Environmental Services Buyout Acquisitions in 2021
Acquisition Volume in Environmental Services Buyout in 2021 by Year
Last 5 years
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December 31, 2021
- Buyer
- TXE Capital
- Target
- Envirodyne Laboratories, Inc.
- Seller
- Tanny Busby, Laura Bonjonia
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
TXE Capital, a Houston-based investor focused on testing, inspection and calibration (TIC) businesses, acquired Envirodyne Laboratories, a NELAP-accredited environmental testing laboratory in Houston. The transaction closed on December 31, 2021 and was advised by Generational Equity; owners Tanny Busby and Laura Bonjonia sold the business to TXE.
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December 30, 2021
- Buyer
- Graphene & Solar Technologies, Ltd.
- Target
- Air-To-Water, LLC
- Industry
- Environmental Services
- Location
- Nevada, United States
- Type
- Buyout
Graphene & Solar Technologies, Ltd. (GSTX) acquired Air-To-Water, LLC, a Nevada-based developer of atmospheric water-extraction technology. GSTX plans to manufacture the proprietary solid‑state units in the U.S.; single units produce about 13–20 gallons per day, are expected to sell for $5,000–$8,000, and have an anticipated lifespan of over 10 years.
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- Buyer
- Delos Capital, The Silverfern Group
- Target
- Pioneer Recycling Services, LLC
- Seller
- Central Valley Fund (portfolio investor)
- Industry
- Environmental Services
- Location
- Washington, United States
- Type
- Buyout
Delos Capital and The Silverfern Group partnered to acquire Pioneer Recycling Services, a Tacoma, Washington–based operator of materials recovery facilities (MRFs) serving residential, commercial, municipal and industrial customers across the Pacific Northwest. Capstone Partners advised Pioneer (a portfolio company of Central Valley Fund) on the transaction; the PE buyers said they will partner with Pioneer’s management to grow the business and invest in its processing capabilities.
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December 20, 2021
- Buyer
- ITOCHU Corporation, EUROPEAN TYRE ENTERPRISE LIMITED (ETEL)
- Target
- Murfitts Group Ltd
- Industry
- Environmental Services
- Location
- Suffolk, United Kingdom
- Type
- Buyout
ITOCHU Corporation, through its U.K. subsidiary EUROPEAN TYRE ENTERPRISE LIMITED (ETEL), has acquired Murfitts Group Ltd, a leading U.K. tyre recycling company based in Lakenheath. The deal brings Murfitts' tyre collection, rubber-crumb manufacturing and proprietary pyrolysis technology into ITOCHU/ETEL's tyre distribution and retail network to support sustainability and vertical integration across the tyre value chain.
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December 16, 2021
- Buyer
- Tide Rock Holdings
- Target
- American Recycling Company, LLC
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Tide Rock Holdings, a San Diego-based strategic holding company, has acquired American Recycling Company, LLC of Modesto, California (renamed American Recycling Holdings, LLC). The full-service recycler — which handles paper, plastic, metal and organic waste and provides ESG-compliant analytics — will remain managed by its founders and will expand services and organics processing under Tide Rock's ownership.
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December 16, 2021
- Buyer
- Sweeping Corporation of America
- Target
- Venco Power Sweeping, Inc.
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Sweeping Corporation of America (SCA), the largest power sweeping company in the U.S., has acquired Venco Power Sweeping, a long-established street and parking lot sweeping operator based in Oxnard, California. The acquisition expands SCA's presence and market share in Southern California; terms were not disclosed.
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December 15, 2021
- Buyer
- ORIX Capital Partners
- Target
- Odin
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
ORIX Capital Partners acquired a majority interest in Odin, a Rocklin, California–based provider of environmental and geotechnical construction, remediation, and dredging services. Odin's founders and management will retain a significant equity stake as ORIX positions the company as a platform for growth within its environmental services and ESG thematic focus; financial terms were not disclosed.
