorable protagonist I’ve encountered in ages
and Mohamed’s delivery of deeply felt political ideals in such a simultaneously fantastic and realistic world is quite the accomplishment
is more explicitly tied to our actual Earth than most SF I read this year
and none of it feels extraneous – first contact with aggressive and fascinating aliens
a bizarre deadly artifact like something out of Solaris or Roadside Picnic – it’s a fast-talking technophilic philosophy-thriller in the lineage of Sphere and Blood Music
But what it’s most interested in are the current
real-world politics and ideologies that manufacture and excuse atrocity: imperialism
and Dickinson’s not shy about showing how we’re actively colluding
and just overflowing with cool lines and ideas
and I’m really curious to see how far Dickinson goes towards charting some solutions in the sequel
The one book you absolutely cannot skip from 2024 is Sofia Samatar’s The Practice
also don’t miss out on her book of craft and memoir
Opacities.) A generation-ship story – I know
turns out they’re not – that sometimes struck me with its realism
sometimes with its parable-like moral clarity
the novella distills much that I admire about Samatar’s writing: her gift for atmosphere
and for evoking a character or a culture through small gestures and details
Its engagement with class struggle broadly would recommend it in any year; this year
with universities brutally punishing students and professors for protesting the genocide in Gaza
the novella’s spear-sharp jabs at academic hypocrisy strike particularly hard
it doesn’t make it all the way to a solution
and the Chain is clear that if we’re to get there
by forging chains as well as breaking them
Although I read plenty of serious fantasy this year – and there’s plenty that’s serious in my top three – what struck me about the best fantasy that I read this year was that they reminded me that reading this stuff is fun
that my instincts and joys in reading go back to the whimsical
world-focused stories that got me into books in the first place
is front and center in Nghi Vo’s The City in Glass
this is a novella with anger in its marrow – a formative atrocity that never leaves the narrative or the narrator – but it’s also a love letter
layers this paean to cities with a healthy dose of skepticism
in this story of angels and demons and flitting generations of city-dwellers
The City in Glass evokes that city-feeling that can sweep over you on a good day
Death and danger lurk on every page of Robert Jackson Bennett’s The Tainted Cup
but once again I was just bowled over by what an entertaining writer he is
A pitch-perfect blend of murder-mystery and carefully constructed secondary world
my jaw is on the floor for how seamlessly he keeps this narrative humming along as he introduces ever-more outlandish and inventive elements
There are giant leviathans trying to squash all humanity
an elaborate system of quasi magical biological modifications – one could make a strong case this is science fiction
but I’m going to ignore that hypothetical case for my current categorization – and an intricate and conspiracy-rich cast of characters and cultures
the core mechanic – an eccentric and brilliant detective
a capable but unusual assistant with secrets of his own – just works
nothing I read in 2024 tops Jared Pechaček’s debut novel
One could try to sketch out comparatives and influences – Gormenghast and Hieronymous Bosch
I just have; but that doesn’t quite capture the potent inventive whimsy of this novel
and it’s simply wealthy with weird little folks trying to make their way in a big
and feels like a new classic in the making
I saved myself this third category for things that don’t quite fit into standard science fiction or fantasy molds
I’m having a hard time finding a unifying theme
But I think I could say that what most impressed me in Weird fiction this year
in hard-to-classify things – and I’m absolutely grimacing about what I clipped to get this down to three – is something about knowledge: work that speaks to the difficulty of knowing what’s going on in the world
or within us; work about the attempt to know
and to act rightly even when we don’t for sure
that didn’t make my self-imposed limit – also showcase how experimentation in the form is necessary to meet the moment: how using every tool in speculative fiction’s toolbox
is just barely enough to come close to something like reality
Laura van den Berg’s State of Paradise is an excellent case in point
The novel’s nameless protagonist is herself a writer
a ghostwriter anyway; throughout State of Paradise’s increasingly surreal and fantastic Floridian exploits
the ludicrousness of writing itself is constantly in the narrator’s mind
And thus the reader’s: the anguish of the empty page
but also the silliness of conventional plots
this novel is a catalog of strangeness that
This is the most engaging exploration of collapse I’ve read
how ecology and culture falling apart – faster in some places – is just impossible to fit into a normal
One of the things that most stood out to me in Elwin Cotman’s Weird Black Girls is not just how speculative elements can reinforce more traditional storytelling techniques
but how there’s so much richness and strangeness in what we already know
that good character work is itself a kind of speculative fiction
The stories in Cotman’s collection are superb
full of riveting images and really compelling characters and relationships
genre is truly secondary: It’s a label we try to get on after the fact
Cotman uses what we could call science fiction
and even his more thoroughly realistic entries are absolutely fantastic
One of the hardest-to-summarize novels I read this year is also one that I find myself returning to: Scott Guild’s Plastic
with a flexible and transmedial understanding of reality
there’s more than a whiff of cyberpunk’s madcap energy here
Plastic is intensely if ambiguously melancholic
strung out on real-world crises and spinning them into strange elaborate dreams
and Guild’s experimentation with framing and language match up perfectly with – whatever the whole thing is doing
Plastic had me thinking about those books that just aren’t like any others
but the ones that stand alone; the ones that are hard to place in a tradition
It’s the kind of book that you hope ambushes you when browsing a used bookstore
the kind of book that you carry in your mind your whole life
and with all the books on my list this year
He’s presented his academic work on science fiction with the SFRA
publishes regular reviews with the Chicago Review of Books
and is the publishing editor for the Ancillary Review of Books
Originally from the Pennsylvania Appalachians
This review and more like it in the February 2025 issue of Locus
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please take a moment to support Locus with a one-time or recurring donation
We rely on reader donations to keep the magazine and site going
and would like to keep the site paywall free
but WE NEED YOUR FINANCIAL SUPPORT to continue quality coverage of the science fiction and fantasy field
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Even a small contribution goes a long way toward keeping Locus going and keeping you up to date with new exciting books and in the know about the SFF world
After state regulators rejected Casella Waste Systems’ crucial permit to build a landfill in New Hampshire’s North Country
the Vermont-based company is now taking legal action against the state
Casella Waste Systems filed a lawsuit against the New Hampshire Department of Environmental Services
arguing that the state’s denial of its solid waste permit application was incorrect
the state wrote that the primary reason was that Casella didn’t submit all the necessary documents in time
despite getting earlier feedback that their submission was incomplete
But in the lawsuit filed at the Merrimack Superior Court
Casella’s lawyers argue that “dormancy” isn’t a valid reason to deny the application
The company is also challenging the legal foundation of that decision
claiming the rules the environmental agency used to deny the permit overstep its authority
Casella had proposed the Granite State Landfill (GSL) in Dalton
submitting its initial application in October 2023
the company has submitted ten supplemental documents
“In no way could GSL’s application be considered ‘dormant’ within the ordinary meaning of that word,” wrote the waste management company’s attorneys
This permit is one of the many permit applications the company has submitted
the project cannot move forward without a solid waste permit
vice president and director of the Conservation Law Foundation in New Hampshire
stated that regardless of whether the Department of Environmental Services considers the application
"the bottom line is that this landfill is not needed in New Hampshire.”
