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October 25, 2023

BGL Announces the Recapitalization of Interstate Waste Services by Littlejohn & Co. and Ares

Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Interstate Waste Services (IWS), one of the fastest growing and most innovative providers of solid waste and recycling services in the United States, by Littlejohn & Co., a private investment firm based in Greenwich, Connecticut, and Ares, a global alternative investment manager.

BGL’s Environmental Infrastructure and Services investment banking team served as the lead financial advisor to IWS in the transaction. The specific terms of the transaction were not disclosed.

Headquartered in Teaneck, New Jersey, IWS is the largest privately held, vertically integrated provider of solid waste collection, transfer, recycling, and disposal services in the greater New York City and New Jersey markets. IWS operates more than 650 collection vehicles serviced by a network of nearly 30 facilities, including transfer stations, material recovery facilities, transload facilities, and a rail-served solid waste landfill. Over the past two decades, IWS has expanded and modernized to meet the ever-changing needs of commercial, industrial, and residential waste generators throughout New York and New Jersey.

The partnership between Littlejohn and Ares will further accelerate IWS’ growth, providing access to greater financial and operational resources and capabilities that will enable it to pursue organic and inorganic growth initiatives while continuing to safely deliver essential environmental services to its customers.

BGL’s Environmental Services team has been a leader in the North American market in transaction volume for more than a decade, according to Our experience in Environmental Services includes solid waste, industrial & special waste, waste-to-energy, specialty environmental services, and tech-enabled services.