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Brightwood Capital Advisors Provides Incremental Term Loan to Interstate Waste Services

November 16, 2022, 07:25 AM
Filed Under: Waste Management

Brightwood Capital Advisors, a private credit firm, provided an incremental term loan to support Interstate Waste Services, Inc.’s (“IWS”) multifaceted growth strategy. This transaction is a testament to Brightwood’s longstanding relationship with IWS, having supported the Company for over ten years. Most recently, Brightwood is providing additional financing to support several growth initiatives.

IWS is one of the largest privately held, vertically integrated provider of solid waste collection, transfer, recycling, and disposal services serving the greater New York City and New Jersey markets. IWS operates throughout Northern and Central New Jersey, the five boroughs of New York City, and Orange and Rockland Counties in New York, which are serviced by a network of recycling facilities, transfer/transload facilities and a rail-served solid waste landfill. The IWS network of transfer and disposal facilities also serves haulers and disposal customers in the Pennsylvania and Ohio market. IWS is a progressive and innovative provider of non-hazardous waste management services with a diverse range of residential, industrial, and commercial customers. With a legacy spanning nearly 75 years serving the region, IWS delivers an essential service to the community.

“We have had a strong and valued partnership with IWS for the last ten years and are pleased to support their continued growth and success,” said Sengal Selassie, Chief Executive Officer and Managing Partner at Brightwood. “IWS’ impressive tenure in the industry is evidenced by their strong business model and dedication to sustainability. Waste collection is an essential service to our communities and our planet, and we’re proud to continue our partnership with the Company.”

“Our longtime partnership with Brightwood has been instrumental in our ability to expand IWS’ capabilities and geographic footprint over the past decade,” said Mike DiBella, CEO of IWS. “Our mission is to provide our customers with dependable waste and recycling services while leveraging proven and innovative technology to reduce the impact of waste generation on our environment. We’re grateful for Brightwood’s support as we look forward to our continued growth.”

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