Environmental Services Acquisitions in Tennessee

The Amlon Group, a Heartwood Partners–backed environmental services platform, has acquired Mastermelt America LLC and is operating the Sweetwater, Tennessee facility as Amlon Sweetwater. The May 2025 deal adds thermal processing and chemical dissolution capabilities for complex industrial waste (spent catalysts, electronic components, aerospace materials), expanding Amlon's technical capabilities and Southeast footprint.

SLR International Corporation (SLR) has acquired WAP Sustainability, LLC, a Nashville-based sustainability consulting and ESG data solutions firm. The deal brings nearly 100 WAP employees and enhances SLR's sustainability consulting, product‑sustainability and ESG data capabilities to serve building products, packaging, textiles, electronics and consumer goods clients.

Ruppert Landscape, a family- and employee-owned commercial landscaping provider headquartered in Laytonsville, Maryland, has acquired Enviro-Scapes, a Nashville-based landscaping company founded and led by brothers Mark and Mike Russell. The deal expands Ruppert's presence and capabilities in the Nashville/Tennessee market and brings Enviro-Scapes' maintenance and installation expertise into Ruppert's growing platform.

Alliance Technical Group acquired Environmental 360, LLC to expand its environmental consulting, monitoring, and compliance capabilities. The deal strengthens Alliance's onsite field services and emissions/compliance monitoring offerings for industrial clients across the United States.

J.F. Lehman & Company (through an investment affiliate) has acquired Atomic Transport, a Chattanooga-based specialized waste transport and transfer station management company. Comvest Partners (Comvest Credit Opportunities) sold its stake in Atomic; Atomic founders and management rolled equity and will continue to lead the business as JFLCO supports growth initiatives across the company's 30 terminals in 19 states.

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.

Meridian Waste acquired Knoxville-based Total Garbage LLC effective Aug. 1, purchasing roll-off trucks, containers and related commercial permanent and temporary contracts. The deal densifies Meridian Waste’s Knoxville-area collection routes and increases construction & demolition (C&D) debris volumes for its Poplar View and Riverside landfills as a tuck-in add-on to its Tennessee operations.

Shoreline Equity Partners partnered with and made an equity investment in American Landscaping Partners (ALP) in August 2023, providing capital and senior financing (Apogem Capital and NXT Capital) to support ALP's growth while management retained an ownership stake. Since the partnership, ALP (headquartered in Nashville, Tennessee) has completed seven add-on acquisitions—Landscape Detail; Ultralawn; Ready Field Solutions; Maxalea; Swift Lawn & Land; Precision Landscape Management; and Appalachia Landscaping—expanding its footprint across Tennessee, Ohio, Georgia, Maryland, Alabama, Pennsylvania, and West Virginia.

Blue Point Capital Partners-backed TAS Environmental Services has acquired Environmental Concepts & Services (ECS), a family-owned waste transportation and non-hazardous waste treatment provider based in Springfield, Tennessee. The acquisition is the fifth add-on for the TAS platform since Blue Point's 2019 investment and expands TAS' wastewater and waste treatment capabilities across the Southern United States.

Shoreline Equity Partners has acquired American Landscaping Partners, a portfolio company of Cold Bore Capital. The transaction transfers ownership of the landscaping and lawn care platform (six branches serving residential and commercial customers) from Cold Bore Capital to Shoreline as a PE-to-PE secondary sale.

Capital Waste Services, a portfolio company of Kinderhook Industries, acquired Southern Central Waste Services and Priority Waste Services, two Tennessee-based roll-off and transfer-station operators, expanding its footprint in Southeast Tennessee. The deals are the platform's eighth and ninth add-on acquisitions and will strengthen Capital Waste's vertically integrated network; debt financing was provided by a syndicate led by Comerica Bank with MUFG, Webster Bank, and Fifth Third.

Rentokil Initial plc completed its acquisition of Terminix Global Holdings, Inc., creating the world’s leading pest control company with approximately 4.9 million customers and ~57,700 employees combined. As part of regulatory/closing steps, Terminix divested its U.K. and Norway pest-management businesses to Norvestor (a Nordic private equity fund) prior to closing; those divested businesses generated ~ $60 million of expected 2022 revenue.

Montrose Environmental Group (NYSE: MEG) acquired TriAD Environmental Consultants, Inc., a Nashville-based environmental consulting firm founded in 1996. TriAD's founders and principals will join Montrose's Assessment, Permitting & Response (AP&R) segment to strengthen permitting, compliance and remediation capabilities across the Southeast; terms were not disclosed.

