Environmental Services Acquisitions in Canada

TorQuest Partners has completed a growth investment in Waste Solutions Canada, a tech-enabled managed service provider for waste and recycling headquartered in London, Ontario. The company's co-founders retain substantial ownership and management will remain in place as TorQuest partners with the team to scale the platform organically and via add-on acquisitions.

CAI Capital Partners’ portfolio company DWB Consulting Services Ltd. has merged with Chartwell Resource Group Ltd., creating British Columbia’s leading multidisciplinary consulting firm focused on environmental, engineering and forestry services. The combined organization will have nearly 300 employees (including ~250 technical professionals), maintain existing brands during transition, be led by CEO Cliff Roberts with Kevin Bedford as Executive VP, and used debt financing provided by CIBC.

GEF Capital Partners has completed investments in McMillan-McGee Corp (Mc²) and ORIN Technologies, creating a remediation platform to commercialize solutions for PFAS and other hazardous contaminants in soil and water. The investments will support scaling of thermal, chemical, and biological remediation technologies while expanding treatment options for inorganic metals and VOCs.

Rochester Midland Corporation has acquired Comprehensive Chemical and Water Treatment Inc. (CCWT), a Saskatchewan-based water treatment service provider founded in 2016. The deal expands Rochester Midland's service footprint across Saskatchewan and brings CCWT's monthly testing and tailored water treatment programs into Rochester Midland's route-based specialty chemicals and technical services platform.

Senske Family of Companies (SFC) has acquired Huron Pest Control and will operate the business under its Mosquito Buzz Canada brand. The acquisition expands Senske's Canadian footprint, providing Huron customers access to Mosquito Buzz's mosquito and tick control programs and Senske's broader resources and technology.

Westcap Mgt. Ltd., through a syndicate of Westcap-managed funds including Westcap MBO III Investment LP and Golden Opportunities Fund Inc., completed a growth investment in Inland Steel Products Inc., a family-owned metal recycler headquartered in Saskatoon, Saskatchewan. The capital will accelerate Inland Steel’s expansion plans across Western Canada while enabling the family to remain involved in the business.

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.

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.

The Ontario Home Builders' Association (OHBA) has acquired full ownership of EnerQuality Corporation, a Toronto-based energy-efficiency certification and training organization. OHBA plans to integrate EnerQuality into a new external training hub to expand industry-wide training and certification services for the home construction and renovation sector in Ontario.

Focus Impact Acquisition Corp. shareholders approved a business combination to take DevvStream Holdings Inc. public, creating what the parties describe as the first publicly traded carbon streaming company on a major U.S. exchange. DevvStream, a Vancouver-based carbon credit project co-developer and generator, will access public markets and capital to scale its technology-driven carbon project pipeline.

Rochester Midland Corporation, a Peak Rock-backed provider of route-based technical services and specialty chemical products, has acquired Norkem Inc., Jacklyn Industries Inc., and Solutions Water Management Inc. (the Norkem Group), a Canadian commercial and industrial water treatment services provider based in Ontario. The deal expands Rochester Midland's technical service capabilities and coverage in Canada.

Barr GeoSpatial Solutions (BGS) announced the acquisition of Forsite Consultants, a Canadian forestry and geospatial services firm headquartered in Salmon Arm, British Columbia. Forsite's ownership group took equity in the larger BGS platform, and Forsite will continue to operate independently while gaining access to BGS's LiDAR fleet, analytics and North American market footprint.

Bravo Target Safety, a Calgary-based industrial safety services firm, has acquired EHS Partnerships (EHSp), a Canadian environmental and occupational health & safety services provider. The deal brings EHSp's ~50 professionals into Bravo, expanding Bravo's capabilities in industrial hygiene and hazardous materials services and extending its geographic reach into Ottawa and Winnipeg.

Montrose Environmental Group, Inc. acquired Paragon Soil & Environmental Consulting, Inc., an Edmonton-based environmental consulting firm that provides soils, vegetation and wetlands development and reclamation services across western Canada. Paragon's senior leadership, including President Lee Waterman, will join Montrose’s Consulting and Engineering services in the Remediation and Reuse segment; terms were not disclosed in the press release.

