Environmental Services Acquisitions in Arkansas

Everside Capital Partners announced the closing of an investment in Rumble Pest Solutions, a pest-control services provider with operations in Springdale, Arkansas and Springfield and Jefferson City, Missouri, alongside a Florida-based SBIC sponsor and a North Carolina-based SBIC. Separately, Dubin Clark & Company announced a recapitalization of Rumble; the transaction provides sponsor-backed growth/recapitalization capital to support the company’s next phase of expansion and operations.

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.

Terracon, an employee-owned engineering and environmental consulting firm headquartered in Olathe, Kansas, has acquired Flat Earth Archeology of Cabot, Arkansas. Flat Earth's 11 employees will join Terracon and the business will operate as Flat Earth Archeology, A Terracon Company, expanding Terracon's cultural resources and environmental planning capabilities and strengthening its regional footprint in Arkansas.

Terracon, an employee-owned engineering consulting firm headquartered in Olathe, Kansas, has acquired Harbor Environmental, Inc., a multi-disciplined environmental and engineering services firm based in Little Rock, Arkansas. Harbor's 38 employees will join Terracon as Harbor Environmental, A Terracon Company, expanding Terracon's capabilities and local presence in Arkansas.

FV Recycling, a portfolio company of Jones Capital based in Hattiesburg, Mississippi, has acquired Linn Paper Stock and QLL Equipment in Little Rock, Arkansas. The add-on deal expands FV Recycling's footprint in Arkansas, strengthens its commercial waste equipment division, and adds a local team and service capability in the Little Rock area.

Terracon, an employee-owned engineering consulting firm headquartered in Olathe, Kansas, has acquired Pollution Management Inc. (PMI), an Arkansas-based engineering and environmental services firm with locations in Little Rock and Fayetteville. The acquisition brings PMI's 37 employees into Terracon, expanding Terracon's engineering and in-house construction/remediation capabilities and strengthening its Arkansas operations.

Kinderhook Industries has recapitalized CARDS Recycling, partnering with founder and CEO Dan Christensen and the company's management team to provide growth capital and support expansion. CARDS, headquartered in Springdale, Arkansas, operates municipal, commercial, and industrial solid waste collection and post-collection facilities across Arkansas, Kansas, Missouri, Oklahoma and Texas; financial terms were not disclosed.

Alliance Technical Group, backed by Morgan Stanley Capital Partners, has acquired GBMc & Associates, a multimedia environmental consulting firm based in Bryant, Arkansas. The acquisition expands Alliance’s environmental consulting capabilities and national resources, adding GBMc’s expertise in watershed and land use management, ecological services, and regulatory compliance for industrial and municipal clients.

LRS (Lakeshore Recycling Systems) has acquired Lee's Trash Service, a long‑time independent hauler serving the Arkansas River Valley, to densify its LRS South footprint. The deal brings more than 25,000 subscription and municipal residential customers, commercial disposal and roll‑off capabilities, and a transfer station to support regional expansion; founder Tony Lee will remain with LRS in a senior operations role.

LRS announced the acquisition of Orion Waste Solutions territories across Arkansas, Kansas and Wisconsin and the RAMCO-Alternative Waste Management (AWM) waste and recycling business from Waste Recycling Solutions in the Little Rock, Arkansas MSA. The transactions add 19 municipal contracts, 140 employees, 115 trucks, one C&D landfill and nine facilities, expanding LRS’s geographic footprint and service capabilities in the Midwest and Arkansas.

Chart Industries (NASDAQ: GTLS) completed the acquisition of BlueInGreen, LLC, a water cleantech company specializing in dissolved-gas solutions for water treatment, for $20 million in cash plus a potential earn-out. The purchase expands Chart’s water-treatment and service capabilities by combining Chart’s cryogenic and gas delivery equipment with BlueInGreen’s gas-dissolution technology and TaaS/service offerings to serve municipal and industrial end markets.

Montrose Environmental Group, Inc. has acquired CTEH, a North Little Rock, Arkansas-based scientific consulting firm specializing in emergency preparedness, response and recovery. The deal was financed in partnership with funds managed by Oaktree Capital Management; terms were not disclosed. CTEH has more than 170 employees across multiple U.S. locations and expands Montrose's environmental response and technical capabilities.

TPG Growth has signed a definitive agreement to acquire Denali Water Solutions from the company’s management and The Firmament Group. The deal expands TPG Growth’s presence in specialty organic-waste recycling and environmental services, with Denali expected to pursue further organic and acquisitive growth under TPG’s ownership.

On December 23, 2019 Prairie Capital VI, LP partnered with Rising Point Capital to acquire Fairway Lawns, a Little Rock-based provider of residential lawn treatment and pest control services. The investment backed a buyout of the company’s founders and supported management to accelerate growth through investments in people, sales and marketing, infrastructure, and add-on acquisitions; at the time Fairway served over 40,000 customers from 12 lawn-treatment and 2 pest-control locations across six states.

Blue Point Capital Partners and its Blue Point IV portfolio company, TAS Environmental Services, acquired Frac‑N‑Vac Tanks and Duckwater Services, a regional provider of roll‑off boxes, transportation, washout and wastewater disposal services. These are TAS’s first two add‑on acquisitions since Blue Point acquired the TAS platform in May 2019 and expand TAS’s geographic footprint across Arkansas, Mississippi, Louisiana, Oklahoma and Tennessee.