Interstate of Mind

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Waste Today Cover Story, January 31, 2021 https://www.wastetodaymagazine.com/article/interstate-of-mind/ Michael DiBella’s longstanding relationships have helped to build former Ironwood Capital portfolio company Interstate Waste into the largest privately held solid waste hauler in the New York City, northern New Jersey market. You don’t become the largest privately held, vertically integrated provider of solid waste services in […]

Ironwood Portfolio Company ARS Recycling Systems Featured in Transloading Newsletter

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RELOAD, TDANA, February 2021 Two-year TDANA ( Transload Distribution Association) associate member ARS Recycling Systems touts an industrywide reputation for maintaining a customer-centric approach to every endeavor and providing unique solutions to meet clients’ diverse needs. The company excels in engineering custom machines that increase productivity and create a better environmental experience for less money. […]

Ironwood Capital Announces Subordinated Debt Investment in Lakeshore Recycling Systems

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AVON, CONNECTICUT, January 5, 2021 – Ironwood Capital is pleased to announce a subordinated debt investment in Lakeshore Recycling Systems (“LRS”) in conjunction with its acquisition of Roy Strom Company. Headquartered in Morton Grove, Illinois, LRS is the nation’s seventh largest privately held waste and recycling company, servicing Illinois and southern Wisconsin. LRS is led […]

New England M&A heats up as Wheelabrator, Boston Carting Services expand

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Dickson Suit, head of Ironwood Capital’s Environmental Services team, was recently interviewed by Waste Dive magazine, for an article on waste and recycling M&A in New England . The article is reprinted below. The private equity-backed players are just two examples of companies making moves in a region many view as primed for consolidation. The […]

Ironwood Capital Announces Subordinated Debt and Preferred Equity Investments in Boston Carting Services, LLC

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AVON, CONNECTICUT, October 14, 2020 – Ironwood Capital is pleased to announce subordinated debt and preferred equity investments in Boston Carting Services, LLC (BCS). Headquartered in East Greenwich, Rhode Island, BCS provides non-hazardous solid waste and recycling collection services in the Greater Boston market. The company was founded by Patsy Sperduto, president and CEO, a […]

Ironwood Capital Announces Sale of Tunnel Hill Partners

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AVON, CONNECTICUT, February 12, 2019 – Ironwood Capital is pleased to announce an exit from its investment in Tunnel Hill Partners (Tunnel Hill), which was sold to Macquarie Group. Tunnel Hill is the largest integrated waste-by-rail operator in the United States with five waste-by-rail transfer stations in the Northeast, two rail-served landfills in Ohio, the […]

Ironwood Capital Announces Sale of Gold Medal Services, LLC to Kinderhook Industries

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AVON, CONNECTICUT, February 5, 2018 – Ironwood Capital is pleased to announce an exit from its investment in Gold Medal Services (“Gold Medal”), a waste management and recycling company.  Gold Medal was sold to Kinderhook Industries (“Kinderhook”) which invested in partnership with BioHiTech Global (“BioHiTech”). Kinderhook is a New York-based private investment firm that manages […]