Casella Waste Systems, Inc., a regional vertically integrated solid waste, recycling and resource management services company, announced that it acquired the assets of Pinto Trucking Services, Inc. Pinto is a provider of residential, commercial and roll-off collection services in the Grand Island and Buffalo, NY market. The Company expects to generate approximately $4 million of annualized revenues from the Pinto acquisition.
鈥淭he Pinto team has built an outstanding business that is well regarded by its customers and has solid operational performance,鈥� said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. 鈥淭he Pinto employees will fit well with our team, and we are pleased to welcome them to Casella. Their commitment to serving the customers and communities in which they operate aligns very well with our core values.鈥�
鈥淭he Buffalo market presents a great opportunity to build additional vertical integration in Western New York,鈥� Casella said. 鈥淎nd, we look forward to becoming a part of the Grand Island community, while continuing to provide the excellent service Pinto customers have come to expect.鈥�
鈥淲e continue to make great progress with our acquisition efforts in 2020, and with this acquisition we have acquired roughly $21 million of annualized revenues year-to-date through nine transactions,鈥� Casella said. 鈥淥ur acquisition pipeline remains robust and we believe that there is substantial opportunity to drive additional cash flow growth across our footprint.鈥