Tracked deals
14
14 tracked deals across 2020-2026.
Environmental Services Buyers & Acquisitions in Minnesota
Buyer mix
Strategic-led
13 strategic · 6 pe
Top trend
Volume peaked in 2025
3 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Minnesota-focused deals emphasize capability add-ons across waste collection, recycling, hazardous/non-hazardous waste, restoration, and EHS consulting.
- Several buyers are repeat acquirers or platform operators, including LRS, Greenix Pest Control, and BMS CAT (a division of Blackmon Mooring).
- Organics and renewable fuel themes appear through Vanguard Renewables’ acquisition of E-Z Recycling for depackaging and added processing capacity supporting anaerobic digestion and RNG.
- Compliance and advisory services also feature, such as U.S. Compliance’ acquisition of OSHA/Environmental Compliance Systems (OECS).
| Recurring buyer (examples) | Deal pattern in Minnesota |
|---|---|
| LRS | Expands footprint via municipal and commercial waste/recycling acquisitions |
| Greenix Pest Control | Gains service territory through operational acquisitions |
| GFL Environmental Services | Builds out hazardous/non-hazardous waste capabilities with add-ons |
| U.S. Compliance | Adds local consulting capacity to a broader compliance platform |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| LRS | 2 | Independent waste diversion, recycling and portable servi... | Strategic |
| Apollo Global Management | 1 | Global alternative investment manager investing across pr... | PE |
| BC Partners | 1 | International private equity firm focused on buyouts and ... | PE |
| BELFOR Franchise Group | 1 | Franchisor of residential and commercial services brands ... | Strategic |
| BMS CAT | 1 | Provider of disaster recovery, restoration and reconstruc... | Strategic |
| Blackmon Mooring | 1 | Parent company of BMS CAT; long-established national rest... | Strategic |
| BrightView Holdings, Inc. | 1 | Largest provider of commercial landscaping services in th... | Strategic |
| GFL Environmental Services | 1 | North American diversified environmental services operato... | Strategic (PE-backed) |
| GZA GeoEnvironmental, Inc. | 1 | Multi-disciplinary engineering and consulting firm provid... | Strategic |
| Greenix Pest Control | 1 | National pest control provider offering eco-friendly resi... | Strategic (PE-backed) |
Acquisition Volume in Environmental Services in Minnesota by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- LJP Waste Solutions
- Target
- United Liquid Waste Recycling, United Grease, United Logistics, United Septic and Drain
- Seller
- Robert Tracy Jr., Jason Tracy
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
LJP Waste Solutions has announced its acquisition of United Liquid Waste Recycling and related businesses (United Grease, United Logistics, and United Septic and Drain), collectively ULWR. The deal is intended to expand LJP’s capabilities and grow its geographic footprint, particularly to support expansion in the Wisconsin and Illinois markets. ULWR founders Robert Tracy Jr. and Jason Tracy will continue to run the ULWR business post-acquisition.
-
February 19, 2026
- Buyer
- Vanguard Renewables
- Target
- E-Z Recycling
- Seller
- Andy Rausch
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Addon
Vanguard Renewables acquired E-Z Recycling, a St. Paul, Minnesota depackaging and food & beverage waste recycling facility, to expand Vanguard’s Midwest organics recycling network. The deal adds critical depackaging capabilities and more processing capacity to Vanguard’s anaerobic digestion and renewable natural gas (RNG) operations.
-
- Buyer
- Greenix Pest Control, Riata Capital Group
- Target
- Rove Pest Control
- Seller
- Rove Pest Control, Rob Greer
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Addon
Greenix Pest Control (a Riata Capital Group portfolio company) has acquired Rove Pest Control's operations in multiple northern U.S. markets, including Madison, Wisconsin, and additional operations in Minnesota, Michigan and Massachusetts. The deal expands Greenix's footprint to 19 states and over 250,000 households served, while allowing Rove to focus on growth in its remaining markets.
-
- Buyer
- GFL Environmental Services, Apollo Global Management, BC Partners
- Target
- OSI Environmental
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Addon
GFL Environmental Services, the newly spun-off environmental services division controlled by Apollo Global Management and BC Partners, has acquired OSI Environmental, a Minnesota-based hazardous and non-hazardous waste services provider. The add-on expands GFL Environmental Services' footprint across the Midwest and adds capabilities such as used-oil recycling, roll-off services and emergency spill response to its platform.
-
- Buyer
- U.S. Compliance, Susquehanna Growth Equity
- Target
- OSHA/Environmental Compliance Systems (OECS)
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Addon
U.S. Compliance, a national EHS provider and platform backed by Susquehanna Growth Equity, has acquired OSHA/Environmental Compliance Systems (OECS), a St. Louis Park, Minnesota-based EHS consulting firm. The add-on expands U.S. Compliance's presence and service density in the Upper Midwest; terms were not disclosed and Troutman Pepper and Hennepin Partners served as advisors.
-
December 12, 2024
- Buyer
- BMS CAT, Blackmon Mooring
- Target
- Legacy Services Corp.
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
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.
-
September 27, 2023
- Buyer
- Susquehanna Private Capital
- Target
- U.S. Compliance
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
Susquehanna Private Capital (SPC) announced a minority/majority investment in U.S. Compliance, an environmental, health and safety (EHS) compliance management provider, to accelerate the company's growth and scale its Compliance-as-a-Service (CaaS) offerings across North America. Terms were not disclosed; Hennepin Partners served as exclusive financial advisor to U.S. Compliance and Troutman Pepper advised Susquehanna Private Capital.
