HEPACO Acquires Summit Field Services Division from Summit Environmental Services

HEPACO Acquires PetroChem Recovery Services

January 18, 2019

Environmental Services

HEPACO, a Gryphon Investors-backed emergency response and environmental services platform, has acquired PetroChem Recovery Services from Succession Capital Partners. The Norfolk, Virginia-based PetroChem will expand HEPACO's emergency response and environmental remediation capabilities and geographic coverage in the Mid-Atlantic; terms were not disclosed.

HEPACO Acquires Evergreen AES Environmental Services

February 4, 2020

Environmental Services

HEPACO, a Gryphon Investors–backed provider of emergency response and environmental services, has acquired Evergreen AES Environmental Services from Jerry McCandless, Kendrick McCandless, and Jennifer Lanham. The acquisition adds Evergreen AES's four regional locations and capabilities (remediation, emergency response and waste management), expanding HEPACO's footprint across the Mid-Central and Midwest and bringing the combined company to nearly 850 employees and 49 locations.

Clean Harbors Acquires HEPACO from Gryphon Investors for $400M

February 6, 2024

Industrial Services

Clean Harbors, Inc. completed the acquisition of HEPACO from Gryphon Investors for $400 million in cash, financed in part by a $500 million expansion of its term loan facility. HEPACO, headquartered in Charlotte, North Carolina, generated approximately $270 million of revenue and $36 million of adjusted EBITDA in 2023 (about 1,000 employees across ~40 locations); Clean Harbors expects roughly $20 million of cost synergies and about $30 million of incremental adjusted EBITDA in 2024.

HEPACO Acquires Environmental Management Alternatives (EMA)

July 19, 2021

Environmental Services

HEPACO, a Gryphon Investors-backed environmental services platform, has acquired Environmental Management Alternatives (EMA), a St. Louis-based provider of hazardous waste brokerage, recycling, emergency response, remediation, and industrial cleaning services. The acquisition expands HEPACO's geographic footprint into St. Louis and adds national hazardous waste brokerage and recycling capabilities; EMA founders Tim and Mike Hylla joined HEPACO management and retained a minority equity stake.

The Facilities Group Acquires Summit Service Group

September 1, 2022

Industrial Services

The Facilities Group, a portfolio company of Greenbriar Equity Group and Revolent Capital Solutions, has acquired Summit Service Group, a Denver-area janitorial and facility maintenance provider founded in 1981. The deal adds a Colorado-based platform to TFG's national footprint and will support the firm's expansion across the Mountain West.

Summit Companies Completes Ten Strategic Add-on Acquisitions

June 11, 2021

Industrial Services

SFP Holding, Inc. (Summit Companies), a CI Capital Partners-backed fire and life safety services platform, announced the completion of ten add-on acquisitions across its Summit Fire & Security and Summit Fire Protection subsidiaries. The transactions expand Summit's geographic footprint (now operating in 18 states) and broaden its inspection, testing, installation and life-safety service capabilities in commercial, industrial, government, healthcare and multi-family end markets.