Canstar Restorations LP, a portfolio company of Fulcrum Capital Partners, has acquired Lydale Property Restoration, a fire and flood restoration specialist operating in Alberta and Saskatchewan. The deal expands Canstar's regional footprint and service capabilities, creating a broader one-stop restoration platform across Western Canada.

Pit Stop Portables, a subsidiary of Total Sanitation Services Ltd, has acquired Interior Portable Rentals (IPR), a portable toilet rental and septic services provider based in Kelowna, British Columbia. The acquisition, effective April 1, 2024, expands Pit Stop Portables' service footprint into the Interior/Okanagan (Penticton through Vernon) and transitions IPR's staff and leadership as the owner, Rob Neal, steps away.

Vancouver-based private equity firm CAI Capital Partners has made a platform investment in DWB Consulting Services Ltd., a British Columbia-based multidisciplinary consulting firm providing environmental, forestry and engineering services. Management and employee shareholders retain a meaningful equity stake and founder Dave Bedford will remain involved in an advisory role; debt financing for the transaction was provided by CIBC.

Ovivo Inc., a Montreal-based global water and wastewater treatment equipment and systems provider, has acquired Sherbrooke-based E2metrix Inc., a developer of electrochemical technologies for PFAS destruction. Ovivo had previously made a strategic investment in E2metrix in 2022 and will integrate E2metrix's electrochemical oxidation technology to accelerate commercialization and offer an onsite PFAS destruction solution across municipal and industrial water applications.

Case Facilities Management Solutions and Canada-based Landscape Effects Property Management have completed a merger to form a cross-border exterior facility services platform backed by private equity firm The Halifax Group. The combined company will leverage Case FMS's proprietary technology and LFX's Canadian operations to offer landscaping, snow management and other exterior services across more than 21,000 sites in the U.S. and Canada.

Revolution Sustainable Solutions (Revolution), a U.S.-based recycling and sustainable plastics manufacturer, has acquired PolyAg Recycling Ltd., a mechanical agricultural film recycler based in Bashaw, Alberta, Canada. The acquisition expands Revolution's recycling capacity and North American footprint for agricultural film circular solutions, while PolyAg's operations and employees are expected to continue under Revolution's ownership.

Quantum Lifecycle Partners LP has acquired Paragon Bay Group Inc., a North Bay, Ontario specialist in testing, in‑warranty repair, asset recovery and forward/reverse logistics for electronics OEMs. Sixty Paragon Bay employees join Quantum as the deal expands Quantum's repair, 3PL logistics and IT device maintenance capabilities across Canada.

Toronto-based private equity firm Alphi Capital completed a recapitalization of Da-Lee Group, a Stoney Creek, Ontario infrastructure and environmental services provider, in partnership with founding family members David Rogers and Lee-Ann Lochhead. The transaction was supported by Bulldog Capital Partners Inc. and is intended to provide founder liquidity while funding Da-Lee’s organic growth and buy-and-build expansion across dust control, de-icing, pavement repair and waste management services.

Ember Infrastructure Management, with co-investors Investissement Québec (IQ), Caisse de dépôt et placement du Québec (CDPQ), Ontario Power Generation Inc. Pension Fund (OPG) and H2O Innovation management, acquired H2O Innovation for C$395 million (C$4.25 per share) in a take-private transaction. The transaction is intended to support H2O Innovation's growth strategy — including acquisition-driven expansion — while maintaining the company's Quebec headquarters and workforce of nearly 1,100 employees.

Total Sanitation Services, a portfolio company of Trivest Partners, has acquired Pit Stop Portables, a leading provider of portable sanitation solutions in Western Canada headquartered in Vancouver, British Columbia. Pit Stop will retain its brand and management (with Rob Mitchell continuing to lead Western Canada operations) while leveraging Total Sanitation Services' scale and Trivest's capital to expand footprint and pursue additional add-on acquisitions.

Hillcore Group has completed the acquisition of Calgary-based Whitewater Management Ltd. and its majority-owned subsidiary Catalyst Production Systems. Whitewater is a fluid management and environmental remediation services provider with five locations and over 200 employees; Hillcore is a Canadian investment firm that will operate the business within its portfolio.

Yellow Point Equity Partners V LP completed a minority growth investment in Alpine Building Maintenance Inc., a Delta, British Columbia–based commercial cleaning and facilities maintenance provider. The capital will support Alpine's service capabilities and growth while keeping the existing management team, including CEO Harj Johal, in place.

