Environmental Services Acquisitions in 2024

Mariani Premier Group has acquired Liliput, a Culver City–based landscaping firm founded in 2003, marking the group's first entry into California and the 25th company to join its platform. Liliput specializes in residential landscape services across Los Angeles County (including Beverly Hills, Bel Air and Santa Monica) and will operate as part of Mariani's national outdoor living platform.

Growable Ventures, led by Solomon Airhart and Jordan Agee, has acquired Denver-based Obex Pest Defense, a residential pest control company founded by Sean Licalzi in 2020. The buyers plan to scale Obex across Colorado, leveraging their experience from Aruza Pest Control to grow Obex into a leading residential pest control brand in the state.

Senske Family of Companies (SFC) has acquired two Nutri-Lawn franchise operations: Nutri-Lawn Mississauga and Nutri-Lawn Fredericton. The transactions expand SFC's Canadian footprint and integrate the Mississauga operation into Nutri-Lawn's Toronto corporate team and the Fredericton location as a satellite of Nutri-Lawn's Halifax team.

Neuberger Berman Capital Solutions (NBCS) has acquired a significant minority stake in Yellowstone Landscape, Inc., with funds managed by Harvest Partners retaining majority ownership. Harvest Partners SCF, Harvest's non-control investment strategy, also invested alongside NBCS; terms were not disclosed. The capital infusion is intended to support Yellowstone's continued growth and execution across its commercial landscaping services.

LawnPRO Partners, a residential lawn care platform backed by HCI Equity Partners, has acquired Meehan's Lawn Service, a Brook Park, Ohio–based residential lawn and pest services provider founded in 1993. The Meehans (Tim and Deanna) will remain with the business; the acquisition is LawnPRO's ninth and strengthens its footprint in the Cleveland / Northeast Ohio market. Financial terms were not disclosed.

CERTUS Pest has acquired the Las Vegas branch of Green Wave Pest Solutions and will integrate it into its Las Vegas Pest Control (LVPC) brand. The deal strengthens CERTUS' presence in the Las Vegas market and gives Green Wave customers access to CERTUS' broader service offering, including termite control and prevention.

Landscape Workshop, a Birmingham-based commercial grounds management platform backed by Carousel Capital and McKinney Capital, has acquired Servello & Son, Inc., a family-owned landscaping business in Orlando, Florida. The acquisition expands Landscape Workshop's footprint into the Orlando market and brings the Servello founders into the company as part of the integration.

True Environmental, a Halle Capital-backed environmental services platform, has acquired GKY & Associates, a Virginia-based water resources engineering and environmental consulting firm. The deal brings GKY's team and capabilities onto the True platform to accelerate growth, broaden service offerings, and facilitate an ownership transition for GKY's owners.

VLS Environmental Solutions has acquired Clearfield MMG, a Chesapeake, Virginia–based waste treatment and remediation services provider that operates three facilities in Chesapeake, Petersburg and Suffolk. The deal expands VLS's geographic footprint and capabilities in the mid-Atlantic by adding Clearfield's waste processing, transportation and field services expertise.

Reworld (formerly Covanta), a Morristown, New Jersey-based sustainable waste solutions provider, has acquired EnviroVac Waste Transport Systems, an Illinois-based hazardous and non-hazardous waste transportation company with operations in Jacksonville, Illinois and Arkadelphia, Arkansas. The purchase adds a fleet of over 25 drivers and nearly 100 specialized transport assets, expanding Reworld's regional footprint and enhancing its ReDirect360 and ReMove waste logistics and processing capabilities.

BMS CAT, a division of Blackmon Mooring, has acquired Legacy Services Corp., a Minneapolis-based restoration and environmental cleaning company. The deal expands BMS CAT's commercial and residential restoration and HVAC/cooling-tower cleaning capabilities in the Upper Midwest and is the company's 12th acquisition in the past four years.

Quantum Lifecycle Partners has acquired DCR Systems Group Inc., an IT asset management and disposition provider based in Richmond Hill, Ontario. The deal expands Quantum's end-to-end electronics lifecycle services — including deployment, rental, repair, asset disposition and recycling — and increases the combined company's Canadian footprint and capabilities.

