PennSpring Capital Acquires Majority Interest in EHC Associates

PennSpring Capital Makes Initial Investment in Environmental Remediation and Financial Services (ERFS)

August 24, 2021

Environmental Services

PennSpring Capital, a Mid-Atlantic direct investment firm, made an initial growth investment in Environmental Remediation and Financial Services (ERFS) to support the company’s post-pandemic expansion and the start of major remediation projects across the United States. ERFS, a New Jersey–based specialist in in-situ soil and groundwater remediation, will use the capital to scale operations and offer remediation services across more than 30 industries.

PennSpring Capital Acquires Norton Jackson & Company

April 27, 2021

Consulting

PennSpring Capital, a Lancaster-based lower middle market investment firm, has acquired Mechanicsburg-based M&A advisory firm Norton Jackson & Company. The deal brings Norton Jackson's founding principals into PennSpring to strengthen the firm's sell-side advisory capabilities for regional business owners in South Central Pennsylvania.

Susquehanna Private Capital Invests in U.S. Compliance

September 27, 2023

Environmental Services

Susquehanna Private Capital (SPC) announced a minority/majority investment in U.S. Compliance, an environmental, health and safety (EHS) compliance management provider, to accelerate the company's growth and scale its Compliance-as-a-Service (CaaS) offerings across North America. Terms were not disclosed; Hennepin Partners served as exclusive financial advisor to U.S. Compliance and Troutman Pepper advised Susquehanna Private Capital.

J.S. Held Acquires Environmental Consultants, LLC

September 12, 2023

Environmental Services

Global consulting firm J.S. Held has acquired Environmental Consultants, LLC, a Greater St. Louis–area environmental services firm founded in 2003. The acquisition expands J.S. Held’s Environmental, Health & Safety (EHS) practice by adding industrial hygiene, environmental testing, inspection and remediation support and strengthens its Midwest capabilities.

Pamlico Capital Recapitalizes EHS Insight; Level Equity Re-invests

December 9, 2025

Cloud & SaaS

Pamlico Capital has completed a recapitalization investment in EHS Insight, a Houston-based provider of cloud-based environmental, health, and safety (EHS) software, with existing investor Level Equity making a significant re-investment. EHS Insight co-founders Gary McDonald and Eric Stevens will retain meaningful ownership stakes; the capital will support continued product innovation, customer impact, and growth.

HomeServe USA Acquires Environmental Systems Associates (ESA)

March 18, 2021

HVAC & Mechanical

HomeServe USA has acquired Environmental Systems Associates, Inc. (ESA), a Columbia, Maryland-based residential HVAC contractor with more than 35 employees. ESA's owners Richard Dean and Michael Hendricks will remain with the business as it becomes part of HomeServe's locally branded HVAC network, expanding HomeServe's presence in the Greater Washington, D.C. market.