Private Equity-Backed Environmental Services Acquisitions

Azuria Water Solutions, a New Mountain Capital portfolio company, has acquired Waterline Renewal Technologies from Behrman Capital. Financial terms were not disclosed; Waterline is headquartered in Ottawa, Illinois and provides engineered products and services for trenchless rehabilitation of wastewater and stormwater infrastructure.

Vanguard Renewables has acquired E‑Z Recycling, a St. Paul, Minnesota depackaging and food & beverage waste recycling facility, to expand its Midwest organics recycling network. The acquisition adds critical depackaging capabilities and additional processing capacity to Vanguard's anaerobic digestion and renewable natural gas (RNG) operations; E‑Z Recycling owner Andy Rausch will remain involved as Principal Operations Manager.

Bennett West (a Pike Street Capital portfolio company) made a strategic add-on investment in California Water Services (CWS), a Coalinga, California provider of irrigation and municipal water treatment services, including its Green Leaf Ag division. The deal expands Bennett's water-treatment and irrigation capabilities across California's Central Valley and aligns with Pike Street Capital's sector-focused add-on strategy to broaden platform services and accelerate organic growth.

Riverview Landscapes, a PE-backed landscaping platform owned by management and Talus Holdings, has acquired Cleveland Brothers Landscaping, Inc., a Corinth, New York-based provider of landscape maintenance, hardscaping, fertilization, and snow removal services. The acquisition expands Riverview’s presence in the greater Albany/Saratoga market, relocates Riverview’s Albany branch into Cleveland Brothers’ larger Corinth facility, and transitions ownership from founders Terry and Kevin Cleveland to Riverview.

ALL4 LLC, a portfolio company of Levine Leichtman Capital Partners, has acquired Tora Consulting LLC, an environmental and engineering consulting firm based in Columbia, South Carolina. The deal adds Tora’s ~15 environmental professionals and expands ALL4’s capabilities in air quality, permitting, and regulatory compliance while broadening its national footprint.

MKB Company, the environmental control platform backed by Align Capital Partners, has acquired US Silt & Site Supply, a manufacturer and distributor of erosion and sediment control products based in Bow, New Hampshire. The add-on expands MKB's Northeast footprint and enhances its local service and product capabilities for contractors and distributors.

Liberty Waste Solutions, a North Carolina waste and recycling provider backed by Allied Industrial Partners, has acquired AJ Disposal, a residential and commercial front-load operator based in Asheboro, North Carolina. The add-on expands Liberty's footprint in the Asheboro and greater Greensboro markets; financial terms were not disclosed.

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.

An investment affiliate of J.F. Lehman & Company (JFLCO) has acquired majority stakes in Reclamation Technologies USA (RTI) and Tradewater LLC & Affiliates to form a new growth-oriented environmental services platform focused on lifecycle management of industrial and refrigerant gases and methane mitigation. The combined business will offer closed-loop services including collection, reclamation, destruction and gas sales, and will pursue organic and acquisitive growth under a management team led by Jeff Laborsky and Katelyn Imrie.

Kinderhook Industries closed a $1 billion single-asset continuation vehicle transaction, forming Ecowaste Solutions by combining Live Oak Environmental and CARDS Recycling and securing more than $400 million of new equity from participating funds including Goldman Sachs Alternatives and Apollo S3. The new Dallas‑headquartered platform will operate collection and post‑collection waste services across nine Mid‑South states, serving over 400,000 customers and pursuing organic growth and additional acquisitions.

Trauma Services, a portfolio company of Osceola Capital, expanded its U.S. footprint by acquiring Georgia Clean, Fagala Biohazard Specialists, and BioClean Team and opening six de novo offices across the Northeast, Mid-Atlantic, Southeast, and Midwest. The transactions strengthen Trauma Services' regional presence and service capabilities in biohazard cleanup, trauma/ crime-scene remediation, and specialty cleaning.