Casella has also filed an appeal with the state’s Waste Management Council
representing Sanborn Head and Associates Inc.
an engineering firm providing technical expertise for Casella’s proposed landfill in Dalton
Another reason the state rejected the permit was that the site report
which includes important details like soil suitability and surface an d groundwater elevation
wasn’t updated to meet the new solid waste rules that took effect on Dec 21
an application is considered dormant if the applicant doesn’t submit the requested information within a year of being notified that their application is incomplete by the department
But Casella’s lawyers argue that they didn’t have a full year to update the application to meet the new rules — they only had two months
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comes with a collection fleet and a recycling facility
The company exited a joint venture arrangement to service Boston’s curbside organics program
This deal is the latest industry example of consolidation in Massachusetts
Save That Stuff was founded in 1990 by President Erik Levy
who operated out of a 1971 Volkswagen Double Cab
The company’s growth coincided with the implementation of disposal bans on certain key recyclables by the state’s Department of Environmental Protection and it gained a reputation for tackling a range of different material streams
While the VW continues to appear at special events, the company’s operations have scaled to include a fleet of heavy-duty trucks providing service around the Greater Boston area. Its small recycling facility is located in Boston’s Charlestown neighborhood. Casella also has a large MRF in a different part of Charlestown
Casella confirmed that Levy and his team have joined the company as part of the transaction
“The organization aligns well with our core competencies
and more importantly the culture Erik has built over the past 35 years aligns with our core values,” said Jeff Weld
Casella’s vice president of communications
“This acquisition will help provide more efficient service to existing hauling customers for both organizations
while also helping to drive additional circularity for our customers and complementing our recycling and materials management efforts throughout the greater Boston market.”
Levy has also been developing a composting site in Brockton
A WM spokesperson confirmed that their organics preprocessing facility will continue to operate under a lease agreement with Casella
This facility accepts material from a range of service providers for conversion into a slurry that is then trucked to a regional codigestion facility
Save That Stuff was among the earlier providers of organics collection service in the region and it helped Boston launch a program in 2022 through a joint venture with Garbage to Garden
Save That Stuff managed collection and fleet maintenance
while Garbage to Garden handled most other functions such as customer service
A spokesperson for Boston’s Public Works Department confirmed that Garbage to Garden acquired Save That Stuff’s share of the joint venture
The program now services an estimated 25,000 households through subscription agreements
also confirmed the shift and outlined plans to scale further
“[O]ur overall goal is to take Boston's program to the next level by doubling the participation and tripling the tonnage collected
We look forward to being free to devote more resources to outreach
advertising and education with a street team launching this spring,” wrote Schmidt via email
noted a busy 2024 for acquisitions and infrastructure investments led to $1.2 billion in revenue
employee training and tech investments for 2025
climate policy and PFAS regulation are evolving
Here’s how each could affect the industry in 2025
Deal advisors and analysts weigh in on how regulatory changes and private equity investment could play out in the sector
2025 (GLOBE NEWSWIRE) -- Building on three decades of collaboration
and resource management services company and the University of Vermont (UVM)
announced that they are partnering to launch the Casella Center for Circular Economy and Sustainability at UVM
Casella has committed $1.5 million to launch the Center
which will bring together leading scientists
and materials management experts to serve as an industry-first interdisciplinary hub for research
and lectures on sustainable waste and materials management
This is the first research center that Casella has launched
“We are deeply grateful to Casella for their investment,” UVM Interim President Patricia Prelock said
“The Casella Center for Circular Economy and Sustainability at UVM will be an international leader in research solutions for sustainable waste and materials management
This exciting new partnership pairs our world-class researchers and environmental leadership with Casella’s industry expertise to create urgently needed practical solutions for people and planet.”
Established in Rutland as a single-truck waste collection enterprise in 1975
Casella began operating Vermont's first recycling facility just two years later
It has grown to become one of the nation's leading recyclers
As the only waste and recycling company among the founding members of the EPA Climate Leaders program
Casella’s climate leadership has been recognized by the EPA
the Association of Climate Change Officers
the Center for Climate and Energy Solutions
and the Climate Registry with a Climate Leadership Award for Excellence in Greenhouse Gas management
investing in the state’s leading research university is a critical step in helping shape the future of resource and materials management
“Sustainable materials management has been the foundation of our business for 50 years,” said John W
“We’ve made incredible progress toward a circular economy and recognize that there is always more we can accomplish as we continue along our sustainability journey while enabling our customers to achieve their own sustainability goals
Investing in research that results in economically and environmentally sustainable solutions to some of modern society's most pressing issues is critical to our future
We're thrilled to continue that journey with UVM and to combine our five decades of industry expertise with their academic excellence to help find those solutions.”
an environmental scientist and engineer who has collaborated with Casella since 2016
will serve as the inaugural Director of the Center
which will be housed in the UVM Rubenstein School of Environment and Natural Resources
"This type of collaboration between industry and academia opens up a lot of potential," said Roy
we will be able to expand our circular economy research to find solutions that benefit the public and environment
We have an excellent working relationship with many partners at Casella
and I am excited to further our work with other industry partners
and industry leaders are now focused on transitioning to a more circular economy where materials are recycled to reduce pollution and create further value
this transition presents several challenges that require innovative solutions
The Center will seek to find viable ways to solve those challenges by drawing on expertise from UVM faculty
Early faculty affiliates include Matt Scarborough
and Mandar Dewoolkar in the College of Engineering and Mathematical Sciences
and Joshua Faulkner in the College of Agriculture and Life Sciences
is one of the largest recyclers and most experienced fully integrated resource management companies in the Eastern United States
Founded in 1975 as a single truck collection service
Casella has grown its operations to provide solid waste collection and disposal
and organics services to more than one million residential
and industrial customers and provides professional resource management services to over 10,000 customer locations in more than 40 states
Contacts: Basil Waugh, news@uvm.edu; Jeff Weld, jeff.weld@casella.com
CEO John Casella said the company “finished the year strong” by growing revenue by 20%
The company also recently upgraded a Connecticut MRF and is slowly ramping up volume at a Pennsylvania landfill
and resource management services industry—and the only company headquartered in Vermont—to be recognized among the nearly 500 organizations
Forbes partnered with market research firm Statista to survey more than 217,000 employees working at companies within the U.S
The organizations were stratified so that companies with 1,000 to 5,000 employees were deemed midsize
while companies with more than 5,000 employees were considered large employers
Survey respondents were asked if they would recommend their employer to others and to rate it based on a range of criteria
“We often say that our people are the biggest differentiator and competitive advantage as a sustainable enterprise,” said John W
“We have invested a great deal in our people over the years
and retention are passed on exponentially to the customers and communities we serve.”
which has trained more than 300 newly minted drivers since its inception
the first employee hired at Casella in 1976
embodied a steadfast commitment to safety and customer service
performing over one million successful service stops throughout his 41-year career
Casella continues to reinvest in its workforce companywide
expanding from its driver training program to include mechanics and technicians
and other vital personnel committed to service and safety
“Service is at the forefront of everything we do and has been since 1975,” said Casella
our employees will be satisfied and will work hard to be of service to our customers
which then leads to growth and financial success
and culture is vital for our sustainable future.”
For more information on a rewarding career at Casella, please visit: www.casella.com/careers
Jeff WeldVice President of Communications(802) 772-2234www.casella.com
Pennsylvania and Virginia had recent updates on permitting and other projects
Expansion plans at various landfills have hit snags in recent months
while one major landfill in New York will move forward with plans to close in 2028
Here’s a look at some of the most notable landfill news developments in recent weeks:
A Casella-operated landfill near Stanley, New York, will close by Dec. 31, 2028. The Ontario County Board of Supervisors voted for the closure on December 5
marking the end of Casella’s 25-year operations lease
The vote comes after the board of supervisors in September released a study meant to help map the landfill’s future
The study offered potential scenarios for expanding the existing landfill
building a waste-to-energy facility or closing the existing landfill outright
The county also held several community meetings to seek feedback
The 389-acre landfill opened in 1974. Casella assumed operations and management responsibility for the landfill in 2003, according to county documents.
