This Slide: #20 of 27 |
Slide #20. Casella Waste Systems, Inc. — Blow Bros. (d/b/a Bestway Disposal Services and BBI Waste Industries)
Acquirer:
Casella Waste Systems, Inc. (NASDAQ:CWST)
Acquiree:
Blow Bros. (d/b/a Bestway Disposal Services and BBI Waste Industries)
Details:
Casella Waste Systems, Inc., a regional vertically integrated solid waste, recycling and resource management services company, announced today that it has acquired all of the outstanding capital stock of Blow Bros. (d/b/a Bestway Disposal Services and BBI Waste Industries) ("BBI"), for a total consideration of up to $20.0 million in cash plus 625,000 shares of the Company's Class A Common Stock. The acquisition closed today, December 6, 2012.
Casella Waste Systems is a solid waste services company. Co. provides resource management capabilities and services, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. Co. manages its solid waste operations, which include a range of solid waste services through two regional operating segments, Eastern and Western regions. Co. organizes its solid waste services around smaller areas that Co. refers to as wastesheds. A wasteshed is an area that comprises the cycle of activities in the solid waste services process, from collection to transfer operations and recycling to disposal in landfills.
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Strong Buy (3.62 out of 4) 64th percentile
(ranked higher than approx. 64% of all stocks covered)
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