France-based Saur Group, an EQT‑backed environmental services company, has acquired Knoxville, Tennessee‑headquartered Aqua‑Chem. Aqua‑Chem will become the North American platform and the water purification global center of excellence for Nijhuis Saur Industries (NSI), expanding Saur's process water and purification capabilities across pharmaceuticals, beverage, energy and military end markets.

Atlanta-based Garden City Companies acquired Duncan & Sons Building Maintenance, a Knoxville-based commercial janitorial and facilities maintenance company. Garden City said it will retain existing management and expand Duncan & Sons' services across Tennessee and the broader Southeast under a buy-and-hold, employee-first approach.

Main Street Capital Corporation fully exited its debt and equity investments in J&J Services, Inc. following the sale of the Nashville-based roll-off dumpster and portable toilet rental operator to a strategic acquiror (buyer name not disclosed). Main Street originally invested $24.8 million in a 2019 recapitalization and realized an $11.0 million gain on the exit.

E Source has acquired Water Systems Optimization (WSO), a Nashville-based water-loss analytics and consulting firm, as a strategic add-on to expand E Source’s water market capabilities. The acquisition, announced by E Source’s owner Align Capital Partners, integrates WSO’s analytics, leak-simulation models, and program management services into E Source’s Technology Planning and Implementation unit to better serve utilities and municipalities.

Komline-Sanderson, a New Jersey-based designer and manufacturer of wastewater and environmental control equipment, has acquired AquaShield, Inc., a Chattanooga, Tennessee manufacturer of stormwater filtration and runoff control products. The acquisition expands Komline's stormwater product portfolio, manufacturing capacity, and geographic reach to better serve municipal and corporate customers.

City Capital Ventures (CCV) acquired a majority stake in GreenTech Environmental, a Johnson City, Tennessee-based designer and manufacturer of indoor air purification systems, with RF Investment Partners providing debt and equity to facilitate the deal. CCV will support GreenTech’s growth by accelerating sales, marketing, and product development while the company continues to operate independently under its existing management; financial terms were not disclosed.

Birmingham-based Waynes Pest Control, part of the Anticimex family, has acquired Kirkland's Pest Control of Fayetteville, Tennessee. The transaction expands Waynes' footprint across Middle and East Tennessee and North Alabama, adding multiple Kirkland's service locations and customers to Waynes' regional operations.

Capitala Group originated a $35.9 million senior secured debt facility and minority equity investment to support Cold Bore Capital in forming American Landscaping Partners, LLC (ALP). Based in Nashville, Tennessee, ALP is an owner-operator of residential and commercial landscaping businesses and will use the capital to fund growth and add-on acquisitions across the United States.

American Landscaping Partners LLC (a portfolio company of Cold Bore Capital) acquired Nashville-based Color Burst Landscapes from the Frank F. Chalfont Trust and co-owner Brian Edwards. The deal is an add-on acquisition to ALP’s landscaping platform; Brian Edwards will remain as Sales Manager and retain an equity interest.

American AllWaste LLC, a platform of NewHold Enterprises, acquired the assets of Highway Environmental, LLC, a Chattanooga-based provider of non-hazardous liquid-waste transportation and landfill leachate services. Financial terms were not disclosed; the deal expands AllWaste's footprint across the southeastern and midwestern United States and strengthens its liquid-waste transportation and leachate capabilities.

Greenrise Technologies, a Boyne Capital portfolio company, has acquired Southern Nurseries, a Nashville-area manufacturer and supplier of engineered biofiltration soils branded as Holy Cow! Soils. The add-on expands Greenrise's product portfolio and manufacturing capability for green roof and stormwater-management applications and will support geographic expansion in the Central Tennessee region.

American AllWaste LLC, a NewHold Enterprises platform, acquired the assets of Onsite Environmental, a Tennessee-based provider of non-hazardous liquid waste hauling and treatment services. The asset purchase expands AllWaste's non-hazardous liquid waste platform in the Southeast and adds capabilities such as brown grease recovery; financial terms were not disclosed.

AVANTech, Inc. of Columbia, South Carolina has reached a definitive agreement to combine with Diversified Technologies Services, Inc. (DTS) of Knoxville, Tennessee, with DTS becoming a division of AVANTech. The transaction integrates DTS's field services, system leasing and products with AVANTech's engineering, design and manufacturing capabilities to expand radioactive and industrial liquid treatment offerings for nuclear, utility and industrial customers worldwide.