During the Dec. 5 vote
supervisors weighed the environmental and health impacts of the closure on its community
with several members calling for a detailed plan about alternative waste management plans
including waste reduction and recycling options
Casella is expected to follow detailed closure and post-closure monitoring and maintenance plans laid out in its contract
Supervisor David Phillips said during the meeting
Others voiced concerns about where trash would be trucked after the closure. In a filing after the vote, Casella said it plans to “make alternative arrangements” at its other landfills in New York and Pennsylvania for the waste currently brought to the Ontario landfill. The landfill takes in about 918,000 tons a year
Casella said it doesn’t expect the closure will have a material financial impact on the company
since it has amortized costs based on the assumption the landfill would eventually close
A Tennessee appellate court judge heard oral arguments in a case between a Republic Services subsidiary and the Central Tennessee Regional Solid Waste Planning Board
At issue is the proposed expansion of Republic’s Middle Point Landfill
The company applied for an expansion of the landfill in 2021
Republic originally sought a 100-acre expansion, which currently encompasses 808 acres. On average, it takes in 3,700 tons of waste daily, according to a webpage run by the company. The landfill is projected to reach capacity in 2028, the Nashville Banner reported
In its initial expansion application
Republic said that the proposed expansion was in line with the regional solid waste plan developed by multiple counties in the area
It noted the board previously approved an expansion in 2004
The proposed expansion would have added 32 million tons of capacity
Republic projected that the facility's throughput would be 4,500 tons per day
County officials said the closed landfill was an ideal site for the project in order to preserve farmland. The array’s 9,600 solar modules were built on 34 acres and will provide electricity for some of the county’s facilities. Ameresco has partnered previously with other landfill operators on renewable energy projects, namely RNG projects
The Los Angeles County fires destroyed thousands of properties
including a National Recycling Coalition member
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announced today that the company’s management will be participating at the following investor conferences:
A copy of the presentation material will be available before the Company presents and may be accessed in the “Events & Presentations” section of the company’s investor website at http://ir.casella.com
a live webcast link will be posted on the company’s investor website
For further information, contact Jason Mead, Senior Vice President of Finance & Treasurer at (802) 772-2293, or visit the company’s website at http://www.casella.com
recycling and resource management services company
today announced that it has priced the previously announced offering of up to $25.0 million aggregate principal amount of Vermont Economic Development Authority (the “Issuer”) Solid Waste Disposal Revenue Bonds (Casella Waste Systems
Project) Series 2022A-2 (the “Bonds”) to be issued under an indenture between the Issuer and the bond trustee
The Bonds represent the drawdown (which would no longer be available to the Company if not occurring by June 1
2025) of the remainder of the Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds (Casella Waste Systems
During the initial fixed interest rate period ending on May 31
the interest rate on the Bonds will be 4.375% per annum
and the Bonds will be guaranteed under a guaranty (the “Guaranty”) by substantially all of Casella’s subsidiaries (the “Guarantors”)
as required by the terms of the Loan Agreement
between the Issuer and Casella (the “Loan Agreement”)
pursuant to which the Issuer will loan the proceeds of the Bonds to Casella
The offering of the Bonds is expected to close on or about March 11
Casella intends to use the proceeds of the Bonds to finance and/or reimburse certain costs of qualifying capital projects in the State of Vermont and to pay certain costs of issuance of the Bonds
There can be no assurance that all approvals with respect to the Bonds will be received
that all other conditions to the offering of the Bonds will be satisfied or that the offering will be completed
The Bonds will not be a general obligation of the Issuer and will not constitute indebtedness of or a charge against the general credit of the Issuer
The Bonds will not be a debt of the State of Vermont or any political subdivision of the State of Vermont
and will be payable solely from any remarketing proceeds and from amounts received from Casella under the terms of the Loan Agreement and from the Guarantors under the Guaranty
The Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933
The Bonds have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Bonds
nor shall there be any sale of the Bonds in any jurisdiction in which such offer
solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction
This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act
Certain matters discussed in this press release
the statements regarding the offering of the Bonds and Casella’s expectations regarding the use of proceeds of the Bonds
are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995
These forward-looking statements can generally be identified as such by the context of the statements
including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “will,” “would,” “intend,” “estimate,” “guidance” and other similar expressions
These forward-looking statements are based on current expectations
forecasts and projections about the industry and markets in which Casella operates and management’s beliefs and assumptions
Casella cannot guarantee that the offering of the Bonds will be completed
that the Bond proceeds will be available or applied as expected or that it actually will achieve the plans
expectations or guidance disclosed in the forward-looking statements made
Such forward-looking statements involve a number of risks and uncertainties
any one or more of which could cause actual results to differ materially from those described in Casella’s forward-looking statements
Such risks and uncertainties include or relate to
among other things: market conditions and Casella’s ability to consummate the closing of the offering of the Bonds on the anticipated terms
as well as additional risks and uncertainties detailed in Item 1A
“Risk Factors” in Casella’s Form 10-K for the fiscal year ended December 31
2024 and in other filings that Casella periodically makes with the Securities and Exchange Commission
There can be no assurance that Casella will be able to complete the closing of the offering of the Bonds on the anticipated terms
Casella undertakes no obligation to update publicly any forward-looking statements
Jason MeadSenior Vice President of Finance & Treasurer(802) 772-2293
Jeff WeldVice President of Communications(802) 772-2234
http://www.casella.com
family-owned waste hauler has been acquired by a national chain
Seyrek Disposal recently was purchased by Casella Waste Systems
Vermont-based company that operates in more than 40 states
Seyrek CEO John Seyrek declined to comment on the sale
including what Casella paid for Seyrek and whether Seyrek customers will see any operational changes
Casella spokesperson Jeff Weld issued the following statement:
“Seyrek Disposal is an outstanding company
and we’re pleased to have them joining the Casella team
The organization aligns well with our core competencies
and the culture of service that has been developed over the past two decades will be a natural fit into our organization
We look forward to onboarding the team and bringing additional services and support to our newly acquired customers.”
Seyrek began in 2002 as a driveway sealing and asphalt maintenance company and later expanded to offer trash and recycling collection
Seyrek is the hauler for Pittsford refuse districts
which were authorized beginning in 2019 and currently cover 36% of the town
Supervisor William Smith said a call from the Democrat and Chronicle was the first he had heard about Casella buying Seyrek
he said the move to form refuse districts in Pittsford was in response to issues customers were having with Casella
which continues to expand its footprint and according to its LinkedIn profile
and people were complaining about the quality of service,” Smith said
He said Seyrek is bound by its current contract with the town
goes for another two years and keeps the annual cost of household refuse pickup for participants at around $256 a year with a maximum 2% annual increase over each year
Seyrek has earned high marks online for customer service and competitive pricing
One of the more recent comments reads: “Not only are their prices better than anyone else
office staff & guys on the truck… top notch!!”
(This story was updated because an earlier version included an inaccuracy.)
Reporter Marcia Greenwood covers general assignments and has an interest in retail news. Send story tips to mgreenwo@rocheste.gannett.com. Follow her on X @MarciaGreenwood
today reported its financial results for the three and twelve-month periods ended December 31
The Company also provided guidance for the fiscal year ending December 31
reporting records yet again across our key financial metrics in 2024
Adjusted EBITDA and Adjusted Free Cash Flow,” said John W
“Our consistent execution against clear operating and growth strategies have yielded consistently strong results
I would like to recognize and thank our entire team for their efforts
and their commitment to our customers and our Core Values.”
