Ares Management to acquire a minority stake in Interstate Waste Services from Littlejohn.

Ares Management, a global alternative investment manager, agreed to acquire a minority stake in Interstate Waste Services, a provider of solid waste collection, transfer, recycling and disposal services, from Littlejohn, a private investment firm. Financial terms were not disclosed. “We are thrilled to work with Littlejohn and to join the Interstate family. Mike, Brian and the rest of the team have built an incredible solid waste platform, that we believe is well-positioned to leverage its great culture and service-focus to take advantage of the exciting growth opportunities ahead. Together, we believe the combination of Ares, Littlejohn and IWS will be great not only for the company, but importantly for all its stakeholders, including customers, employees, and the communities that IWS serves,” Natasha Li, Ares Partner.