Littlejohn & Co. and Ares Recapitalize Interstate Waste Services
October 25, 2023
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.
- Buyers
- Littlejohn & Co., Ares Management Corporation
- Targets
- Interstate Waste Services
- Industry
- Industrial Services
- Location
- New Jersey, United States
- Transaction Type
- Recapitalization
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