Environmental Services Divestitures in 2023
Acquisition Volume in Environmental Services Divestitures in 2023 by Year
Last 5 years
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December 27, 2023
- Buyer
- Alliance Technical Group
- Target
- Chemtech Consulting Group, Inc., Air testing operations of Civil & Environmental Consultants, Inc. (Air Source Testing Group)
- Seller
- Civil & Environmental Consultants, Inc.
- Industry
- Environmental Services
- Location
- United States
- Type
- Divestiture
Alliance Technical Group acquired Chemtech Consulting Group, Inc. (Mountainside, New Jersey) and the air testing operations of Civil & Environmental Consultants, Inc. (locations in St. Louis, Charlotte and Knoxville) to expand its laboratory and air emissions testing capabilities and geographic footprint. The air testing carve‑out was a divestiture by CEC (advised by AEC Advisors); Alliance said the deals broaden its service coverage across key U.S. markets.
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- Buyer
- Metro Compactor Service
- Target
- Miller Waste Solutions Group
- Seller
- Miller Waste Systems
- Industry
- Environmental Services
- Location
- Ontario, Canada
- Type
- Divestiture
Metro Compactor Service has acquired Miller Waste Solutions Group (formerly WSG), the service-and-manufacturing division of Miller Waste Systems, to expand its waste- and recycling-equipment capabilities in Ontario. The deal increases Metro's fleet and technician capacity to better serve multi-residential, commercial and construction customers across the province.
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- Buyer
- Water On Demand, Inc.
- Target
- Modular Water Systems
- Seller
- OriginClear, Inc.
- Industry
- Environmental Services
- Location
- Florida, United States
- Type
- Divestiture
OriginClear transferred its Modular Water Systems division and related IP to its subsidiary Water On Demand, Inc. Water On Demand purchased the assets (including patent licenses) in exchange for 6 million shares of Water On Demand common stock to better align technology with Water On Demand's investment and managed-services platform and accelerate commercial adoption.
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January 24, 2023
- Buyer
- Silver Oak Services Partners
- Target
- Vecta Environmental Services, LLC
- Seller
- Cotton Creek Capital
- Industry
- Environmental Services
- Location
- Louisiana, United States
- Type
- Divestiture
Cotton Creek Capital has sold Gonzales, Louisiana-based Vecta Environmental Services, a provider of industrial and environmental services, following a multi-year partnership that grew Vecta from three locations to eight and materially increased revenue and earnings. The business was acquired by Silver Oak Services Partners (recapitalization/ownership change), with Cotton Creek and Vecta advised by Brown, Gibbons, Lang & Company and Greenberg Traurig respectively.
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January 5, 2023
- Buyer
- Kendall Vegetation Services, Xylem Tree Experts
- Target
- ElectriCom Right of Way Services (ROWS)
- Seller
- ElectriCom, LLC
- Industry
- Environmental Services
- Location
- Indiana, United States
- Type
- Divestiture
Kendall Vegetation Services and Xylem Tree Experts have acquired the Right of Way Services (ROWS) division of ElectriCom. The transaction transfers ROWS' customer base, operational leadership and field teams to Kendall and Xylem to expand their vegetation management and right-of-way service footprint for utility customers across the United States. ElectriCom will continue to focus on its core utility construction and infrastructure businesses following the divestiture.
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