Gillson Sciences, a Chicago-based laboratory testing and scientific solutions provider and portfolio company of Keystone Capital Management, has acquired SanAir Technologies Laboratory, an accredited environmental and industrial hygiene testing laboratory headquartered in Richmond, Virginia. The add-on expands Gillson's capabilities into environmental testing (air, asbestos, Legionella, lead/metals, industrial hygiene) and broadens its service offering across environmental and industrial end markets.

Waste Eliminator, a metro Atlanta waste and recycling services provider backed by Allied Industrial Partners, has acquired Happy Haulers, a frontload and roll-off operator serving the core Atlanta market. The add-on deal expands Waste Eliminator’s downtown Atlanta footprint, increases route density and strengthens its frontload and municipal solid waste collection capabilities; financial terms were not disclosed.

Sylmar Group has acquired Atlantic Water Management, a New England industrial water treatment provider founded by Kevin Rabbitt. The deal expands Sylmar's regional footprint and adds Atlantic Water's cooling and boiler treatment capabilities to Sylmar's family of water services companies.

Visterra Landscape Group announced a strategic investment in New Braunfels, Texas-based Liberty Lawn & Landscaping to establish a new operational hub and expand service coverage across the San Antonio–Austin corridor. Liberty will remain locally led by founders Christy and Tray Rohlf as part of Visterra's national commercial landscaping platform; financial terms were not disclosed.

TIC Holding Schweiz AG, a Winterberg-backed buy-and-build platform, has acquired HSE Conseils SA, a La Tène (Neuchâtel)–headquartered specialist in construction pollutant diagnostics, environmental services and occupational health and safety with seven Swiss sites. Founder and former owner Marc Dutoit is reinvesting at the holding level and will remain CEO; the deal expands TIC Holding Schweiz's construction safety/environment platform and French-speaking Switzerland footprint as part of its broader roll-up strategy.

TruArc Partners, a middle‑market private equity firm, has acquired Schill Grounds Management from Argonne Capital Group. Cleveland‑based Schill is a commercial landscaping provider with more than 30 branches across the Midwest and Mid‑Atlantic; TruArc plans to accelerate organic growth, pursue add‑on acquisitions and expand the company's geographic footprint while founder Jerry Schill remains CEO.

Paladin EnviroTech, a global IT asset disposition (ITAD) and electronics recycling provider backed by SER Capital Partners, has acquired Netherlands-based R&L Recycling B.V., marking Paladin’s first European acquisition. The deal gives Paladin a 129,000 sq. ft. Helmond facility and local management to serve hyperscalers, OEMs and other European customers; financial terms were not disclosed.

United Land Services, a Jacksonville-based landscaping platform backed by Centre Partners and LP First Capital, completed four add-on acquisitions that closed in 2025. The targets—Wrightsville Beach Landscaping (Wilmington, NC), H&O Grounds (Baton Rouge/New Orleans, LA), Custom Tree Surgeons (Jacksonville, FL) and an undisclosed rust-removal provider in South/Central Florida—expand United's geographic footprint and service capabilities; terms were not disclosed.

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.

ALL4 LLC, a portfolio company of Levine Leichtman Capital Partners, has acquired VCS Environmental, a San Juan Capistrano, California-based environmental consulting firm. The acquisition expands ALL4's wetlands, endangered species permitting, biological, cultural resource, and CEQA/NEPA capabilities and strengthens its presence in California.

St. Louis-based private investment firm Broadview Group announced an investment in Citadel EHS, a Glendale, California–based environmental, health, safety, and sustainability (EHS&S) consulting firm. Citadel’s existing leadership will remain in place and the partnership is intended to provide capital and resources to accelerate growth, broaden capabilities, and support geographic expansion; Citizens Capital Markets & Advisory served as exclusive financial advisor to Citadel.

