SOURCE: Casella Waste Systems

Casella Waste Systems

Casella Waste Systems

April 11, 2012 16:00 ET

Casella Waste Systems and GreenerU Partner in Offering Colleges Resource Renewal and Energy Efficiency Solutions

RUTLAND, VT and WALTHAM, MA--(Marketwire - Apr 11, 2012) - Casella Waste Systems and GreenerU said today that they have formed a strategic partnership to develop and deliver leading edge waste reduction, recycling and energy efficiency solutions to colleges and universities. The two companies offer unique resource renewal and conservation solutions that can reduce utility and operating costs for colleges as well as lower the schools' greenhouse gas emissions.

Under the strategic partnership and investment agreement, Casella has made an investment into GreenerU's Series A round of financing. The companies will be reaching out to the higher education community to develop compelling offers and approaches for colleges in the area of waste, recycling, energy efficiency, composting, resource conservation, clean energy generation, and other sustainability initiatives.

"We look forward to collaborating with GreenerU as a leader in working with colleges and universities on sustainability and energy solutions," said John Casella, Chairman and CEO of Casella Waste Systems. "We are impressed by GreenerU's rapid expansion in New England and their vision for the future of the company. We believe that our partnership with GreenerU will prove beneficial to both existing and new college clients within our Northeast marketplace."

"GreenerU is enthusiastic about our partnership with Casella Waste Systems, a company that has been dedicated to recycling and environmentally oriented waste solutions since building their first recycling facility in 1977," said Rob Pratt, Chairman and CEO of GreenerU. "Their emphasis on reducing the waste stream and moving towards a 'Zero Solid Waste' future resonates well with GreenerU's mission of helping colleges reduce their energy consumption and carbon emissions while becoming more sustainable."

About Casella Waste Systems
Casella Waste Systems provides solid waste management services consisting of collection, transfer, disposal, recycling and composting services in the northeastern United States. Casella operates five regional Zero-Sort recycling facilities, operates a unique closed loop paper recycling solution, offers anaerobic digestion and on-site options for organic waste, and produces renewable energy through landfill gas facilities. Learn more at www.Casella.com.

About GreenerU
GreenerU, Inc. partners with colleges in implementing energy efficiency, cogeneration and renewable energy projects while integrating sustainability, behavior change and student engagement initiatives. The company also develops energy and sustainability master plans, climate action plans, and energy efficiency financing solutions for large-scale implementation programs. Learn more at www.GreenerU.com.

Safe Harbor Statement
Certain matters discussed in this press release 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 "expects," "will," "intends," and other similar expressions. All of these forward-looking statements are based on current expectations and estimates and management's beliefs and assumptions. Such forward-looking statements involve a number of risks and uncertainties, including, among other things, market conditions, potential changes.

Contact Information

  • Joe Fusco
    Vice President of Casella
    802-772-2247