Metro Compactor Service has acquired Miller Waste Solutions Group (formerly WSG), the service-and-manufacturing division of Miller Waste Systems, to expand its waste- and recycling-equipment capabilities in Ontario. The deal increases Metro's fleet and technician capacity to better serve multi-residential, commercial and construction customers across the province.

Montrose Environmental Group (NYSE: MEG) has acquired GreenPath Energy Ltd., a Calgary-based optical gas imaging and fugitive emissions management services firm. GreenPath's leadership will join Montrose's Measurement and Analysis segment to scale technical and operational capabilities and broaden Montrose's service offering to oil and gas clients across North America; terms were not disclosed.

Montrose Environmental Group entered into an arrangement agreement to acquire all of the issued and outstanding shares of Matrix Solutions Inc., a leading Canadian environmental and engineering consulting firm. The acquisition will establish Montrose's consulting platform in Canada and expand its ability to serve clients across environmental engineering and services; the deal is expected to close in Q2 2023 and terms were not disclosed.

TerraNova Partners LP made a growth investment in LUMINOR Environmental Inc., a Guelph-based manufacturer of UV water disinfection systems, on April 6, 2023. The founder, Myron Lupal, will remain a shareholder and strategic advisor while management, led by President & CEO Brock Lupal, will continue to run the business as TerraNova supports growth, innovation and balance-sheet strengthening.

Recycle Track Systems, Inc. (RTS) has acquired RecycleSmart Solutions, Inc., Canada's largest independent provider of smart waste diversion and recycling management technology, including the Pello IoT sensor platform. The acquisition expands RTS's footprint into Canada and broadens its IoT- and data-driven waste management product portfolio and recurring service offerings.

BlackRock Alternatives, through its Diversified Infrastructure business, has acquired a majority interest in Environmental 360 Solutions Inc. (E360S). The founder and CEO Donato (Danny) Ardellini will remain in his leadership role and retain a significant ownership stake; the investment will provide capital and strategic support to scale E360S's waste, recycling and environmental services across Canada.

Copley Equity Partners made a minority growth investment in Triton Environmental Consultants, with existing shareholders retaining significant ownership and management control; financial terms were not disclosed. The capital will support Triton's continued growth across Canada, planned expansion into the United States, and inorganic growth through acquisitions.

ClimeCo, a global sustainability advisory firm, acquired 3GreenTree Ecosystem Service Ltd to deepen its nature-based solutions and forest carbon removal capabilities. The acquisition brings 3GreenTree’s project development and carbon modeling expertise into ClimeCo’s project development team to accelerate turnkey removal projects and expand service offerings across new ecosystems and markets.

Global consulting firm J.S. Held has acquired Calgary-based Frostbyte Consulting to expand its Environmental, Health & Safety (EHS), ESG and sustainability advisory and technology capabilities. Frostbyte — founded and led by Steven Andersen — brings EHS/ESG advisory, regulatory compliance, and EMIS/software implementation expertise to J.S. Held’s EHS practice.

Fengate Private Equity, on behalf of the LiUNA Pension Fund of Central and Eastern Canada, completed a strategic minority equity investment in Inflector Environmental Services. The capital will support Inflector's organic growth and M&A pipeline as the company expands its hazardous material abatement and remediation services across Canada; Inflector's management and existing shareholders retain majority ownership.

Schill Grounds Management has acquired TLC Landscaping (London, Ontario) — its first international acquisition — to expand into the Greater Toronto Area, and separately purchased Grounds Elite, LLC in Cincinnati to deepen its southwest Ohio footprint. TLC will continue operating under its name with its leadership joining Schill's Canada operations; the deals are part of Schill's ongoing roll-up strategy (Schill is a platform backed by Argonne Capital Group) and bring the combined team to roughly 775 employees.

Anthesis Group has acquired Provision Coalition Inc., a Guelph, Ontario-based consultancy specializing in sustainability for the agri-food and food & beverage sectors. The deal expands Anthesis' North American food and regenerative agriculture capabilities and integrates Provision's training and software solutions into Anthesis' global food team.