-
December 14, 2021
- Buyer
- Greenix Pest Control
- Target
- Rise Pest Control
- Seller
- Rise Pest Control (owners/management; CEO Blaine Jensen)
- Industry
- Environmental Services
- Location
- Utah, United States
- Type
- Buyout
Greenix Pest Control, headquartered in Orem, Utah, announced the acquisition of Rise Pest Control, adding more than 70 team members and service professionals across Iowa, Kansas, Wisconsin, Minnesota, Indiana and Nebraska. The deal increases Greenix's density in the upper Midwest and expands its footprint as the company continues rapid growth across multiple states.
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December 13, 2021
- Buyer
- LRS
- Target
- Johnson County Refuse, Port 'O' Jonny, Action Services, Inc.
- Seller
- Steve Smith (owner of Johnson County Refuse), Jay Kremer (owner of Action Services, Inc.)
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Buyout
LRS, a Midwest waste diversion, recycling and portable services provider, acquired Johnson County Refuse along with two portable-restroom providers — Port 'O' Jonny and Action Services, Inc. — to establish an expanded presence across greater Cedar Rapids and Iowa City. The deals add roughly 50 employees from Johnson County Refuse and a combined portable-services fleet (25 trucks) to LRS’s operations; financial terms were not disclosed.
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- Buyer
- Quest Resource Holding Corporation (QRHC)
- Target
- RWS Facility Services
- Seller
- Atar Capital
- Industry
- Environmental Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Quest Resource Holding Corporation (NASDAQ: QRHC) has acquired RWS Facility Services from Atar Capital. The transaction brings RWS’s asset-light waste management, commodity recycling and facility services capabilities into Quest’s national platform to expand service offerings and customer reach across retail, QSR and real-estate end markets.
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November 30, 2021
- Buyer
- 3i Group plc
- Target
- EC Waste, LLC
- Seller
- Post Capital Partners, Randy Jensen (management/owner)
- Industry
- Environmental Services
- Location
- Puerto Rico
- Type
- Buyout
3i Group plc has acquired EC Waste, LLC, a leading non-hazardous solid waste services provider in Puerto Rico, from Post Capital Partners. EC Waste serves over 100,000 residential and more than 8,500 commercial and industrial customers, operates multiple landfill sites and transfer stations, employs over 350 people, and hosts a large renewable natural gas project; financial terms were not disclosed.
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November 30, 2021
- Buyer
- Deep Isolation
- Target
- Freestone Environmental Services
- Industry
- Environmental Services
- Location
- Washington, United States
- Type
- Buyout
Deep Isolation, a Berkeley-based developer of deep-borehole nuclear waste storage and disposal technology, has acquired Freestone Environmental Services, a Richland, Washington environmental and water-resources consulting firm. The acquisition brings Freestone's team of roughly 25 scientists and engineers and strengthens Deep Isolation's environmental investigation, regulatory planning, and remediation capabilities—particularly experience on the U.S. Department of Energy's Hanford project.
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November 23, 2021
- Buyer
- TruHorizon Environmental Solutions
- Target
- Phase Engineering, Inc.
- Seller
- Phase Engineering, Inc., James Dismukes, Melanie Edmundson
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
TruHorizon Environmental Solutions announced the acquisition of the assets of Phase Engineering, Inc., bringing Phase’s environmental engineering and consulting team into TruHorizon to expand geographic reach and service offerings. Phase, founded in 1993 and co-owned by James Dismukes and Melanie Edmundson, has completed tens of thousands of environmental and property condition assessments for lenders, developers and property owners across the U.S.
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November 12, 2021
- Buyer
- New State Capital Partners
- Target
- Wilmington Paper Corp.
- Industry
- Environmental Services
- Location
- New Jersey, United States
- Type
- Buyout
New State Capital Partners (via an affiliate) has made a majority equity investment in Wilmington Paper Corp., a recovered-fiber processor and intermediary headquartered in New Jersey. Management, led by CEO Stuart Lurie, retained a substantial minority stake; New State said it will support organic growth, technology and logistics investments, and pursue add-on acquisitions to extend the company's reach.
