Littlejohn & Co.-Backed Interstate Waste Services Forms Platform via Merger of Action Environmental and Apex Environmental

January 22, 2020

Interstate Waste Services (IWS) announced the merger of The Action Environmental Group, Inc. and Apex Environmental Resources Holdings II LLC to operate under the Interstate Waste Services brand. Littlejohn & Co. led the equity financing for the transaction, with participation from O-Corp Investments; Summer Street Capital, Prophet Equity and management retain significant equity stakes while GSO (Blackstone) led the debt financing.

Buyers
Littlejohn & Co., LLC, Interstate Waste Services, Inc., O-Corp Investments, LLC
Targets
The Action Environmental Group, Inc., Apex Environmental Resources Holdings II LLC
Platforms
Interstate Waste Services, Inc.
Location
New Jersey, United States
Transaction Type
Recapitalization

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