Dive Transient:
- Casella Waste Techniques confirmed it has acquired Massachusetts hauler and recycler Save That Stuff this week. Monetary phrases weren’t disclosed.
- Save That Stuff has an estimated 36 autos in addition to a 100,000-square-foot recycling facility in Boston. The property hosts a WM organics preprocessing facility via a lease settlement.
- Save That Stuff was additionally a part of Boston’s residential organics assortment program, however exited that association forward of this deal. Maine-based Rubbish to Backyard is now the only service supplier for that program.
Dive Perception:
This deal is the most recent business instance of consolidation in Massachusetts, with ripple results for the Boston market.
Save That Stuff was based in 1990 by President Erik Levy, who operated out of a 1971 Volkswagen Double Cab. The corporate’s progress coincided with the implementation of disposal bans on sure key recyclables by the state’s Division of Environmental Safety and it gained a repute for tackling a variety of various materials streams.
Whereas the VW continues to seem at particular occasions, the corporate’s operations have scaled to incorporate a fleet of professional quality vehicles offering service across the Larger Boston space. Its small recycling facility is situated in Boston’s Charlestown neighborhood. Casella additionally has a big MRF in a special a part of Charlestown.
Casella confirmed that Levy and his group have joined the corporate as a part of the transaction.
“The group aligns nicely with our core competencies, and extra importantly the tradition Erik has constructed over the previous 35 years aligns with our core values,” mentioned Jeff Weld, Casella’s vp of communications, in a press release. “This acquisition will assist present extra environment friendly service to current hauling clients for each organizations, whereas additionally serving to to drive further circularity for our clients and complementing our recycling and supplies administration efforts all through the larger Boston market.”
Levy has additionally been growing a composting web site in Brockton, Massachusetts, which was not a part of the transaction.
A WM spokesperson confirmed that their organics preprocessing facility will proceed to function beneath a lease settlement with Casella. This facility accepts materials from a variety of service suppliers for conversion right into a slurry that’s then trucked to a regional codigestion facility.
Save That Stuff was among the many earlier suppliers of organics assortment service within the area and it helped Boston launch a program in 2022 via a three way partnership with Rubbish to Backyard. Save That Stuff managed assortment and fleet upkeep, whereas Rubbish to Backyard dealt with most different capabilities akin to customer support, dispatch, expertise, advertising and funds.
A spokesperson for Boston’s Public Works Division confirmed that Rubbish to Backyard acquired Save That Stuff’s share of the three way partnership. This system now companies an estimated 25,000 households via subscription agreements.
Annika Schmidt, advertising director for Rubbish to Backyard, additionally confirmed the shift and outlined plans to scale additional.
“[O]ur general objective is to take Boston’s program to the subsequent stage by doubling the participation and tripling the tonnage collected. We look ahead to being free to dedicate extra sources to outreach, promoting and schooling with a road group launching this spring,” wrote Schmidt through e-mail.
Vermont-based Casella has gained vital scale via acquisitions in recent times, together with an enlargement into areas of the mid-Atlantic. It additionally acquired varied New England firms throughout that point, however hasn’t reported many latest purchases within the Boston space. The corporate reported spending an estimated $260 million on acquisitions via the third quarter and is about to launch its full-year earnings on Feb. 12.