“We acquired eight businesses in 2024 with over $200 million in annualized revenue
further strengthening our operating capabilities in our Mid-Atlantic markets and entering a strategically attractive adjacency in the Hudson Valley region of New York,” Casella said
“We have started the year strong on the growth front already in 2025
with three acquisitions and approximately $40 million in annualized revenues
filling in our service territory in Maryland and Pennsylvania and adding synergistic overlap in Eastern Massachusetts
these acquired operations have generally come in at initial Adjusted EBITDA margins at or below our consolidated average
but represent significant improvement opportunity going forward as we continue to integrate the businesses
and implement our operating initiatives and practices.”
we expanded Adjusted EBITDA margins in our collection business by over 100 basis points
driven by 6.5% price growth and continued focus on operating efficiency
and margins in our Resource Solutions segment by 270 basis points
with strong performance across that business
particularly at our Boston recycling facility” said Casella
“This performance was partially offset by weakness in C&D and special waste volumes at our landfills
as we held the line on price in the face of market softness
however we anticipate a return to growth in landfill volumes in 2025 as transitory market pressures subside.”
“In 2025 we will celebrate the fiftieth anniversary of Casella
which began in 1975 with one truck in Rutland
and has now grown to over 5,000 employees with operations in 10 states,” Casella said
“This milestone represents an opportunity to reflect on all that our team has accomplished
and also to look forward with excitement to the tremendous growth opportunities that lie ahead.”
Revenues were $427.5 million for the quarter
with revenue growth mainly driven by: newly closed acquisitions along with the rollover impact from acquisitions closed in prior periods; collection and disposal price growth; and higher recycling commodity volumes and prices
Operating income was $18.5 million for the quarter
driven by stronger operating results and a favorable year-over-year comparison to a charge related to a landfill capping veneer failure in the same period in 2023; partially offset by higher amortization expense related to acquisition growth
Net income was $4.9 million for the quarter
up $6.7 million and $0.11 per diluted common share
or $0.41 Adjusted Diluted Earnings Per Common Share
up $8.7 million and $0.12 Adjusted Diluted Earnings Per Common Share
Adjusted EBITDA was $95.0 million for the quarter
driven by acquisition contribution and organic growth
Please refer to "Non-GAAP Performance Measures" included in "Unaudited Reconciliation of Certain Non-GAAP Measures" below for additional information and reconciliations of Adjusted Net Income
Adjusted Diluted Earnings Per Common Share
Adjusted EBITDA and other non-GAAP performance measures to their most directly comparable GAAP measures
Revenues were $1.557 billion for fiscal year 2024
Operating income was $72.8 million for fiscal year 2024
as a result of an $8.4 million charge in connection with the closure of the landfill located in Southbridge
Massachusetts (the “Southbridge Landfill”); higher expense from acquisition activities; and higher depreciation and amortization expense related to recently closed acquisitions
Net income was $13.5 million for fiscal year 2024
down $(11.9) million and $(0.23) per diluted common share
driven by lower operating income and higher interest expense
or $1.35 Adjusted Diluted Earnings Per Common Share
up $6.5 million and $0.01 Adjusted Diluted Earnings Per Common Share
Adjusted EBITDA was $360.6 million for fiscal year 2024
Net cash provided by operating activities was $281.4 million for fiscal year 2024
Adjusted Free Cash Flow was $158.3 million for fiscal year 2024
Please refer to "Non-GAAP Liquidity Measures" included in "Unaudited Reconciliation of Certain Non-GAAP Measures" below for additional information and reconciliation of Adjusted Free Cash Flow to its most directly comparable GAAP measure
The Company provided guidance for fiscal year 2025 by estimating results in the following ranges:
The guidance ranges do not include the impact of any acquisitions that have not been completed
Adjusted EBITDA and Adjusted Free Cash Flow related to fiscal year 2025 are described in the Unaudited Reconciliation of Fiscal Year 2025 Outlook Non-GAAP Measures section of this press release
Net income and Net cash provided by operating activities are provided as the most directly comparable GAAP measures to Adjusted EBITDA and Adjusted Free Cash Flow
however these forward-looking estimates for fiscal year 2025 do not contemplate any unanticipated impacts
the website linked above provides an option for the conference provider to call the registrant's phone line
participants should visit the company’s website at http://ir.casella.com and follow the appropriate link to the webcast
A replay of the call will be available on the Company's website and accessible using the same link
provides resource management expertise and services to residential
primarily in the areas of solid waste collection and disposal
recycling and organics services in the eastern United States
investors may visit the Company’s website at http://www.casella.com
beliefs or current expectations concerning
our financial performance; financial condition; operations and services; prospects; growth; strategies; anticipated impacts from future or completed acquisitions; and guidance for fiscal year 2025
including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” "will," “guidance” and other similar expressions
forecasts and projections about the industry and markets in which the Company operates and management’s beliefs and assumptions
The Company cannot guarantee that it actually will achieve the financial results
and all phases of the Company's operations
involve a number of risks and uncertainties
any one or more of which could cause actual results to differ materially from those described in its forward-looking statements
the following: the Company may be unable to adequately increase prices or drive operating efficiencies to adequately offset increased costs and inflationary pressures
including increased fuel prices and wages; it is difficult to determine the timing or future impact of a sustained economic slowdown that could negatively affect our operations and financial results; the increasing focus on per - and polyfluoroalkyl substances (“PFAS”) and other emerging contaminants
including the recent designation by the U.S
Environmental Protection Agency of two PFAS chemicals as hazardous substances under the Comprehensive Environmental Response
including due to the failure to satisfy all closing conditions and to receive required regulatory approvals that may prevent closing of any announced transaction; the Company may not be able to successfully integrate and recognize the expected financial benefits from acquired businesses; and the Company may incur environmental charges or asset impairments in the future
There are a number of other important risks and uncertainties that could cause the Company's actual results to differ materially from those indicated by such forward-looking statements
These additional risks and uncertainties include
“Risk Factors” in the Company's most recently filed Form 10-K
“Risk Factors” in the Company’s most recently filed Form 10-Q and in other filings that the Company may make with the Securities and Exchange Commission in the future
The Company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information
Jeff WeldVice President of Communications(802) 772-2234http://www.casella.com
AND SUBSIDIARIESUNAUDITED RECONCILIATION OF CERTAIN NON-GAAP MEASURES(In thousands)
In addition to disclosing financial results prepared in accordance with generally accepted accounting principles in the United States ("GAAP")
the Company also presents non-GAAP performance measures such as Adjusted EBITDA
Adjusted EBITDA as a percentage of revenues
Adjusted Net Income and Adjusted Diluted Earnings Per Common Share that provide an understanding of operational performance because it considers them important supplemental measures of the Company's performance that are frequently used by securities analysts
investors and other interested parties in the evaluation of the Company's results
The Company also believes that identifying the impact of certain items as adjustments provides more transparency and comparability across periods
Management uses these non-GAAP performance measures to further understand its “core operating performance” and believes its “core operating performance” is helpful in understanding its ongoing performance in the ordinary course of operations
The Company believes that providing such non-GAAP performance measures to investors
in addition to corresponding income statement measures
affords investors the benefit of viewing the Company’s performance using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and its results of operations has performed
The tables below set forth such performance measures on an adjusted basis to exclude such items:
(i) Amortization of intangibles is the add-back of non-cash amortization of acquired intangibles such as covenants not-to-compete
(ii) Expense from acquisition activities is comprised primarily of legal
rebranding and other costs associated with the due diligence
acquisition and integration of acquired businesses
2024 included a charge for an increase in the reserve against accounts receivable of the businesses acquired in the acquisition of four wholly owned subsidiaries of GFL Environmental Inc.