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November 9, 2021
- Buyer
- ERM
- Target
- Stratos Inc.
- Industry
- Environmental Services
- Location
- Ontario, Canada
- Type
- Buyout
ERM has acquired Stratos Inc., a Canada-based sustainability and ESG advisory firm founded in 2000 in Ottawa. The deal adds more than 30 Canada-based sustainability practitioners to ERM and strengthens ERM's sustainability and climate-change advisory capabilities and presence in Canada, including expertise in Indigenous partnership and stakeholder engagement.
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November 4, 2021
- Buyer
- J.S. Held
- Target
- Environmental Profiles, Inc.
- Industry
- Environmental Services
- Location
- United States
- Type
- Buyout
Global consulting firm J.S. Held announced the asset acquisition of substantially all assets of Environmental Profiles, Inc. (EPI), an environmental, health, and safety consulting firm with offices in Maryland and North Carolina. The deal adds EPI’s toxicology, industrial hygiene, and safety expertise to J.S. Held’s EHS practice and gives the EPI team access to J.S. Held’s broader technical, financial, and strategic consulting resources.
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November 3, 2021
- Buyer
- Undisclosed strategic acquiror
- Target
- J&J Services, Inc.
- Seller
- Main Street Capital Corporation, Co-investors (unnamed)
- Industry
- Environmental Services
- Location
- Tennessee, United States
- Type
- Buyout
Main Street Capital Corporation fully exited its debt and equity investments in J&J Services, Inc. following the sale of the Nashville-based roll-off dumpster and portable toilet rental operator to a strategic acquiror (buyer name not disclosed). Main Street originally invested $24.8 million in a 2019 recapitalization and realized an $11.0 million gain on the exit.
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November 2, 2021
- Buyer
- ERIS
- Target
- LGI Copy Service Canada
- Industry
- Environmental Services
- Location
- Ontario, Canada
- Type
- Buyout
Environmental Risk Information Services (ERIS), a division of Glacier Media, has acquired LGI Copy Service Canada to strengthen ERIS' Canadian operations and expand its historical and current environmental data offerings. The deal integrates LGI's city directories and historical aerial photographs into ERIS' platforms to improve property due diligence products and nationwide scale.
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November 1, 2021
- Buyer
- Environmental 360 Solutions Ltd. (E360S)
- Target
- Le Géant du Conteneur
- Industry
- Environmental Services
- Location
- Quebec, Canada
- Type
- Buyout
Environmental 360 Solutions Ltd. (E360S), a PE-backed environmental services operator based in Aurora, Ontario, has acquired Le Géant du Conteneur, a Châteauguay, Quebec–based provider of solid non-hazardous and construction waste management. The acquisition expands E360S's footprint into the Montreal market and adds material-recovery and construction-waste diversion capabilities that complement its existing Quebec operations.
-
- Buyer
- LRS
- Target
- Orion Waste Solutions (territories), Waste Recycling Solutions — RAMCO / Alternative Waste Management (AWM) business
- Seller
- Orion Waste Solutions, Waste Recycling Solutions (RAMCO / AWM)
- Industry
- Environmental Services
- Location
- Arkansas, United States
- Type
- Buyout
LRS announced the acquisition of Orion Waste Solutions territories across Arkansas, Kansas and Wisconsin and the RAMCO-Alternative Waste Management (AWM) waste and recycling business from Waste Recycling Solutions in the Little Rock, Arkansas MSA. The transactions add 19 municipal contracts, 140 employees, 115 trucks, one C&D landfill and nine facilities, expanding LRS’s geographic footprint and service capabilities in the Midwest and Arkansas.
