Houlihan Lokey Advises Littlejohn & Co.

Houlihan Lokey is pleased to announce that Littlejohn & Co. has made a strategic investment in Interstate Waste Services (IWS), a combination of The Action Environmental Group and Apex Environmental Resources. The transaction closed on January 16, 2020.

IWS is the largest privately-held, vertically-integrated provider of solid waste collection, transfer, recycling and disposal services serving the greater New York City and Northern New Jersey markets. IWS operates nearly 400 collection vehicles throughout the five boroughs of New York City, Northern and Central New Jersey, and Orange and Rockland County, New York; a network of 22 transfer and transload facilities; and a rail-served solid waste landfill in Amsterdam, Ohio.

Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle-market companies. With more than $12.0 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change.

Houlihan Lokey served as financial advisor to Littlejohn & Co. This transaction highlights Houlihan Lokey's sector expertise in the broader environmental services sector, as well as deep knowledge of the solid waste sector.