Casella Waste Systems, Inc. has reached a definitive agreement to sell select non-integrated recycling assets to a new company formed by Pegasus Capital Advisors, L.P. and Intersection, LLC for $130.4 million in gross proceeds. “With this important transaction, we will have made substantial progress toward our objective to deliver the balance sheet,” said John W. Casella, chairman and CEO, Casella Waste Systems. “At the same time, we will be simplifying our business structure, improving our risk profile and, most importantly, maintaining a strong set of integrated solid waste, recycling and resource management assets across the Northeast.”

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