Interstate Waste Services Inc. (IWS), a Teaneck, New Jersey-based waste-by-rail solid waste collection, disposal and recycling services provider, has entered into a definitive agreement to acquire Middletown, New York-based Donato Marangi Inc. and Cottage Carting Inc., doing business as Marangi Disposal.
The transaction closed earlier this month and follows IWS’ acquisition of Connecticut-based Oak Ridge Waste & Recycling in February as well as IWS subsidiary Action Environmental’s success in securing the largest number of commercial waste zones in New York City under the city’s commercial waste hauling program, Local Law 199.
Family owned and operated since 1955, Marangi serves commercial, residential, municipal and industrial customers throughout New York’s Orange and Rockland counties.
“We’re thrilled to welcome the Marangi team and customers to the IWS family,” IWS CEO Mike DiBella says. “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," he adds.
Mike Marangi, CEO of Marangi Disposal, will remain with the company as part of the IWS family.
“We are excited to merge our operations with IWS and expand the service offerings we provide to our customers and communities,” Mike Marangi says. “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 more than 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 $30 million recycling facility set to open in North Arlington, New Jersey, later this year. IWS says these resources position it to deliver fully integrated services to Marangi customers.
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