Interstate Waste Services Acquires Oak Ridge Waste & Recycling

February 12, 2024

Interstate Waste Services, a PE-backed waste-by-rail operator, has entered into a definitive agreement to acquire Oak Ridge Waste & Recycling, expanding IWS's collection, transfer and recycling footprint into Southwestern Connecticut and suburban New York. The deal (expected to close by end of Q1 2024) follows an equity recapitalization of IWS led by the Private Equity Group of Ares Management and Littlejohn & Co., and will add Oak Ridge's transfer, MRF and rail-served disposal capabilities and ~27,000 customer locations to IWS's platform.

Buyers
Interstate Waste Services, Inc., Ares Management (Private Equity Group), Littlejohn & Co.
Targets
Oak Ridge Waste & Recycling, LLC
Platforms
Interstate Waste Services, Inc.
Location
Connecticut, United States
Transaction Type
Addon

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