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October 25, 2021
- Buyer
- Reclamation Technologies USA, LLC
- Target
- DFW Refrigerant Services, LLC
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
Reclamation Technologies USA, LLC (RTI), a joint venture formed by Heritage Environmental Services and Fielding Environmental, has purchased DFW Refrigerant Services, LLC to expand its refrigerant reclamation footprint in the Dallas–Fort Worth market. The acquisition adds local EPA-certified refrigerant recovery, reclamation, cylinder exchange and sustainability programs to RTI's national service offering.
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October 21, 2021
- Buyer
- Platinum Equity
- Target
- Urbaser
- Seller
- China Tianying
- Industry
- Environmental Services
- Location
- Madrid, Spain
- Type
- Buyout
Platinum Equity has completed the acquisition of Madrid-based environmental services company Urbaser from China Tianying for an enterprise value of approximately $4.2 billion. Urbaser, which operates in waste collection, treatment and waste-to-energy across multiple countries and employs more than 50,000 people, will continue to be led by CEO José María López Piñol as Platinum looks to expand capabilities in sustainable waste-management solutions and grow the business across Europe and other markets.
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- Buyer
- Partners Group, Kohlberg & Company
- Target
- BluSky Restoration Contractors
- Seller
- Dominus Capital, L.P.
- Industry
- Environmental Services
- Location
- Colorado, United States
- Type
- Buyout
Partners Group and Kohlberg & Company jointly acquired BluSky Restoration Contractors from majority owner Dominus Capital, which retained a minority stake; BluSky management also retains a meaningful ownership position. Denver-based BluSky is a national restoration, remediation, environmental, and roofing services provider with more than 900 employees and 40 branches; the new owners plan to expand branches, national accounts, capabilities, and pursue add-on acquisitions.
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October 12, 2021
- Buyer
- Komline-Sanderson Corporation
- Target
- AquaShield, Inc.
- Industry
- Environmental Services
- Location
- Tennessee, United States
- Type
- Buyout
Komline-Sanderson, a New Jersey-based designer and manufacturer of wastewater and environmental control equipment, has acquired AquaShield, Inc., a Chattanooga, Tennessee manufacturer of stormwater filtration and runoff control products. The acquisition expands Komline's stormwater product portfolio, manufacturing capacity, and geographic reach to better serve municipal and corporate customers.
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October 11, 2021
- Buyer
- Montrose Environmental Group, Inc.
- Target
- Environmental Chemistry, Inc.
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
Montrose Environmental Group (NYSE: MEG) has acquired Environmental Chemistry, Inc. (ECI), a Houston-based full-service environmental laboratory. ECI will be integrated into Montrose's Measurement and Analysis segment and operate as part of Enthalpy Analytical, expanding Montrose's water and soil testing capabilities in the Gulf Coast region; terms were not disclosed.
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October 5, 2021
- Buyer
- AEA Investors LP, Polygon management team
- Target
- Polygon Holding AB
- Seller
- Triton Partners
- Industry
- Environmental Services
- Location
- Stockholm County, Sweden
- Type
- Buyout
Funds managed by AEA Investors LP, together with Polygon's management team, completed the acquisition of Polygon Holding AB from Triton Partners. Polygon is a European market leader in property damage restoration with ~5,500 employees and EUR 743 million revenue in 2020; AEA said it will support continued organic growth and further acquisitions.
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September 30, 2021
- Buyer
- Braun Intertec
- Target
- Edwards-Pitman Environmental
- Industry
- Environmental Services
- Location
- Georgia, United States
- Type
- Buyout
Braun Intertec has acquired Edwards-Pitman Environmental, a Georgia-based environmental compliance and permitting consulting firm. The acquisition expands Braun Intertec's environmental compliance, permitting and cultural-resources capabilities and extends its geographic footprint in the Southeastern United States; Edwards-Pitman will operate as a wholly-owned subsidiary and adds more than 86 specialists to Braun Intertec.
-
September 29, 2021
- Buyer
- Nolan Capital, Inc.
- Target
- Apollo Technologies, Inc.
