Environmental Services Acquisitions in 2018

Gold Medal Group, a portfolio company of Kinderhook Industries, has acquired Apple Valley Waste Services (AVW) from Summer Street Capital Partners, with BioHiTech Global joining as a minority partner. AVW, based in Kearneysville, West Virginia, is a regional provider of municipal, commercial and roll‑off solid waste collection, transfer and recycling services; terms were not disclosed.

US Ecology, Inc. acquired Ecoserv Industrial Disposal, LLC (the IDF), a non-hazardous industrial wastewater disposal business located in Winnie, Texas, from Ecoserv, LLC (majority owned by Lariat Partners). The transaction expands US Ecology’s Gulf Coast disposal capabilities, adding commercial caprock deep‑well injection capacity for difficult-to-treat Class 1 and 2 non-hazardous industrial waste streams.

TerraNova Partners LP has acquired York Analytical Laboratories, Inc., a regional environmental testing laboratory serving the NY/NJ/CT tri-state area. The private equity firm said the investment will provide financial and operational resources to accelerate growth, expand service offerings and support existing client relationships.

Ovivo Inc. has acquired the business of FilterBoxx Water & Environmental Corp., a Calgary-based provider of modular and mobile water and wastewater treatment solutions. Ovivo will operate the business as FilterBoxx Inc., aiming to expand its industrial footprint in North America and grow recurring revenues through FilterBoxx’s rental, turnkey installation and plant operations capabilities.

TAS Environmental Services, a Fort Worth-based portfolio company of TEAM Partners, completed add-on acquisitions of Texas-based Donovan Industrial Service, LLC and ROTAP, LLC, both headquartered in Orange, Texas. The deals expand TAS's Gulf Coast presence and capabilities in industrial cleaning, spill response, transportation and roll-off box rental; financial terms were not disclosed.

Milestone Partners, a private equity firm based in Radnor, Pennsylvania, led the acquisition of RedZone Robotics, Inc., a provider of robotic inspection, sensing and asset-management software for wastewater pipeline systems. The company was acquired from a group of private shareholders including ABS Capital Partners; Monroe Capital provided a senior credit facility to support the transaction.

O2 Investment Partners has invested in 1 Priority Environmental Services, a Fort Worth–headquartered asbestos abatement and environmental remediation company, acquiring a majority interest (terms not disclosed). O2 will partner with management to expand the business geographically and build the platform, with Deerpath Capital Management and Green Bank providing debt financing.

Charterhouse Capital Partners has agreed to invest in SLR Consulting, a global environmental and advisory consultancy, in a deal implemented via a court-approved scheme of arrangement expected to complete by mid‑2018. As part of the transaction 3i will fully exit its holding while SLR management and employees retain a substantial equity stake; Charterhouse’s investment will support SLR’s organic growth and acquisitive consolidation of the fragmented environmental consultancy market.

Webb Chemical Service Corporation has acquired Trace Analytical Laboratories, Inc., an environmental testing lab based in Muskegon, Michigan, from co-owners Bill Schroeder and Bruce Pelletier. The acquisition gives Webb Chemical in-house laboratory capabilities to support its chemical distribution and related services; Calder Capital served as exclusive M&A advisor to Trace Analytical Laboratories.