Comvest Private Equity has completed a recapitalization of Bland Landscaping, a regional commercial landscaping services provider headquartered in Apex, North Carolina. Prospect Partners has exited its investment; Bland will continue to be led by CEO Kurt Bland and CFO/COO Matt Bland as Comvest supports further organic and acquisitive growth.

Global investment firm Carlyle has agreed to acquire a majority stake in Australian waste management company Waste Services Group (WSG) from Livingbridge, which will retain a significant minority and reinvest. WSG operates in the commercial and industrial waste and liquid waste segments, serving over 10,000 customers and employing over 600 people; Carlyle plans to support geographic expansion and broaden WSG’s service offering across Australia.

Atlantic OBX, Inc. acquired McCall Environmental Inc., which does business as Site Services, a dumpster rental and waste-hauling operator in the Outer Banks. The deal, which closed December 6, 2024, was led by Lakeside Acquisitions on behalf of Site Services and will expand Atlantic OBX's waste offerings and geographic density across eastern North Carolina and into Virginia; financial terms were not disclosed.

Align Capital Partners (ACP) has acquired MKB Company, a U.S. manufacturer of erosion control, pollution prevention and stormwater management products. MKB operates 17 facilities across 14 states with over 220 employees; ACP plans to support national expansion and pursue continued M&A to grow the platform.

Indicor, LLC announced the acquisition of UK-based Aquam Water Services Ltd and US-based Orbis Intelligent Systems Inc to expand its water technologies and smart water-monitoring capabilities. The deal brings advanced leak-detection, remote monitoring sensors and analytics into Indicor's portfolio to strengthen its sustainable water infrastructure offerings.

Chartwell Investments' CHIEF Capital has led a growth investment in World Water Works (WWW), with Backcast Partners and Source Capital joining as capital partners to fund the company's expansion and innovation initiatives. World Water Works, a U.S.-based provider of water and wastewater treatment systems and services headquartered in Oklahoma City, will use the capital to accelerate growth, develop new solutions for industrial and municipal clients, and solidify its market-leading position.

Summa Equity, through its portfolio company NG Group, has completed the acquisition of Fortum Recycling & Waste from Fortum Corporation for approximately EUR 800 million on a debt- and cash-free basis. The deal combines Fortum's recycling and waste business (≈900 employees) with NG Group to create a Nordic circular-economy leader with combined revenues of about EUR 1.2 billion, ~3,500 employees and expanded hazardous-waste and recycling capabilities.

Mazza Recycling Services, a Tinton Falls, New Jersey-based hauler and recycler, has acquired Bull Waste & Recycling of Berlin, New Jersey from the Mount Group. The acquisition expands Mazza's roll-off container and C&D hauling capabilities and extends its service footprint across additional South Jersey counties.

St. Louis-based 4M Building Solutions, backed by O2 Investment Partners, has acquired Hendersonville, Tennessee-based Covenant Building Service, a commercial janitorial provider serving the Nashville area. The add-on strengthens 4M’s presence in the Nashville market and integrates Covenant’s 55-account portfolio and operations into 4M’s platform; financial terms were not disclosed.

Funds managed by Castik Capital S.à r.l. have agreed to acquire a majority stake in WATR Group from funds advised by Borromin Capital. WATR Group’s CEO Steffen Saur and the executive team will remain and invest alongside Castik as the company pursues capacity expansion, capability development in water treatment services and potential geographic growth in Germany and the Netherlands.

Jones Lake Management, a Cincinnati-based provider of pond and lake management services, announced a partnership to add Aquatic Management, a pond and lake management business headquartered in Bluffton, Indiana, expanding Jones Lake's coverage in Northeast Indiana. The deal deepens regional coverage and complements Jones Lake's existing services; Fort Point Capital is referenced as the private equity partner backing Jones Lake's roll-up strategy.

TIGRIS Aquatic Services, a portfolio company of Plexus Capital, has acquired American Ecosystems, Inc., a Florida-based provider of aquatic vegetation management with locations in Largo and Odessa. The acquisition expands TIGRIS's footprint in the Tampa Bay area and adds local field operations and expertise in nuisance aquatic vegetation control to its stormwater and surface-water services platform.