as a result of our inability to pursue collections during the transition services period with the seller
resulting in accounts receivable aged beyond what is typical in our business
(iii) Southbridge Landfill closure (recovery) charge are expenses related to the unplanned early closure of the Southbridge Landfill along with associated legal activities
premature closure of the Southbridge Landfill in the fiscal year ended December 31
2017 due to the significant capital investment required to obtain expansion permits and for future development coupled with an uncertain regulatory environment
The unplanned closure of the Southbridge Landfill reduced the economic useful life of the assets from prior estimates by approximately ten years
the Company received the final closure permit related to Southbridge Landfill
which set out permit conditions including environmental monitoring
post-closure monitoring and other post-closure requirements
The Company recorded a non-cash charge of $8.4 million in fiscal year 2024 to revise the accrued post-closure liability for the Southbridge Landfill based on the conditions in the closure permit
(iv) Landfill capping (recovery) charge - veneer failure in the periods ending December 31
2023 consists of both (i) the write-off of historical payments associated with capping work that has been deemed no longer viable due to a veneer failure and (ii) the related operating expenses incurred to clean up the affected capping material at the Company's landfill in Seneca
we recorded a recovery consisting of both (i) a partial reversal of historical payments written off after an engineering evaluation determined that a portion of the area affected by the veneer failure was deemed to still be viable as well as (ii) a recovery of operating expenses incurred during the clean up of the affected capping material as part of a settlement with a third-party
(v) Debt modification expense associated with agent fees and other third party costs we paid during the refinancing of our second amended and restated credit agreement
(vi) Loss from termination of bridge financing is related to the write-off of the remaining unamortized debt issuance costs associated with the extinguishment of bridge financing agreements associated with acquisitions
(vii) Legal settlement is related to reaching an agreement in June 2023 with the collective class members of a class action lawsuit relating to certain Fair Labor Standards Act of 1938 ("FLSA") claims as well as state wage and hours laws
(viii) Gain on resolution of acquisition related contingent consideration is associated with the reversal of a contingency for a transfer station permit expansion that is no longer deemed viable
(ix) Interest expense from acquisition activities is the amortization of debt issuance costs comprised of transaction
and other similar costs associated with bridge financing activities related to acquisitions
(x) Tax effect of the adjustments is an aggregate of the current and deferred tax impact of each adjustment
including the impact to the effective tax rate
The computation considers all relevant impacts of the adjustments
including available net operating loss carryforwards and the impact on the remaining valuation allowance
In addition to disclosing financial results prepared in accordance with GAAP
the Company also presents non-GAAP liquidity measures such as Adjusted Free Cash Flow that provide an understanding of the Company's liquidity because it considers them important supplemental measures of its liquidity that are frequently used by securities analysts
investors and other interested parties in the evaluation of the Company's cash flow generation from its core operations that are then available to be deployed for strategic acquisitions
and strengthening the Company’s balance sheet through paying down debt
The Company also believes that showing the impact of certain items as adjustments provides more transparency and comparability across periods
Management uses non-GAAP liquidity measures to understand the Company’s cash flow provided by operating activities after certain expenditures along with its consolidated net leverage and believes that these measures demonstrate the Company’s ability to execute on its strategic initiatives
The Company believes that providing such non-GAAP liquidity measures to investors
in addition to corresponding cash flow statement measures
affords investors the benefit of viewing the Company’s liquidity using the same financial metrics that the management team uses in making many key decisions and understanding how the core business and cash flow generation has performed
on an adjusted basis to exclude certain items
sets forth such liquidity measures:
(i) Southbridge Landfill closure are cash outlays associated with the unplanned
and expects to incur cash outlays through satisfaction of the closure requirements and the environmental remediation process
the Company received the final closure permit related to Southbridge Landfill and entered the post-closure period
(ii) Cash outlays for acquisition expenses are cash outlays for transaction and integration costs relating to specific acquisition transactions and include legal
rebranding and other costs as part of the Company’s strategic growth initiative
(iii) Acquisition capital expenditures are acquisition-related capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations
as part of the initial overall investment in an acquired business
(iv) McKean Landfill rail capital expenditures are long-term infrastructure capital expenditures related to rail side development at the Company's landfill in Mount Jewett
which is different from the landfill construction investments in the normal course of operations
(v) FLSA legal settlement payment is the cash outlay of a legal settlement related to reaching an agreement in June 2023 with the collective class members of a class action lawsuit relating to certain claims under the FLSA as well as state wage and hours laws
(vi) Landfill capping (recovery) charge - veneer failure payment is the cash outlay associated with operating expenses incurred to clean up the affected capping material at the Company's landfill in Seneca
New York that has been reimbursed to us by a third party
Non-GAAP financial measures are not in accordance with or an alternative for GAAP
and Adjusted Free Cash Flow should not be considered in isolation from or as a substitute for financial information presented in accordance with GAAP
and Adjusted Free Cash Flow presented by other companies
AND SUBSIDIARIESUNAUDITED RECONCILIATION OF FISCAL YEAR 2025 OUTLOOK NON-GAAP MEASURES(In thousands)
Following is a reconciliation of the Company's estimated Adjusted EBITDA(i) from estimated Net income for fiscal year 2025:
Following is a reconciliation of the Company's estimated Adjusted Free Cash Flow(i) from estimated Net cash provided by operating activities for fiscal year 2025:
(i) See footnotes for Non-GAAP Performance Measures and Non-GAAP Liquidity Measures included in the Unaudited Reconciliation of Certain Non-GAAP Measures for further disclosure over the nature of the various adjustments to estimated Adjusted EBITDA and estimated Adjusted Free Cash Flow
AND SUBSIDIARIESUNAUDITED SUPPLEMENTAL DATA TABLES(In thousands)
Amounts of total revenues attributable to services provided for the three and twelve months ended December 31
Components of consolidated revenue growth for the three months ended December 31
2024 compared to the three months ended December 31
Components of capital expenditures(i) for the three and twelve months ended December 31
(i) The Company's capital expenditures are broadly defined as pertaining to either growth or replacement activities
Growth capital expenditures are defined as costs related to development projects
and the integration of newly acquired operations
Growth capital expenditures include costs related to the following: 1) acquisition capital expenditures that are necessary to transition and upgrade acquired assets to Company operating standards and to achieve strategic synergies associated with integrating newly acquired operations
as part of the initial overall investment in an acquired business; 2) McKean Landfill rail capital expenditures
which is unique and different from landfill construction investments in the normal course of operations because the Company is investing in long-term infrastructure; and 3) development of landfill permit expansions
investment in infrastructure to increase throughput at transfer stations and recycling and other processing facilities
to support new contracts or other organic business growth
and other development projects in support of our growth strategies
Replacement capital expenditures are defined as landfill cell construction costs not related to expansion airspace
replacement costs for equipment and other capital expenditures due to age or obsolescence
and capital items not otherwise defined as growth capital expenditures
A company looking to build a new landfill on a controversial site in the North Country town of Dalton is suing state environmental officials
claiming a rule used to deny its permit application “violates the constitutional separation of powers by usurping legislative authority.”
filed a complaint Tuesday in Merrimack County Superior Court against the state Department of Environmental Services (DES)
Granite State Landfill (GSL) had filed an application with DES to open a proposed 70-acre lined landfill that would replace Casella’s North Country Environmental Services Landfill in Bethlehem
which is scheduled to stop accepting waste in 2028
Casella appealed the state Waste Management Council’s decision to reject a previous landfill permit request to the state Supreme Court
The site of the Dalton landfill would be less than half a mile from Forest Lake State Park
sparking attempts over the past three years to convince the Legislature to impose more restrictions on siting landfills in the state
The Legislature created a study group to examine the issue and make recommendations
DES ruled GSL’s application is considered “dormant,” and denied the request according to its rules
GSL argues state law specifies the grounds on which DES may deny an application
“Dormancy is not one of those grounds,” the complaint read
“GSL submitted its application in October of 2023 and has made ten substantial submissions to NHDES since then to supplement the application
the last of which was provided on February 27
Most of GSL’s submissions were in response to additional information sought by NHDES in letters finding the application ‘incomplete.’
