Special Project Delivery to Acquire Winner Water Services

Special Project Delivery to Combine with Winner Water Services

September 30, 2026

Manufacturing

Special Project Delivery, Inc. (SPD) entered into a definitive Business Combination Agreement with Winner Water Services Inc., under which Winner will join the National Security Matters platform SPD is assembling with Mobix Labs. The proposed transaction is expected to close in connection with SPD’s combination with Mobix Labs, subject to stockholder, regulatory and other customary conditions.

Fenix Holdco Acquires First Water Inc

August 28, 2026

Environmental Services

Generational Group advised First Water Inc in its sale to Fenix Holdco. The acquisition closed on July 31, 2026. First Water provides emergency water purification and water security solutions for critical infrastructure, hospitals, the military, and government agencies.

Mobix Labs to Acquire Special Project Delivery

August 13, 2026

Infrastructure

Mobix Labs signed a definitive agreement to acquire Special Project Delivery, expanding its national security platform into rare earth elements, critical minerals, energy and strategic U.S. infrastructure. The announcement positions the acquisition as a step toward broader participation in defense and advanced-technology supply chains.

Water Engineering Acquires LDW Water Technologies

July 1, 2025

Environmental Services

Water Engineering, a portfolio company of Nolan Capital, has acquired LDW Water Technologies, a Sicklerville, New Jersey-based provider of industrial water and wastewater treatment solutions. The deal expands Water Engineering's Northeast footprint and wastewater capabilities; LDW's former owner John Drimak will remain with the business as it integrates into the WEI platform.

AquaPhoenix Scientific Acquires Water America LLC

February 10, 2025

IT Services

AquaPhoenix Scientific acquired Water America LLC, a provider of chemical injection equipment for water treatment and related industrial applications. The acquisition is intended to strengthen AquaPhoenix’s ability to deliver water management solutions, including broader technical capabilities and expanded customer service.

The Amlon Group (Heartwood-Backed) Acquires EcoWater Industries (EcoWerks)

February 20, 2024

Environmental Services

The Amlon Group, a Heartwood Partners-backed environmental services platform, has acquired EcoWater Industries (dba EcoWerks), an industrial waste-to-value processor based in Port Arthur, Texas. The acquisition expands Amlon's processing capabilities, permits and capacity—adding wastewater treatment, equipment cleanout, oil recovery services and a permitted non-hazardous TSDF to its footprint.