NEW
JERSEY, Aug. 19, 2024 /PRNewswire/ -- Interstate
Waste Services, Inc. ("IWS"), a leading, vertically integrated
waste-by-rail provider of solid waste collection, disposal and
recycling services, today announced it has entered into a
definitive agreement to acquire Middletown, NY-based Donato Marangi, Inc.
and Cottage Carting, Inc. dba Marangi Disposal (collectively
"Marangi"), the largest independent waste collector in Upstate New
York. The transaction, which closed this month, marks another
significant step in IWS' strategic regional growth in the tristate
area. It follows IWS' acquisition of Connecticut-based Oak Ridge Waste &
Recycling and its subsidiary Action Environmental's
success in securing the largest number of commercial waste
zones in New York City earlier
this year.
Family owned and operated since 1955, Marangi serves commercial,
residential, municipal, and industrial customers throughout
New York's Orange and Rockland counties. Over nearly seven decades,
Marangi has earned a reputation for best-in-class service and
strong community ties. Over the past 25 years, Marangi has been a
valued customer of IWS, making this acquisition a natural
progression of the relationship between the companies.
"We're thrilled to welcome the Marangi team and customers to the
IWS family," said Mike DiBella, CEO
of IWS. "As someone who's grown up in the waste industry through a
local family business, I have great respect for the Marangi family
and their legacy. Our longstanding relationship was critical to
reaching a successful closing. We remain committed to upholding the
values that have made Marangi synonymous with quality and
reliability, while enhancing IWS' integrated service
offerings."
Mike Marangi, CEO of Marangi
Disposal, will remain with the company post-acquisition as part of
the IWS family, ensuring a smooth transition and continued
dedication to service excellence.
"We are excited to merge our operations with IWS and expand the
service offerings we provide to our customers and communities,"
said Mike Marangi. "With a 25-year
professional relationship rooted in shared family values and a
commitment to excellence, this partnership is a natural fit."
The acquisition adds over 50 collection vehicles and 40 routes
to IWS' operations, nearly doubling its presence in Upstate New
York. It strengthens IWS' existing regional infrastructure, which
includes a waste-by-rail transfer network and a state-of-the-art
$30 million recycling facility set to
open in North Arlington, New
Jersey later this year. These resources position IWS to
deliver fully integrated services to Marangi's customers while
driving further growth and efficiency in the tristate area.
Key IWS advisors included Alvarez and Marsel, who provided
transaction diligence support, and law firm Chiesa Shahinian &
Giantomasi PC representing the Company in legal matters.
About Interstate Waste Services, Inc.
Interstate Waste
Services, Inc. ("IWS") is a vertically integrated provider of solid
waste and recycling services in the greater New York City,
Northern New Jersey, and
Southwestern Connecticut markets.
IWS operates over 600 collection vehicles throughout the five
boroughs of NYC, Northern and Central NJ,
Orange and Rockland County New York, and Southwestern
Connecticut serviced by a network of 22 material recovery,
transfer, 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 and commercial customers. As one
of the largest privately held solid waste companies in the US, IWS
is a leader in the utilization of waste-by-rail transportation to
reduce vehicle miles traveled and resulting greenhouse gas
emissions. For more information, please
visit www.interstatewaste.com.
Contact
Abby Fleissner
Director of Marketing
Interstate Waste Services, Inc.
afleissner@interstatewaste.com
T: 716.400.9129
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SOURCE Interstate Waste Services, Inc.