“In no way could GSL’s application be considered ‘dormant’ within the ordinary meaning of that word,” the complaint argued
While GSL says it plans to appeal the decision to the New Hampshire Waste Management Council
it says because the administrative rule on which NHDES based its decision violates the constitutional separation of powers by “usurping legislative authority,” GSL is asking the court to declare the rule void
said the department “cannot comment about ongoing litigation.”
vice president of communications for Casella
said that if additional capacity is not permitted
“New Hampshire residents and businesses throughout the state will likely incur additional disposal costs due to increased transportation charges and decreased competition in the marketplace.”
that they chose to deny the permit application based on dormancy,” Weld wrote in an email
and work being conducted in support of the permit application supports our claim in the petition that there is no way for the application to be considered ‘dormant’ within any ordinary meaning of that word
We are confident that our petition for declaratory judgment will be successful
and the development of the Granite State Landfill will remain on track.”
Weld said the need for disposal capacity to serve more than 60,000 customers and nearly 200 New Hampshire towns once North Country Environmental ceases operations in Bethlehem “is made clear by NHDES” in its biennial report
The Dalton landfill proposal is facing renewed political opposition
saying the “greatest resource our state has besides its people is our beautiful landscape.”
“No other state boasts the natural beauty we do
and there is a lot that comes along with that
“There will be no landfill at Forest Lake in Dalton
We will not allow that beautiful area of our state to become a dumping ground for out-of-state trash
Asked about DES’s denial of the permit application
Ayotte said they “did their work and they denied the permit on the Dalton landfill that is in the court process and I expect that will be followed.”
I have confidence that they did their work properly but that will be defended by the Attorney General’s Office.”
In denying the permit application last week
DES officials said a permit application becomes dormant when the applicant fails to submit required information requested within a year of first being notified an application is incomplete — which came and went in February for GSL’s application
director of DES’s waste management division
wrote a dormant incomplete application is “deemed denied without further action by the department.”
GSL claims it “provided all the necessary information to complete the application by February 27
pfeely@unionleader.com
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2024 (GLOBE NEWSWIRE) -- Casella Waste Systems
dedicated its CDL Training Center to Ken Hier
in a ceremony held at the facility on December 12
CDL Training Center (“The Center”) has graduated nearly 300 drivers since its inception
providing the necessary training for people to achieve their commercial driver’s license free of charge
A standing-room-only crowd of friends and family
and vocational school partners were on hand to honor Hier
the first employee hired at Casella in 1976
Known by many as “The Man on the Mountain” from his long-running television commercial that highlighted his commitment to customers through all conditions on Killington Mountain
Hier was named the National Waste and Recycling Association's Driver of the Year in 1996
and in 2017 Casella dubbed him its Driver of a Lifetime.“The reality of our business is pretty simple
in that the only way that you succeed is through your people,” said Casella Chairman and CEO John W
“No one illustrated that more clearly than Ken Hier
His commitment to service and safety was at the forefront of everything he did
and his example will continue to be a cornerstone for every graduate who comes through this training center.”
Vermont’s Agency of Commerce and Community Development Secretary Lindsay Kurrle underscored the need for newly trained drivers
who cited shifting demographic challenges and applauded Casella’s efforts to overcome them and sustain economic resilience
“It’s truly inspiring to have a major employer be a part of the solution by opening this facility to get more truck drivers on the road and more mechanics in the garage
has a nearly 100 percent pass rate for its graduates
and requires a two-year employment commitment
who in turn commit to our company,” Casella said
“We have seen over the last four years that drivers who successfully come through the program have an incredibly high retention rate past that initial commitment.”
Hier’s family was also on hand to celebrate the dedication
encouraged recent graduates and current students in attendance to follow in the path set by her father and “offer your skills and your performance to build on the mission of customer service
“Our continued growth and success are predicated on the investments we make in our people,” Casella said in closing
but our people and their commitment to our Core Values and culture are the keys to our success."
and organics services in the eastern United States
Jeff WeldVice President of Communications(802) 772-2234www.casella.com
Photos accompanying this announcement are available at
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State regulators denied Casella Waste Systems’ proposed landfill in New Hampshire’s North Country its main permit at the site
complicating the company’s efforts to move forward with the lucrative project
the New Hampshire Department of Environmental Services sent a letter to the Vermont-based waste management company
denying its solid waste permit for a new landfill in Dalton
The decision comes after Casella Waste Systems failed to submit the necessary information required to complete the application within the designated timeline
despite earlier feedback from the department that its submission was incomplete
Casella is one of the importers of trash into New Hampshire
which helped the company reach $7 billion in net worth
an attorney representing the North Country Alliance for Balanced Change
said the decision was a win for the environment
“This was the wrong place for a brand new landfill,” said Manzelli
“This is a beautiful area of New Hampshire up north
where public outdoor recreation is a huge part of the economy.”
While Casella Waste Systems’ other permit applications for the landfill project are still active
it can’t move forward with construction without the solid waste permit
With proposals in Governor Kelly Ayotte’s budget calling for a three-year landfill moratorium
even if Casella Waste Systems submits a new application
it will be difficult for the company to move forward with a new landfill in New Hampshire anytime soon
Sruthi Gopalakrishnan can be reached at sgopalakrishnan@cmonitor.com. Subscribe to her Trash Talk newsletter for more reporting on the environment and solid waste
Carolyn Choate had heard about Casella Waste Systems’ plan to build a landfill near Forest Lake in Dalton and the local community’s efforts to stop it
she kept wondering: How could a company that touts sustainability on its website be pushing for a landfill next to a freshwater lake in the North Country
Choate drove north to get a sense of the place and to understand what the community was fighting for
At a hearing Tuesday on a resolution urging the New Hampshire Department of Environmental Services to deny any permits for the project
Choate made it clear — this isn’t just a North Country issue
many people in southern New Hampshire feel as though it’s happening in their own backyard and they don’t want it
“I seriously hope we don’t let the financial interests of private industry outweigh what this small community wants and needs — because in the end
who studies how environmental factors like diet
has researched the link between forever chemicals and cancer
While not actively fighting alongside the Dalton community against the proposed landfill
warning that it could contaminate nearby water sources with harmful chemicals
Since Casella Waste Systems proposed a landfill near Forest Lake in 2018
it has stirred strong opposition from both environmental advocates and local residents
Their main concern is the risk to the lake’s water quality — if a leak were to happen
is particularly worrisome because leachate
posing a serious threat to the environment
Rep. Jared Sullivan, a Democrat from Bethlehem and Franconia, believes that while a resolution may not have the same impact as a bill
it can still make a powerful statement if the New Hampshire House passes it
“I think it sends a strong message that this is something that is not a good idea to have … next to a lake.” said Sullivan
“This would just get a little bit more news coverage and we all know a lot of our constituents are living in bubbles
They’re not always paying attention to issues that are not in their backyards.”
