Danbury-based Oak Ridge Waste & Recycling will be acquired by Interstate Waste Services Inc., which is headquartered in Teaneck, New Jersey, according to an announcement Monday.
The companies announced that they have entered into a definitive agreement for the acquisition, which will expand Interstate Waste Services’s footprint into Connecticut. The transaction is expected to close by the end of the first quarter of 2024.
Oak Ridge is one of the largest providers of waste collection, transfer and recycling services in western Connecticut and New York’s Westchester and Putnam counties. It serves about 27,000 residential and commercial customers and operates a waste-by-rail transfer and recycling facility in Danbury, a materials recovery facility in Shelton and a transfer station in Norwalk.
Interstate Waste Services describes itself as a “vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services.” It says it has a similar “high-touch, local, family business culture” as Oak Ridge.
The acquisition will be Interstate Waste Services’ first geographic expansion since it announced in late 2023 that it had completed an equity recapitalization.
Recently, an Interstate Waste Services subsidiary, Action Environmental, was awarded 14 out of 20 collection zones in New York City – more than any other hauler – along with a city-wide containerized award.
Interstate Waste Services operates more than 600 collection vehicles throughout the five boroughs of New York City, in northern and central New Jersey, and in Orange and Rockland counties in New York.
The company has 22 facilities and a rail-served solid waste landfill. It bills itself as one of the largest privately held solid waste companies in the United States, and also conducts business in Pennsylvania and Ohio.
