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M&A / Property

Clairvest Announces the Sale of Star Waste Systems to Casella Waste Systems, Inc.

By The Northwire Desk — AI Analysis Apr 01, 2026 · 18:00 CVG · 76.0 CLAIRVEST GROUP INC.
CVG · Price

Executive Summary

  • Clairvest Group Inc., together with Clairvest Equity Partners VI and Star Waste equity holders, sold their combined interests in Star Waste to Casella Waste Systems.
  • The transaction generated approximately US $38 million of proceeds for Clairvest, adding roughly $2.00 per share to its book value as of 31 Dec 2025.
  • The sale marks Clairvest’s eighth successful exit in the environmental services sector and underscores the growth achieved at Star Waste (3‑fold revenue increase, eight acquisitions).

Key Details

  • Transaction Parties: Seller – Clairvest Group Inc., Clairvest Equity Partners VI, and equity holders of Star Waste; Buyer – Casella Waste Systems, Inc.
  • Sale Proceeds to CVG: Approximately US $38 million received by Clairvest Group Inc. upon closing.
  • Impact on Book Value: Positive contribution of roughly $2.00 per share to CVG’s book value versus its carrying amount at 31 Dec 2025.
  • Company Profile (Star Waste): Provides solid waste collection, processing, recycling, construction‑demolition material recovery, and operates a commercial solid waste transfer station in the Greater Boston area.
  • Historical Growth: Since July 2022 partnership with founder & CEO Patsy Sperduto, Star Waste completed eight acquisitions and grew revenue by over 3×.
  • Advisors: Financial advisor – Stifel, Nicolaus & Company, Incorporated (exclusive).
  • Strategic Significance: Represents Clairvest’s eighth realization in the environmental services sector, highlighting its private‑equity track record of building and exiting platform businesses.

Notable Quotes

  • “We are proud of what Patsy and the Star Waste team have built… we are pleased to have achieved an outcome that reflects the value created.” – Michael Castellarin, Managing Director, Clairvest
  • “I chose to partner with Clairvest because of their integrity… this transaction … is an exciting next chapter for Star Waste and our employees.” – Patsy Sperduto, Founder & CEO, Star Waste
Read the original news release →

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