Interstate Waste Services, Inc.

Interstate Waste Services, Inc. is a waste management company based in the US, specializing in tailored waste collection and recycling solutions for businesses, homeowners, and contractors across several states. Founded in 1991 and headquartered in Teaneck, New Jersey, Interstate Waste Services, Inc. offers customized waste management solutions.

The company has engaged in four significant deals, with the most recent deal occurring on October 23, 2023, indicating active engagement in the market. The current CEO is Michael Dibella. Interstate Waste Services (IWS) specializes in customized waste collection and recycling solutions tailored to a diverse clientele, including businesses, homeowners, and contractors across New Jersey, New York, and Connecticut. The company’s core offerings encompass commercial dumpster rentals, construction waste disposal, curbside pickup services for residential customers, and a variety of roll-off dumpsters available in different capacities.

IWS effectively resolves the challenge of managing waste disposal and recycling, ensuring that operations align with environmental sustainability standards. Their customer base includes various industries such as retail, construction, and residential sectors, reflecting a wide array of end users who benefit from efficient waste management practices. IWS operates in key metropolitan areas, particularly within the greater New York City region, extending to surrounding counties, thus addressing the waste management needs of urban environments. Interstate Waste Services generates revenue primarily through direct service contracts and rentals, catering to both businesses and residential customers.

The transaction structure often involves contracts for commercial waste collection services as well as one-time or ongoing roll-off dumpster rentals, where clients pay based on the duration of service and the size of the container required. For example, businesses may engage in monthly subscription agreements for regular waste pickup, while residential clients can opt for specific pickup schedules or on-demand services. Pricing structures are typically determined by factors such as the type of service, frequency of collection, and the geographical location of the client’s premises. IWS’s commitment to providing dependable and environmentally responsible waste solutions remains central to its revenue model, contributing to its growth and market presence in the waste management industry.

In October 2023, Ares Management acquired Interstate Waste Services, Inc. from Littlejohn & Co. , Prophet Equity, and Summer Street Capital Partners as part of a recapitalization. This acquisition aims to provide the company with additional financial and operational expertise to support its growth.

Future initiatives may include the introduction of new products and expansion into additional markets, particularly targeting areas outside of the greater New York City region as part of their growth strategy.