-
January 24, 2023
- Buyer
- LRS
- Target
- J&J Rubbish Service Inc.
- Seller
- Serva-Patzner family (owners of J&J Rubbish Service Inc.)
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
LRS, a leading independent waste and recycling services provider, acquired family-owned J&J Rubbish Service Inc., adding approximately 15,000 residential and 1,000 commercial customers and bridging LRS' Minnesota and Wisconsin operations. All J&J employees will continue with LRS as the company integrates the Winona business to increase density and scale in its core northern Midwest markets.
-
October 6, 2022
- Buyer
- Macquarie Group (Commodities & Global Markets / Global Carbon)
- Target
- EP Carbon (Ecological Carbon Offset Partners LLC)
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Growth capital
Macquarie's Commodities & Global Markets division, through its Global Carbon business, has made a growth investment in EP Carbon, a US-based consultancy that designs and advises on nature-based carbon offset projects. EP Carbon will use the proceeds to develop its technology suite, hire and train technical staff and fund a new service plan, while Macquarie and Global Carbon will help establish a pipeline of high-quality offset projects.
-
September 19, 2022
- Buyer
- Nonantum Capital Partners
- Target
- LJP Waste Solutions
- Seller
- Aperion Management
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
Boston-based private equity firm Nonantum Capital Partners has acquired LJP Waste Solutions, a regional provider of non-hazardous solid waste, recycling and waste-to-energy services, from Aperion Management. Nonantum said it will partner with LJP's management to expand zero-landfill and traditional waste services and pursue complementary add-on acquisitions across the Midwest.
-
April 5, 2022
- Buyer
- LRS
- Target
- Sunshine Sanitation
- Seller
- Tory Keefe (founder/owner of Sunshine Sanitation)
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
LRS (LRS Companies), a Rosemont, Illinois–based waste diversion and recycling provider, has acquired Sunshine Sanitation, a Rochester, Minnesota–area provider of municipal solid waste (MSW) collection, commercial recycling, roll-off and transfer station services. The deal expands LRS’s Minnesota footprint and preserves Sunshine’s employees and local operations; financial terms were not disclosed.
-
July 13, 2021
- Buyer
- BELFOR Franchise Group
- Target
- redbox+
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
BELFOR Franchise Group (BFG), the residential and commercial services franchisor and division of BELFOR Property Restoration, has acquired redbox+, a franchised waste management and rental company known for its patented combination roll-off dumpster and portable restroom units. The deal expands BFG's portfolio and service capabilities, while redbox+ will continue operating and conducting training from its existing facility in St. Charles, Minnesota.
-
January 8, 2021
- Buyer
- BrightView Holdings, Inc.
- Target
- Cutting Edge Property Maintenance, Inc.
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
BrightView Holdings, Inc. acquired Cutting Edge Property Maintenance, Inc., a Plymouth, Minnesota-based commercial landscape services firm, for undisclosed terms. The deal brings Cutting Edge's more than 110 employees and capabilities in winter services, landscape maintenance, tree care, and irrigation into BrightView's national platform to expand its Upper Midwest footprint.
-
January 20, 2020
- Buyer
- GZA GeoEnvironmental, Inc.
- Target
- Vieau Associates Inc.
- Industry
- Environmental Services
- Location
- Minnesota, United States
- Type
- Buyout
GZA GeoEnvironmental, Inc. has acquired Vieau Associates Inc., an Edina, Minnesota-based environmental consulting firm, to strengthen GZA's environmental services and expand its presence in the Upper Midwest. Vieau will operate as a GZA division in Edina and bring expertise in environmental due diligence, remediation, and hazardous materials mitigation to GZA's multi-disciplinary service offering.
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Frequently Asked Questions
What kinds of companies are acquiring in Minnesota’s environmental services space?
Common buyers include waste and recycling operators, environmental restoration/cleaning providers, and EHS compliance consulting platforms.
Do the Minnesota deals focus on waste and recycling only?
No. The page also includes acquisitions tied to hazardous/non-hazardous waste services, restoration and environmental cleaning, and EHS compliance consulting.
Are there transactions connected to organics recycling and renewable natural gas (RNG)?
Yes. Vanguard Renewables acquired E-Z Recycling in St. Paul to expand its Midwest organics recycling network, including depackaging capabilities and more processing capacity supporting anaerobic digestion and RNG operations.
Are there examples of add-on acquisitions and roll-ups?
Yes. Several deals are described as add-ons that expand service areas, capabilities, or customer/customer-density in the Upper Midwest, including acquisitions by LJP Waste Solutions, GFL Environmental Services, and BMS CAT.
Related Acquisition Pages
Environmental Services Buyers & Acquisitions
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Private Equity-Backed Environmental Services Buyers
Environmental Services Acquisitions in 2026
Environmental Services Acquisitions in 2025
Environmental Services Acquisitions in 2024
Environmental Services Acquisitions in 2023
Environmental Services Acquisitions in 2022
Environmental Services Acquisitions in 2021
Acquisitions in Minnesota
Private Equity-Backed Acquisitions in Minnesota
Acquisitions in Minnesota in 2026