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Nolan Capital, the family office of Peter Nolan, has acquired Apollo Technologies, Inc., a Southern California water treatment service contractor specializing in cooling tower and boiler preventative maintenance. Nolan plans to use Apollo as an anchor for a targeted acquisition strategy in the boiler water and cooling tower treatment industry while founder Bob Ricks will assist with growth initiatives.
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September 29, 2021
- Buyer
- Union Park Capital
- Target
- Sonoma Technology, Inc.
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Boston-based private equity firm Union Park Capital has made a majority investment in Sonoma Technology, Inc., a Petaluma, California environmental science and air-quality monitoring firm. Sonoma Tech will serve as the core asset in Union Park's newly created holding company, Spheros Environmental Group, to support platform-driven growth and capability expansion across environmental services.
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September 29, 2021
- Buyer
- ADEC Innovations
- Target
- Cameron-Cole, LLC
- Seller
- Cameron-Cole management (management owners)
- Industry
- Environmental Services
- Location
- Colorado, United States
- Type
- Buyout
ADEC Innovations has completed its acquisition of Cameron-Cole, a U.S.-based environmental services and regulatory compliance consulting firm. The deal expands ADEC Innovations' environmental and sustainability consulting capabilities, adds remediation and hydrogeological services, and extends its U.S. office presence to Colorado and Florida.
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September 22, 2021
- Buyer
- DXP Enterprises, Inc.
- Target
- Premier Water
- Industry
- Environmental Services
- Location
- North Carolina, United States
- Type
- Buyout
DXP Enterprises, Inc. (NASDAQ: DXPE) completed the acquisition of Premier Water, a Charlotte-based distributor and service provider focused on the water and wastewater treatment markets in North and South Carolina. Financial terms were not disclosed; Premier operates a single location with approximately 6 employees and reported roughly $3.6 million in sales and $850 thousand of adjusted EBITDA.
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September 2, 2021
- Buyer
- Sweeping Corporation of America
- Target
- Clean Sweep Lot Service, BLT Environmental Services
- Industry
- Environmental Services
- Location
- Indiana, United States
- Type
- Buyout
Sweeping Corporation of America (SCA) has acquired Clean Sweep Lot Service and BLT Environmental Services, two Indianapolis-area sweeping companies based in Speedway, Indiana. The acquisitions expand SCA's service offerings and strengthen its presence in the greater Indianapolis market; terms were not disclosed.
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September 1, 2021
- Buyer
- Republic Services, Inc.
- Target
- ACV Enviro Corporation
- Seller
- Kinderhook Industries, LLC
- Industry
- Environmental Services
- Location
- New Jersey, United States
- Type
- Buyout
Republic Services, Inc. has acquired ACV Enviro Corporation from Kinderhook Industries; terms were not disclosed. ACV is a regional provider of hazardous and non-hazardous waste management and industrial services across the Northeastern United States, and the acquisition expands Republic Services' environmental services capabilities and regional footprint.
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- Buyer
- Apax Partners (funds advised by Apax)
- Target
- SavATree
- Seller
- CI Capital Partners
- Industry
- Environmental Services
- Location
- New York, United States
- Type
- Buyout
Funds advised by Apax have agreed to acquire SavATree, a Bedford Hills, New York-based provider of tree, shrub and lawn care services, from CI Capital Partners. The transaction (terms undisclosed) is expected to close in Q4 2021; Apax intends to accelerate SavATree's growth organically and via strategic M&A while partnering with the existing leadership team.
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August 23, 2021
- Buyer
- SavATree
- Target
- Giroud Tree and Lawn
- Industry
- Environmental Services
- Location
- Pennsylvania, United States
- Type
- Buyout
SavATree has acquired Pennsylvania-based Giroud Tree and Lawn and will convert the business into a new SavATree branch in Huntingdon Valley to serve the greater Philadelphia area. The deal expands SavATree’s Southeastern Pennsylvania footprint to three offices and brings Giroud principals Lou Giroud and Drew Slousky and their team into SavATree’s branch network.