Funds managed by Ember Infrastructure have made a growth investment in Advanced Recycling Technologies Holdings, LLC (ART) to scale ART’s distributed metals recovery and recycling platform. The capital will support expansion of ART’s fleet of onsite metals recovery systems—already operating in the Mid-Atlantic, Michigan, and Massachusetts—and accelerate commercialization with upstream waste and WTE partners.

RMA Companies (a portfolio company of OceanSound Partners) has acquired HydroGEOPHYSICS, Inc. (HGI), a Tucson-based geophysical consulting firm. The transaction expands RMA's Subsurface Imaging Division by adding HGI's advanced 2D/3D/4D geophysical capabilities to support mining, environmental remediation, dam/waterway, and energy projects.

Jones Lake Management, a Fort Point Capital‑backed provider of pond and lake management services, has partnered with/acquired Ponds Beautiful, a Medina, Ohio pond and lake services business owned by Joe Hinderman. The deal expands Jones Lake's Northern Ohio coverage and brings Ponds Beautiful's recurring treatment, algae and aquatic weed management, fish stocking and aeration customers into Jones Lake's platform.

Certus Pest has acquired Aardvark Ant & Pest Control, a San Diego County pest-control company, and will operate the business under the Purcor Pest Solutions brand. The acquisition expands Certus' footprint in Southern California and gives Aardvark customers access to additional services such as termite control and prevention.

Verdantas, a Tampa-based environmental and engineering consulting firm backed by Sterling Investment Partners, has acquired Groundwater Sciences Corporation (GSC). The acquisition expands Verdantas' groundwater, hydrogeology and remediation capabilities and strengthens its local presence in Pennsylvania and New York to better connect its MidAtlantic and New England operations.

Garnett Station Partners, a New York-based private investment firm, has made a strategic growth investment in Bristol Environmental, a Bristol, Pennsylvania-based provider of environmental remediation, abatement, selective demolition, and disaster recovery services. The capital will support Bristol's expansion of talent, infrastructure, and technology as the firm scales its operations across its five branch locations.

U.S. Compliance, a Susquehanna Growth Equity-backed EHS platform, has acquired Hellman & Associates, Inc., a Denver-area environmental, health and safety (EHS) consulting firm. The add-on expands U.S. Compliance’s Compliance-as-a-Service footprint into the Colorado/Rocky Mountain market; terms were not disclosed.

Longevity Partners, a London-based sustainability consultancy for real estate and infrastructure, has secured a strategic investment from Leon Capital and Nuveen's Private Equity Impact team. Long Harbour sold its stake in the business; the investment will be used to accelerate Longevity Partners' global growth and expand its sustainability capabilities across the built environment.

Cards Holdings LLC of Fayetteville, Arkansas has acquired Ken's Trash Service of Tahlequah, Oklahoma as part of its ongoing roll-up of regional waste providers. The purchase expands Cards' residential and commercial collection footprint in northeast Oklahoma and adds route/customer density to its network of waste services.

Obsequio Group, the compliance services platform backed by Beech Tree Private Equity, has acquired Metro Safety Group and Dakro Air & Water to expand its service offering and national coverage across the UK. The add-on deals broaden Obsequio's capabilities in fire safety, water and air quality compliance and strengthen its presence in healthcare, housing association, facilities management and industrial end markets.

SGS North America has acquired Beta Analytic, a Miami-based laboratory specializing in Carbon-14 age dating and biobased/biogenic product validation. The acquisition expands SGS's radiochemistry and environmental testing capabilities to better support sustainability validation across multiple industries in North America.

CVC DIF (via DIF Infrastructure VII) has agreed to acquire a 49.9% stake in ECO, a leading hazardous waste management company in Singapore, with Séché Environnement retaining a 50.1% majority. The investment — CVC DIF's first in Asia — will partner CVC DIF's infrastructure expertise with Séché's operational experience to support ECO's growth across Southeast Asia.

Environmental Science U.S. LLC (Envu) has completed the acquisition of FMC Corporation’s Global Specialty Solutions (GSS) business. FMC will remain a contracted supplier for key products and plans to allocate proceeds from the divestiture to reduce debt as it sharpens focus on its core crop protection business.

Ecolab has acquired Barclay Water Management, a Newton, Massachusetts-based provider of water safety and digital monitoring solutions, including the proprietary iChlor Monochloramine System. The acquisition (closed November 1, 2024) establishes a new growth platform integrated with Ecolab’s ECOLAB3D digital monitoring capabilities; Barclay reported approximately $50 million in sales for 2023.

