Watterson (Highview Capital-backed) Acquires Bassett Creek Services

Highview Capital Acquires Watterson

January 4, 2022

Environmental Services

Highview Capital, LLC has acquired Watterson, a national facilities management and environmental services provider headquartered in Schaumburg, Illinois, with founder Billy Watterson and President Steve Peldiak retaining significant minority stakes. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction. Highview says it will invest to scale Watterson's national coverage, expand service capabilities, and pursue strategic acquisitions.

Watterson (Highview Capital-backed) Acquires Armstrong's Restoration

September 20, 2022

Environmental Services

Watterson, a Highview Capital-backed national facility services platform, has acquired Florida Maintenance Services, Inc. (d/b/a Armstrong's Restoration), a restoration and emergency response provider headquartered in Malabar, Florida. The add-on expands Watterson's geographic footprint with locations in Florida, North Carolina, and New York and integrates Armstrong's leadership and operations into Watterson's national service network.

Wittenbach (Argosy Portfolio Company) Acquires The Gilbertson Group

December 13, 2022

Industrial Services

Wittenbach, a portfolio company of Argosy Private Equity, has acquired The Gilbertson Group (TGG), a family-owned security systems integrator. The add-on strengthens Wittenbach’s density in the Mid-Atlantic (PA/DE/MD), expands cross-selling opportunities into government and commercial markets, and integrates TGG into Argosy’s operational playbook.

Millpond Equity Partners and Wasena Capital Management Acquire Paxton/Patterson

April 20, 2022

Education

Millpond Equity Partners and Wasena Capital Management have acquired Paxton/Patterson LLC, an Alsip, Illinois-based provider of career and technical education curriculum, equipment, lab design and educator training. Terms were not disclosed; Prairie Capital Advisors acted as exclusive financial advisor to Paxton/Patterson and its shareholders. The deal positions Paxton/Patterson for growth as the buyers aim to expand capabilities and scale the company's CTE offerings nationwide.

Wind River Environmental Acquires Brockwell's Septic and Service Inc.

August 30, 2024

Environmental Services

Wind River Environmental, a Gryphon Investors-backed environmental services platform, has acquired Brockwell's Septic and Service Inc., a Virginia Class A contractor based in Quinton, VA. The acquisition expands Wind River's footprint and service capabilities in central/eastern Virginia while retaining the existing Brockwell's team at its Quinton location.

Bernhard Capital Partners Acquires Ascension Wastewater Treatment

April 9, 2020

Utilities

Bernhard Capital Partners Management, LP led a group of investors in the acquisition of Ascension Wastewater Treatment (AWT), the largest privately owned sewer utility operator in Louisiana. The buyer committed a two-month customer rebate (~$1.5 million total) and plans to invest in sewer infrastructure and expand AWT’s service footprint to additional communities to improve resiliency and service delivery.