Environmental Services Acquisitions in Utah

Platte River Equity, a Denver-based private equity firm, has acquired Chemtech-Ford Laboratories (Chemtech), an environmental and analytical testing provider based in Sandy, Utah. Platte River said it will use Chemtech as a foundation to build a platform in environmental testing—investing in capabilities and expanding the company's footprint to serve municipal, industrial, and government clients.

Gridiron Capital has acquired Greenix, a leading independent eco-conscious residential pest control company headquartered in Orem, Utah. The acquisition from Riata Capital Group will expand Gridiron's residential services platform and support Greenix's continued geographic growth and M&A-driven expansion across North America.

Rollins, Inc. has completed the acquisition of Saela Holdings, LLC, a pest management company headquartered in Orem, Utah. Saela—ranked 23rd on the PCT 100 with over $65 million in revenue and more than 250 employees—will operate as a standalone brand and expand Rollins' presence across the Pacific Northwest, Mountain West and Midwest; the deal was financed with cash on hand and commercial paper and leaves pro forma leverage below 1.0x.

Citation Capital, a Dallas-based private equity firm, acquired a majority stake in Aptive Environmental, a leading residential pest control company headquartered in Provo, Utah. Aptive’s founder and leadership team retain significant ownership; the investment will accelerate Aptive’s organic growth and M&A strategy to expand services and geographic footprint.

Azuria Water Solutions has acquired Twin D, Inc., a family-run pipeline maintenance services provider operating in the Greater Salt Lake City area. Twin D will operate as part of C&L Water Solutions (an Azuria company) and its leadership and local staff will remain in place to continue serving municipalities, local utilities and engineering firms across Utah, Idaho and Wyoming.

Ally Waste, a Gilbert, Arizona-based provider of doorstep trash and bulk hauling services, has acquired RK Property Services, a Utah-headquartered multifamily waste services operator with operations in California, Nevada and Utah. The acquisition expands Ally Waste’s waste leveling and bulk hauling capabilities and broadens its service footprint for multifamily property clients.

C&S Chemicals, a portfolio company of Shoreline Equity Partners, acquired ISI Water Chemistries, a Bluffdale, Utah-based provider of cooling tower and boiler water treatment services. The transaction is C&S's ninth add-on and expands the platform's geographic footprint into the Mountain West, adding capabilities and customers across food & beverage, pharmaceutical, and aerospace end markets.

Rollins, Inc. (NYSE: ROL) has acquired FPC Holdings, LLC (Fox Pest Control) for $350 million, including $32 million of contingent payments. Fox Pest Control, headquartered in Logan, Utah, employs more than 1,300 people, generated over $120 million in revenue in 2022, and provides residential pest control services across 13 states — the acquisition will accelerate Rollins/HomeTeam's geographic expansion and add scale in new markets.

One Rock Capital Partners (through an affiliate) completed the acquisition of EnviroServe Inc., a national provider of environmental remediation, waste management and emergency response services, from Savage. One Rock said it will work with EnviroServe's leadership to enhance operations, expand the company's geographic footprint and grow the business; the company operates from over 35 locations in the U.S. and employs more than 550 team members.

BrightView Holdings, Inc. has acquired Intermountain Plantings, LLC, a commercial landscaping company headquartered in Salt Lake City. The acquisition (terms undisclosed) expands BrightView's maintenance and development operations in the Mountain West and brings more than 340 Intermountain employees and branches in the Salt Lake City and Boise areas into BrightView's platform.

Greenix Pest Control, headquartered in Orem, Utah, announced the acquisition of Rise Pest Control, adding more than 70 team members and service professionals across Iowa, Kansas, Wisconsin, Minnesota, Indiana and Nebraska. The deal increases Greenix's density in the upper Midwest and expands its footprint as the company continues rapid growth across multiple states.

Hawx Services, a pest control provider based in Ogden, Utah, was acquired by private equity firm PCM Growth, LLC on March 12, 2021. Under PCM Growth ownership, Hawx will invest in technology, digital marketing and inorganic growth to build a national pest-management platform while management remains in place with significant equity.