Deal Details

Ares Acquires Stake in IWS

Technology & Services

Ares acquisition of stake in IWS

Summary

Funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) (“Ares”) have acquired a significant equity stake in Interstate Waste Services (“IWS”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Ares on this transaction.

About

Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. Ares provides flexible capital to support businesses and create value for its stakeholders and within its communities. By collaborating across its investment groups, Ares aims to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2023, Ares' global platform had approximately $395 billion of assets under management, with approximately 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. Ares is headquartered in Los Angeles, California.

IWS is the largest privately held, vertically integrated provider of solid waste and recycling services in the New York and New Jersey regions. IWS operates over 650 collection vehicles serviced by a network of nearly 30 facilities, including transfer stations, material recovery facilities, transload facilities and a rail-served solid waste landfill. IWS is one of the most progressive and innovative providers of non-hazardous waste management services with a diverse range of residential, industrial, construction and commercial customers throughout Northern and Central New Jersey, Orange and Rockland Counties in New York, as well as the five boroughs of New York City. IWS is headquartered in Teaneck, New Jersey.

Technology & Services

Ares acquisition of stake in IWS