Insurcomm, a national disaster restoration and construction services provider, has acquired Theraclean Restoration, a New Jersey-based property restoration specialist headquartered in Southampton, NJ. The deal expands Insurcomm’s footprint in the mid-Atlantic region and broadens its restoration capabilities for both commercial and residential customers.

Mariani Premier Group has acquired three Arizona landscaping firms — Desert Foothills Landscape, HMI Commercial Landscape, and Benhart Landscaping — expanding the platform's presence in the Greater Phoenix market. The three companies, collectively employing over 200 professionals, add landscape design, installation, maintenance and in-house nursery capabilities to Mariani's national outdoor living platform.

Community Tree Service, a Hastings Equity Partners-backed vegetation management platform, has acquired Southwest Contracting & Associates, a Capitan, New Mexico-based tree thinning and trimming provider. The acquisition expands CTS's operations into the Southwestern U.S. and diversifies its customer base with additional state and federal agency relationships.

Houston-based Ethoscapes acquired Champions Hydro-Lawn in 2023. Champions, a nearly 50-year provider of erosion control, turf maintenance and stormwater infrastructure services with 150+ employees, will continue local operations and expand capabilities under Ethoscapes' ownership.

Norway-based Tomra Systems ASA has acquired an 80% stake in Germany-based digital waste management solutions provider C-Trace GmbH, with an option to purchase the remaining 20% from the founders after two years. The acquisition expands Tomra's digitalization capabilities across the recycling value chain and aims to accelerate C-Trace's international growth using Tomra's global footprint; C-Trace employs about 120 people and generates roughly 80% of its sales in Germany.

Sage Sustainable Electronics, a portfolio company majority‑owned by Closed Loop Partners, has acquired Relectro, a national electronics repair, refurbishment and logistics provider. The add-on acquisition — backed by a follow-on investment from Closed Loop Partners' buyout group — expands Sage's ITAD platform with depot repair capabilities from Relectro's 40,000 sq. ft. Telford, Pennsylvania facility and its capacity to repair >25,000 devices annually.

Omnex Engineering and Management, an Ann Arbor, Michigan-based consulting and certification firm, acquired Futurepast, Inc., a greenhouse gas (GHG) consulting, training, and verification firm headquartered in Arlington, Virginia. Futurepast will be integrated into Omnex's Secure, Safe, and Sustain (Omnex S3) business unit with John Shideler named Managing Director of Sustainability Services to expand Omnex's GHG, verification, training, and Net Zero capabilities.

Landscape Workshop (backed by Carousel Capital and McKinney Capital) has acquired All Around Landscaping, a Northwest Arkansas landscaping company based in Springdale, AR. The founder-owner Jo Lynn Steenbergen will remain involved to support a smooth transition as Landscape Workshop expands its commercial grounds-management footprint into the Springdale / Northwest Arkansas market.

Brookside Capital Partners has invested in SWAT Environmental, partnering with Mason Wells to provide subordinated debt to accelerate the company's growth and market expansion. SWAT Environmental, founded in 1988, is the largest radon mitigation services firm in the United States and serves customers across more than 30 states.

Focal Pointe has acquired Messenger's Lawn & Landscape, a Stilwell, Kansas-based landscape and irrigation firm. The acquisition folds Messenger's into Focal Pointe's Kansas City operation, doubles Focal Pointe's footprint in the Kansas City market and brings additional capability to service large, complex sites.

Riverview Companies has acquired Poughkeepsie-based LCS Landscapes, a commercial landscape and snow maintenance provider serving New York's mid-Hudson region and Westchester County, via merger. LCS's majority owner Daniel Lepore and General Manager Bruce Peterson will become co-owners in Riverview and remain in management; the deal expands Riverview's geographic footprint and is its eleventh acquisition in the past 24 months.

Kava Equity Partners, the direct private equity arm of the Southern Ute Indian Tribe Growth Fund, has acquired Arrowhead Contracting, an environmental remediation and general contracting firm headquartered in Overland Park, Kansas. Arrowhead — founded in 1990 — will retain its existing management team and will leverage Kava and the Growth Fund's resources to expand its federal and commercial remediation and construction capabilities.