Gradiant, a Boston-based cleantech water solutions provider, has acquired Canadian AI water technology company Synauta to accelerate deployment of digital twin and machine-learning capabilities in industrial and municipal water treatment. The deal, announced May 17, 2022, strengthens Gradiant's end-to-end digital offering for desalination, reuse and wastewater operations and is expected to close in Q2 2022.

Generate Capital, PBC launched a new circular-economy platform called Generate Upcycle and acquired Ontario-based StormFisher Environmental Services Ltd., integrating StormFisher's organics business and development team into the platform. The deal expands Generate's waste-to-value capabilities across anaerobic digestion, composting and biogas/RNG development to better serve municipalities, food processors and retailers in North America.

York1 has acquired United Environmental Holdings Inc., a Toronto-based solid waste service provider that operates three waste processing facilities and a roll-off collection fleet serving the Toronto and Durham regions. The deal expands York1's Ontario processing footprint to 10 facilities and enables the company to internalize more collection volume, enhance landfill diversion capabilities, and capture operational synergies.

Kensington Capital Partners completed a CAD 4.5 million strategic growth investment in Toronto-based Minus Global to accelerate deployment of its ORCA Digester food-waste recycling technology. The investment will help Minus Global expand its market reach in Canada; Tom Kennedy of Kensington joined Minus Global’s board as part of the transaction.

Keystone Capital Management, L.P. has entered into an investment partnership with Canadian environmental consulting firm Pinchin Ltd. and U.S.-based PM Environmental, LLC to combine capabilities and expand geographic reach across North America. Terms were not disclosed; the deal creates a PE-backed platform aimed at accelerating add-on acquisitions, capability expansion, and broader service coverage for corporate real estate, developers and government clients.

Quantum Lifecycle Partners LP, a Canadian IT asset disposition (ITAD) and e-waste recycling provider, has acquired REfficient (Hamilton, ON) and TechReset (Mississauga, ON) to expand its reuse, refurbishment and recycling capabilities across North and Latin America. The acquisitions add telecom-focused reuse services and a strong North American ITAD footprint, with both founders remaining in leadership roles at Quantum.

ERM has acquired Stratos Inc., a Canada-based sustainability and ESG advisory firm founded in 2000 in Ottawa. The deal adds more than 30 Canada-based sustainability practitioners to ERM and strengthens ERM's sustainability and climate-change advisory capabilities and presence in Canada, including expertise in Indigenous partnership and stakeholder engagement.

Environmental Risk Information Services (ERIS), a division of Glacier Media, has acquired LGI Copy Service Canada to strengthen ERIS' Canadian operations and expand its historical and current environmental data offerings. The deal integrates LGI's city directories and historical aerial photographs into ERIS' platforms to improve property due diligence products and nationwide scale.

Environmental 360 Solutions Ltd. (E360S), a PE-backed environmental services operator based in Aurora, Ontario, has acquired Le Géant du Conteneur, a Châteauguay, Quebec–based provider of solid non-hazardous and construction waste management. The acquisition expands E360S's footprint into the Montreal market and adds material-recovery and construction-waste diversion capabilities that complement its existing Quebec operations.

RST / Measurand, a portfolio company of Vance Street Capital, has acquired 3vGeomatics to integrate the company's InSAR satellite-based displacement monitoring with RST / Measurand's ground instrumentation and cloud data systems. The deal expands the combined firm's global geotechnical monitoring capabilities and creates an end-to-end monitoring and analytics offering for industries such as mining, pipelines and infrastructure.

Routeware Global, a provider of integrated software solutions for the solid waste and fleet industries, has acquired ReCollect Systems, a Vancouver-based provider of digital communication and citizen engagement tools for recycling. The acquisition expands Routeware's product suite to include ReCollect's mobile apps and online tools, enabling enhanced customer communication, education, and contamination-reduction capabilities for municipalities and private haulers.

GFL Environmental Inc. entered into a definitive agreement to acquire the solid waste and environmental solutions business of Terrapure Environmental Ltd. and its subsidiaries for an aggregate purchase price of C$927.5 million (excluding Terrapure's battery recycling business). The acquired operations serve more than 7,000 customers across Canada, operate an integrated network of assets (including the Stoney Creek landfill), generated ~C$365 million of revenue in 2020 and employ approximately 1,600 people; GFL expects meaningful synergies and expanded regional capabilities.