Terramont-led Recapitalization of Long Island Waste Services

Long Island Waste Services (Terramont-backed) Completes Combination with National Waste Services

November 17, 2025

Environmental Services

Long Island Waste Services (LIWS), a Terramont Infrastructure Partners-backed platform, completed a business combination with National Waste Services (NWS), combining their commercial waste collection, transfer station and recycling operations across Nassau and Suffolk counties on Long Island. The Leone family will retain an ownership stake and Joe Leone will join the combined company's senior leadership; the deal was supported by co-investor Environmental Services Investors and debt financing from Comerica Bank, Tecum Capital Partners, Patriot Capital, and Colbeck Capital.

Littlejohn & Co. and Ares Recapitalize Interstate Waste Services

October 25, 2023

Industrial Services

Littlejohn & Co. and funds managed by Ares have completed a recapitalization of Interstate Waste Services (IWS), with Ares acquiring a significant equity stake and IWS completing a debt recapitalization led by a JP Morgan arranger group. Headquartered in Teaneck, New Jersey, IWS operates ~650 collection vehicles and nearly 30 facilities with more than 1,900 employees; the transaction positions the company to accelerate organic and inorganic growth across the greater New York City and New Jersey markets.

Tecum Capital and Laurel Mountain Capital Lead Recapitalization of 5280 Waste Solutions

April 9, 2025

Environmental Services

Tecum Capital and Laurel Mountain Capital, with financing support from Comerica Bank, have invested in Denver-based 5280 Waste Solutions in a majority recapitalization led by Laurel Mountain Partners (the Kendall Family Office). The capital infusion will support 5280's expansion of commercial and residential waste services, strengthen its Denver market presence, and fund strategic growth initiatives.

Tecum Capital and ESI Complete Minority Recapitalization of Hainesport Transportation Group

November 13, 2023

Environmental Services

Tecum Capital led a minority recapitalization of Hainesport Transportation Group (HTG), co-investing alongside Dickson Suit and Environmental Services Investors (ESI), with Comerica providing senior debt. The investment will provide growth capital and strategic support to expand HTG's vertically integrated waste logistics platform across the Northeast U.S.

Interstate Waste Services Acquires Solterra Recycling Solutions

May 10, 2022

Environmental Services

Interstate Waste Services, a privately held vertically integrated waste and recycling operator based in Teaneck, New Jersey, has acquired Solterra Recycling Solutions of Ewing Township, New Jersey. The acquisition expands IWS's collection and processing footprint across central and southern New Jersey and the Philadelphia market, adds nearly 300 employees, and aims to improve operational efficiencies and reduce GHG emissions by leveraging IWS's rail-served disposal network and facilities.

Allied Industrial Partners Recapitalizes Wall Recycling

October 4, 2022

Environmental Services

Allied Industrial Partners LLC completed a recapitalization investment in Wall Recycling, LLC, a Raleigh-based provider of waste hauling, disposal and recycling services. Wall Recycling (which later rebranded to Liberty Waste Solutions) will remain led by founder and CEO Dan Wall and will use the partnership to support growth, operational enhancements and buy-and-build expansion.