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- Buyer
- QGistix, LLC
- Target
- Green Wave Computer Recycling, LLC
- Industry
- Environmental Services
- Location
- Indiana, United States
- Type
- Buyout
QGistix, a reverse-logistics and electronics lifecycle management company based in Atlanta, acquired Green Wave Computer Recycling of Indianapolis and combined the businesses under the name Green Wave Electronics. The deal expands the combined company's e-waste recycling, data-destruction and refurbishment capabilities and extends its geographic footprint from the Midwest into the Southeast, creating a business with more than 250 employees and 300,000 square feet of facilities.
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August 17, 2021
- Buyer
- Sweeping Corporation of America (SCA)
- Target
- Bill's Sweeping Service
- Seller
- Michael and Deborah Carter (Carter family)
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Sweeping Corporation of America (SCA), the largest power sweeping company in the United States, has acquired Bill's Sweeping Service of Orange, California. The acquisition expands SCA's service offerings and client base in Southern California, continuing its regional growth strategy.
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August 16, 2021
- Buyer
- Stirling Square Capital Partners (Fourth Fund), Deutsche Beteiligungs AG
- Target
- Itelyum Group
- Seller
- Stirling Square Capital Partners (Third Fund)
- Industry
- Environmental Services
- Location
- Lombardy, Italy
- Type
- Buyout
Stirling Square Capital Partners' Fourth Fund will acquire a majority stake in Italian recycling specialist Itelyum, with Deutsche Beteiligungs AG acquiring a minority stake from Stirling Square's Third Fund. Management is reinvesting alongside the new investors to support Itelyum's European growth and an active acquisition pipeline focused on expanding its circular-economy waste-processing platform.
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August 12, 2021
- Buyer
- Arrow Exterminators
- Target
- Copter Pest Control
- Seller
- Copter Pest Control (owners including James "Jimbo" Grimsley, Jr.)
- Industry
- Environmental Services
- Location
- Alabama, United States
- Type
- Buyout
Atlanta-based Arrow Exterminators has acquired Copter Pest Control, a long-standing residential and commercial pest and termite control provider headquartered in Enterprise, Alabama. The acquisition expands Arrow’s presence in the Wiregrass and Lower Alabama regions, adds a local office and team to Arrow’s footprint (bringing Arrow to 16 service centers in Alabama), and will see Copter operate as Arrow Exterminators going forward.
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- Buyer
- City Capital Ventures, LLC, RF Investment Partners
- Target
- GreenTech Environmental, LLC
- Industry
- Environmental Services
- Location
- Tennessee, United States
- Type
- Buyout
City Capital Ventures (CCV) acquired a majority stake in GreenTech Environmental, a Johnson City, Tennessee-based designer and manufacturer of indoor air purification systems, with RF Investment Partners providing debt and equity to facilitate the deal. CCV will support GreenTech’s growth by accelerating sales, marketing, and product development while the company continues to operate independently under its existing management; financial terms were not disclosed.
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July 27, 2021
- Buyer
- Keller
- Target
- RECON Services, Inc.
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
Keller has acquired RECON Services, Inc., a Houston-based industrial services and environmental remediation contractor. RECON will operate as a separate company reporting through Keller's Moretrench Industrial business, expanding Keller's environmental remediation, soil stabilization and industrial services capabilities across the Gulf and East coasts of the United States.
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July 27, 2021
- Buyer
- PCM Growth, LLC
- Target
- Hawx Services
- Industry
- Environmental Services
- Location
- Utah, United States
- Type
- Buyout
Hawx Services, a pest control provider based in Ogden, Utah, was acquired by private equity firm PCM Growth, LLC on March 12, 2021. Under PCM Growth ownership, Hawx will invest in technology, digital marketing and inorganic growth to build a national pest-management platform while management remains in place with significant equity.