If this legislation passes both the House and Senate
it will not prevent DES from permitting Casella’s proposed landfill but will instead serve as a statement from the General Court opposing the landfill in Dalton
The House Environment and Agriculture Committee also heard testimony on House Bill 171, a bipartisan measure proposing a moratorium on new landfill permits until stronger rules and policies are established to safeguard both the environment and public health
argued that the DES rules approved in December fall short of what’s needed
He said the issue can no longer be tackled through rulemaking alone
and it’s now time for the “legislature to address these concerns through policy.”
the House passed a bill for a landfill moratorium
the waste management division director at DES
said the department isn’t taking a stance on the bill either way
Opponents of the moratorium usually point out that New Hampshire could run into a landfill capacity shortage if it were put in place
according to the state’s 2022 solid waste plan
nearly half of the waste in New Hampshire’s landfills actually comes from out of state
A bill last year to reduce out-of-state trash imports didn’t make it through
with some arguing it would interfere with the Interstate Commerce Clause
But states like Maine and Vermont have found ways to work around it
president of the North Country Alliance for Balanced Change
believes that to meet the state’s waste reduction goals
New Hampshire needs to focus not only on cutting food waste and expanding composting facilities but also on reducing the amount of out-of-state trash
“The absolute elephant in the room in any of these conversations is out-of-state waste
It dwarfs anything else we do,” Morrison said in support of the bill
Let’s not be the whipping boy for Massachusetts any longer.”
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The company reported over $400 million in revenue for the quarter
But unexpected insurance and landfill closure payments
A copy of the presentation material will be available before the Company presents and may be accessed in the “Events & Presentations” section of the company’s investor website at http://ir.casella.com
For further information, contact Charlie Wohlhuter, Director of Investor Relations at (802) 772-2230, or visit the company’s website at http://www.casella.com
The West Passage, Jared Pechaček (Tordotcom 978-1-25088-483-1, 384pp, $28.99, hc) July 2024
with absolutely no idea what I was getting into beyond a cool cover
Pechaček’s been a delightful person to follow on various social media for some time now – sharing illustrations and fashion commentary
and one of the hosts of the lovely Tolkeinalia podcast By-the-Bywater – and so seeing his name on a fantasy novel immediately caught my eye
do not miss this: The West Passage is one of the most original and enjoyable fantasies I’ve encountered in ages
Set in a city-sized palace complex dominated by color-coded towers and their titanic rulers
The West Passage follows two young and comparatively diminutive characters: Pell
one of the ‘‘women in grey’’ who tend to births and deaths
the apprentice to ‘‘the guardian,’’ trained in vigilance against a world-destroying Beast that slumbers below
The novel opens with the guardian passing away
and Pell soon being promoted and renamed as Yarrow
As unseasonal climate and a rumbling Beast threaten their world
Yarrow and Kew set off on separate journeys through the palace
encountering strange allies and monstrous forces along the way
The world of this book is an astonishing delight; each section is new and surprising
but there’s a depth and a completeness to surroundings that is spellbinding
elsewhere echoing with ancient secrets and magic: It’s a perpetually engaging romp
Peake’s Gormenghast is an obvious point of comparison
with its own set of lively details; the living creatures and characters throughout often seem to have sprung right out of a Bosch painting – if you’re familiar with Olivia M
Many characters have animal features; there are odd and fantastic amalgams (a ‘‘little fish-drawn cart’’ is my personal favorite) and strange magics and technologies; there’s a wonderful and surprisingly poignant section towards the end of the story where a number of giant frogs recite poetry
Pechaček communicates issues of identity and gender with some subtle and effective stylistic play
and his illustrations appear every few pages
they give the text the feeling of one of the illustrated manuscripts that occur within the story
I don’t want to give the sense that this is a frivolous book
(Think of the deadly seriousness that accompanies the playfulness in Lewis Carroll’s work
and you’ll have an idea how this works.) The Ladies that rule over this land are inhumanly large
multilimbed: there’s a bit of an echo of the Diamonds from Rebecca Sugar’s Steven Universe in the Ladies
leaning heavily into the ‘‘war crimes and body horror’’ angle
For a novel that in some regards is undeniably cute
there’s a surprising amount of cannibalism and gore; while it doesn’t wear its thesis on its sleeve
the novel is definitely thinking about the monstrosity of power
The West Passage is also quite brilliant structurally
Yarrow and Kew’s journeys are compellingly plotted and unpredictable
bringing them into encounters with other characters throughout the palace in a way that organically fills out the world and its history
we get brief asides from elsewhere in the palace
excerpts from other texts and other stories
this gives the novel a kind of organic completeness: It feels like something that should be read to someone
there’s nonetheless an understated lyrical quality to the writing here
with striking imagery and well-turned phrases
It doesn’t particularly feel like a novel for children
all-ages feeling to the story: a serious dream
Something that I’m increasingly coming to treasure in speculative fiction is a sense of reality to the people of the larger world
a sense that characters beyond the central cast are substantial
It’s a tricky thing to pull off without losing narrative focus
it gives a kind of moral heft to the world
a sense that the plot matters beyond the conventions of storytelling
Yarrow and Kew and their companions are extremely well-done
but part of what makes the novel shine for me is how Pechaček animates even incidental characters and creatures
Human even at its most fantastically inhuman
and with an ending that blends gigantic epic confrontation with quiet moments of perspective
The West Passage is a thoughtful and wildly inventive fantasy that deserves to be on all our reading lists
Jake Casella Brookins is from the Pennsylvania Appalachians
and spent a fantastic amount of time in the woods
before switching over to philosophy & literature
He’s been a specialty coffee professional since 2006
He worked in Upstate New York and Ontario for about 8 years
He’s been in Chicago since 2013; prior to the pandemic
he worked for Intelligentsia Coffee in the Loop
he’s been selling books at a local indie bookstore
This review and more like it in the July 2024 issue of Locus.
I spent the next nine months or so anxiously awaiting the appearance of two magazines
And Locus because my appearance wasn’t fully realized until they said so
Locus is the voice and conscience of our genre.”
and resource management services company (the “Company”)
announced that it has entered into a definitive agreement to acquire Royal Carting and Welsh Sanitation (collectively
The acquisition is expected to close in the fourth quarter
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
Emil Panichi and his family have built and operated a premier business with a focus on excellent customer service
We are dedicated to upholding this strong legacy while also introducing additional capabilities to support customer service needs.”
“I want to thank our many customers for their loyalty and our employees for their service
We picked Casella as the best company to continue our 70-year tradition of environmentally responsible service to families and businesses in our community
and we expect Casella will provide them with new opportunities for advancement.”
“In addition to Royal’s long-standing relationships
we believe that Royal’s footprint presents a great organic growth opportunity for Casella,” Casella said
“We are thrilled to welcome the hardworking employees of Royal to our team and look forward to continuing their track record of outstanding customer service and operational excellence.”
Charlie WohlhuterDirector of Investor Relations(802) 772-2230
Jeff WeldVice President of Communications(802) 772-2234www.casella.com
the timing of the closing of the acquisition
projections as to the anticipated benefits of the acquisition and the anticipated impact of the acquisition on the Company’s business and future financial and operating results
including words such as “believe,” “expect,” “anticipate,” “plan,” “may,” “would,” “intend,” “estimate,” “will,” “guidance” and other similar expressions
forecasts and projections about the acquisition
the timing of required regulatory approvals and the industry and markets in which the Company operates and management’s beliefs and assumptions
the following: an inability to fully recognize the expected strategic and financial benefits from the acquisition due to the timing of the closing
an inability to recognize operational cost savings or landfill internationalization benefits
economic or other factors outside its control which may impact revenue and costs
“Risk Factors” in the Company’s most recently filed Form 10-Q and in other filings that the Company may make with the Securities and Exchange Commission in the future
A truck with a mechanical arm empties recycling toters in October as part of a new automated trash and recycling collection system
Casella Waste Management has pledged to take steps to improve lingering problems with the system
Pittsfield officials are pushing Casella Waste Systems to address ongoing trash collection issues
incomplete route checks and a lack of problem-tracking
Those are the main reasons for missed trash collection routes in some city neighborhoods
according to Public Services and Utilities Commissioner Ricardo Morales
During the City Council meeting Tuesday night
Morales also noted that the increase in backyard pickups
has put a strain on operations by Casella Waste Management.
and they need to manage that,” Morales said
but it's putting a strain on Casella’s way of doing things
Morales was addressing concerns with the city's new trash collection system
which rolled out last September to replace the decades-old system of limitless curbside disposal using cans and bags with 48-gallon trash and recycling “toters.”
