AVON, CONNECTICUT –MARCH 19, 2024 – Ironwood Capital is pleased to announce the exit on its investment in Oak Ridge Waste & Recycling (“Oak Ridge” or the “Company”), which was sold to strategic acquirer, Interstate Waste Services, Inc. (“IWS”). Oak Ridge is a provider of waste collection, transfer and recycling services for commercial, residential, municipal and industrial customers in Connecticut and New York. The Company operates a network of collection and post-collection facilities, including a waste-by-rail transfer and recycling facility in Danbury, Connecticut, a materials recovery facility (MRF) in Shelton, Connecticut, and a transfer station in Norwalk, Connecticut.
“The Oak Ridge exit represents another successful investment within the environmental services industry, a core investment vertical for Ironwood,“ stated Ironwood Capital Partner Jim Barra. “Under the leadership of CEO John Decker, Oak Ridge was able to establish itself as a leader within Western Connecticut and New York’s Westchester and Putnam Counties. Given the market adjacency and scale of the two companies, we believe this acquisition will be accretive for IWS while providing Oak Ridge and its employees the opportunity for continued growth and success.”
About Oak Ridge Waste & Recycling
Oak Ridge Waste & Recycling, LLC is a provider of solid waste collection, transfer, recycling and waste-by-rail disposal services in Southwestern Connecticut and Suburban New York. Oak Ridge provides residential, commercial and C&D waste and recycling services through a regional network of transfer, trans-load and material recovery facilities. For more information, please visit: oakridgewaste.com.
About Ironwood Capital
Over 20 Years of Middle Market Investing
Ironwood Capital provides non-control junior capital to middle market companies across the U.S. The firm has invested more than $1 billion in over 100 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $40 million. Ironwood’s investments support business owners and financial sponsors in growth financings, recapitalizations, generational transitions and buyouts. For more information, please visit: ironwoodcap.com.