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- Buyer
- Sweeping Corporation of America (SCA)
- Target
- Metro Commercial Sweeping
- Industry
- Environmental Services
- Location
- Illinois, United States
- Type
- Buyout
Sweeping Corporation of America (SCA), the largest power sweeping company in the United States, has acquired Metro Commercial Sweeping of Dupo, Illinois. The acquisition expands SCA's service offerings and market presence in the greater St. Louis area by adding Metro’s parking lot sweeping, pressure washing and maintenance capabilities.
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- Buyer
- Casella Waste Systems, Inc.
- Target
- Willimantic Waste Paper Co., Inc.
- Seller
- Tim DeVivo, Tom DeVivo
- Industry
- Environmental Services
- Location
- Connecticut, United States
- Type
- Buyout
Casella Waste Systems, Inc. (NASDAQ: CWST) acquired Willimantic Waste Paper Co., Inc., a Connecticut-based residential, commercial and roll-off collection and recycling operator, on July 26, 2021. The acquisition expands Casella's footprint into eastern Connecticut and adds a rail-served C&D processing/waste transfer facility and single-stream recycling operations, representing roughly $62 million of annualized revenues.
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July 20, 2021
- Buyer
- Morgan Stanley Capital Partners
- Target
- Alliance Technical Group
- Seller
- Align Capital Partners
- Industry
- Environmental Services
- Location
- Alabama, United States
- Type
- Buyout
Morgan Stanley Capital Partners (MSCP) has acquired a controlling interest in Alliance Technical Group, a Decatur, Alabama–based provider of air emissions testing, monitoring and analytical services, from Align Capital Partners. MSCP will partner with Alliance's management led by CEO Chris LeMay to continue geographic expansion and M&A-driven growth while the management team and employees retain a meaningful ownership stake.
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July 19, 2021
- Buyer
- Waste Connections
- Target
- ACT Disposal, LLC
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
Waste Connections completed the acquisition of ACT Disposal, LLC, a New Braunfels, Texas-based roll-off container delivery and construction debris disposal company, on July 1, 2021. The deal expands Waste Connections' local service footprint and adds roll-off and demolition debris capabilities in the San Antonio / New Braunfels market.
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- Buyer
- EQT Infrastructure (EQT Infrastructure V)
- Target
- Covanta Holding Corporation
- Industry
- Environmental Services
- Location
- New Jersey, United States
- Type
- Buyout
EQT Infrastructure has agreed to acquire Covanta Holding Corporation (NYSE: CVA) for $20.25 per share in a deal valued at $5.3 billion, including the assumption of Covanta’s net debt obligations. The transaction is subject to customary approvals (including Covanta shareholder approval) and is expected to close by year-end (fourth quarter).
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July 13, 2021
- Buyer
- Incline Equity Partners
- Target
- Edko
- Seller
- Mike Vasko
- Industry
- Environmental Services
- Location
- Louisiana, United States
- Type
- Buyout
Pittsburgh-based private equity firm Incline Equity Partners has acquired Edko, a Bossier City, Louisiana-based provider of herbicide-based vegetation management services for utilities, municipalities and other rights-of-way operators. Incline said it will partner with Edko's management to expand geographic coverage and service offerings through organic initiatives and acquisitions.
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July 13, 2021
- Buyer
- BELFOR Franchise Group
- Target
- redbox+
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
BELFOR Franchise Group (BFG), the residential and commercial services franchisor and division of BELFOR Property Restoration, has acquired redbox+, a franchised waste management and rental company known for its patented combination roll-off dumpster and portable restroom units. The deal expands BFG's portfolio and service capabilities, while redbox+ will continue operating and conducting training from its existing facility in St. Charles, Minnesota.
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July 7, 2021
- Buyer
- L2 Capital Partners
- Target
- Ecotone, Inc.
- Industry
- Environmental Services
- Location
- Maryland, United States
- Type
- Buyout
L2 Capital Partners has acquired Ecotone, Inc., a Forest Hill, Maryland-based provider of ecological restoration design, engineering, and construction services. The private equity firm will partner with Ecotone's leadership to accelerate growth and expand the company’s restoration, mitigation banking, and stormwater management capabilities across government and private markets.
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