During last month's City Counil meeting, Morales shared promising results
indicating that recycling rates have jumped from 9 percent to 18 percent of waste collected
while trash rates dropped from 91 percent to 82 percent
But there were lingering concerns about the program
James Conant and Dina Lampiasi submitted a petition asking Morales and Casella to submit a report to explain why certain routes are frequently missed
and develop a plan to prevent future problems
Several streets have been repeatedly missed
with trash collection delayed by more than 24 hours — which Kavey noted violates Casella’s contract with the city
“People are starting to lose faith in our trash system because we've had like three or four months of continuous interruptions,” Kavey said
“I don't want to get out of work on Friday and have to drive around my work to check and see if they picked up the trash."
Morales addressed a recent incident from last Friday when a snowstorm delayed some route pickups
He noted that a street in Ward 5 was missed after Casella reported it was too icy for trucks to access
“One thing that we have already spoken with them is that they need to get their equipment
to be able to drive in harsher weather,” Morales said
In an effort to reduce the number of missed routes
Casella has appointed a full-time dispatcher to manage just the Pittsfield contract
This dispatcher is responsible for monitoring routes throughout the day and reporting any service interruptions to the public service and utilities office
Morales said that when trash collectors change routes or assist other drivers
they may not be verifying that trash was collected from all the streets within the route.
Casella representatives said they have implemented several operational changes
writing in a letter to the council that they have spoken with all the drivers about communicating better with each other to bridge this gap in coordination
the company said that it has increased route audits with in-cab ride-alongs and supervisor follow-ups to ensure drivers stick to their assigned routes
Another issue Kavey raised was backyard collections being missed
Casella noted its drivers are now required to notify dispatch if a scheduled backyard pickup location does not have trash out
drivers will leave a green sticker that says “Oops” on the resident’s toter to notify them about the issue
Kavey also emphasized the need for better communication between Casella
residents and city officials to ensure the company is meeting the terms of its contract
Morales said his office will continue working with Casella to monitor the effectiveness of these changes
Lampiasi stressed that these issues must be addressed by the spring or summer for sanitary concerns
“If it's July and we have people's trash being missed on Friday and it's 100 degrees out
especially people are still having trouble figuring out how to live with the toters,” she said
Maryjane Williams can be reached at mwilliams@berkshireeagle.com or 413-496-6139
When we endorsed Pittsfield’s move to a toter system for waste removal
we did so in the hopes that it would spare a bit of pain for taxpayers…
Pittsfield's new trash and recycling toter system has boosted recycling by nearly 36 percent and reduced trash collection by 24 percent
saving the city an estimated $367,254 annually
logistical challenges and mixed community feedback show the need for continued improvements and communication
With the new trash and recycling system underway
the city announces two options for residents to dispose of old trash and recycling containers that are no longer needed
Mayor Peter Marchetti's administration has learned a thing or two from attempting to deliver thousands of recycling and trash containers to residents
Pittsfield’s City Council has approved MassDevelopment financing for Petricca Industries’ expansion at its Unistress facility
which will add 50 new jobs and increase production capacity to meet growing demand
The Pittsfield City Council voted to reclassify members of Pittsfield boards and commissions as "special municipal employees," which eases the conflict of interest rules compared to full-time employees
The Tavern at the A in Pittsfield is preparing to reopen for food service this May
even as the fate of its liquor license remains uncertain after Monday afternoon's Licensing Board meeting
Hancock residents will vote on a 20-item warrant at the 2025 Annual Town Meeting 7 p.m
The town election will be held noon to 6 p.m
At least 70 job-seekers connected with 18 employers at Lenox's annual job fair
Dalton's annual town meeting will begin at 7 p.m
The town election will be May 12 at the Dalton Senior Center
three men discussed plans for a secret raid that would become America’s first offensive victory in the Revolutionary War
locals gathered to commemorate the largely forgotten meeting that helped shape history
Becket voters will consider the proposed fiscal 2026 budget
adopting the seasonal community designation
a bylaw regulating outdoor lighting and other items at the annual town meeting on May 10.
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today announced that it has entered into a $1.5 billion amended and restated credit agreement with Bank of America
as administrative agent and lender and a syndicate of other lenders (the “Credit Facility”)
The Credit Facility matures on September 27
2029 and replaces the Company’s prior $1.08 billion credit facility
The Credit Facility provides for an $800 million term loan A facility and a $700 million revolving credit facility
with a $155 million sublimit for letters of credit
The revolving credit facility was undrawn at closing and provides increased liquidity for general corporate purposes
including the execution of the Company’s acquisition strategy
The interest rate margin applicable to SOFR based borrowings
ranges from 1.300% to 2.175% based on consolidated net leverage ratio
The joint lead arrangers of the Credit Facility are BofA Securities
Additional information regarding the Credit Facility is included in a Current Report on Form 8-K filed with the Securities and Exchange Commission
the statements regarding the Company’s intentions
the availability of funds and the use of proceeds under the Credit Facility
funding under the Credit Facility will be available to the Company
among other things: risks and uncertainties relating to the satisfaction of financial tests and customary conditions related to borrowings under the Credit Facility and the additional risks and uncertainties detailed in Item 1A
The Company undertakes no obligation to update publicly any forward-looking statements
Investors:Charlie WohlhuterDirector of Investor Relations(802) 772-2230
Media:Jeff WeldVice President of Communications (802) 772-2234http://www.casella.com
Casella Waste Systems has committed $1.5 million to the University of Vermont to launch the Casella Center for Circular Economy and Sustainability at UVM
The center will bring together leading scientists
engineers and materials management experts to do research
run workshops and give lectures on sustainable waste and materials management
climate leadership and community engagement
This is the first research center that Casella has funded
"The Casella Center for Circular Economy and Sustainability at UVM will be an international leader in research solutions for sustainable waste and materials management," UVM Interim President Patricia Prelock said in a statement
"This exciting new partnership pairs our world-class researchers and environmental leadership with Casella's industry expertise to create urgently needed practical solutions for people and planet."
Casella was founded in Rutland in 1975 with a single truck collecting waste. Two years later, the company began operating Vermont's first recycling facility. Today, Casella has become one of the nation's leading recyclers, the only waste and recycling company among the founding members of the EPA Climate Leaders program
"Sustainable materials management has been the foundation of our business for 50 years," John Casella
"Investing in research that results in economically and environmentally sustainable solutions to some of modern society's most pressing issues is critical to our future
We're thrilled to continue that journey with UVM and to combine our five decades of industry expertise with their academic excellence to help find those solutions."
UVM Prof. Eric Roy, an environmental scientist and engineer who has collaborated with Casella since 2016, will serve as director of the center, which will be housed in the UVM Rubenstein School of Environment and Natural Resources.
Contact Dan D’Ambrosio at 660-1841 or ddambrosio@freepressmedia.com