Senske Family of Companies' Emerald Lawns, backed by private equity firm GTCR, has acquired Greenup Lawn and Shrub Care, a Houston-based lawn care provider with more than 40 years of operating history. The add-on strengthens Emerald Lawns' presence in the Houston market as part of Senske's broader Texas expansion and preserves the company's customer and employee relationships as the founders retire.

PestCo Holdings, a portfolio company of Thompson Street Capital Partners (TSCP), has acquired the assets of Bio‑Tech Pest Control, a Spring, Texas‑based provider of residential and commercial pest control services. The add‑on expands PestCo's presence in the Houston metropolitan market; terms were not disclosed. The sellers are owners Pierre Riettini and Jason Pitman.

Arcwood Environmental, an EQT Infrastructure–backed national environmental services platform, has acquired MXI Environmental Services / Dynamic Recycling, a Virginia-based provider of hazardous and non-hazardous waste management, recycling, and household hazardous waste programs. The add-on expands Arcwood's waste transportation, recycling and HHW capabilities and strengthens its operational footprint across the Eastern United States.

Funds affiliated with Blackstone Energy Transition Partners and other Blackstone funds have acquired Alliance Technical Group (ATG), a Decatur, Alabama–based provider of environmental testing, monitoring and compliance services. ATG operates more than 60 offices and labs across the U.S. and Canada with over 2,200 employees; terms were not disclosed.

Exscape Group, a Cleveland-based landscape services platform backed by BHMS Investments, announced add-on acquisitions of three Columbus-area companies — WinnScapes, Pony Lawncare and Landscaping, and Shearer Patio & Landscape Services / Polaris Pools — to expand into the Columbus, Ohio market. Each founding owner will join Exscape Group as operating leaders, preserving continuity of teams and client relationships as part of the platform expansion.

Brentwood Associates partnered with Tenex Capital Management to complete an equity recapitalization of Perennial Services Group, a multi-brand home services platform headquartered in Pittsburgh, Pennsylvania. The recapitalization will keep Perennial's management as significant shareholders and is intended to support continued organic growth and execution of the company's add-on M&A strategy across lawncare, pest control, landscaping and arbor services.

Promus Capital Management, a Chicago-based private investment firm, has completed the acquisition of Tersus Solutions, a Colorado-headquartered provider of proprietary liquid CO₂ waterless cleaning, recommerce, and repair services. Promus plans to support Tersus' growth by investing in additional CO₂ machines and capacity, expanding commercial efforts, and scaling the company's recommerce, fire PPE cleaning, and down recycling capabilities.

Riverview Landscapes acquired the landscaping and snow management business of Irrigation and Landscape Management, Inc. (ILM), a Parsippany, New Jersey–based provider of commercial landscaping, irrigation design/installation, drainage and fertilization services. The deal expands Riverview's Northern New Jersey footprint and irrigation/snow-management capabilities and is the company's 19th acquisition since 2022; ILM founder Steven Raibick will remain involved in a consulting capacity.

Wind Point Partners, via its portfolio company ExperiGreen Lawn Care, has acquired Turf Masters Brands from CenterOak Partners. The deal combines Turf Masters with ExperiGreen to create one of North America's largest residential lawn care platforms, expanding scale, geographic footprint and recurring-service capabilities across the U.S. (and parts of Canada).

PestCo Holdings, a Thompson Street Capital Partners (TSCP) portfolio company, has acquired Southwest Exterminating, a Houston-based provider of residential and commercial pest control services. The acquisition expands PestCo's presence in the Houston market; financial terms were not disclosed.

Funds managed by Leonard Green & Partners have acquired Jones Lake Management from Fort Point Capital in a sponsor-to-sponsor recapitalization. Fort Point will remain a minority investor; Jones Lake Management — headquartered in Cincinnati, Ohio — provides pond and lake management services across 26 states and will continue its growth under the new majority sponsor.

Berkshire Partners has made a strategic growth investment in United Flow Technologies (UFT), a Texas-based technical distributor and solutions provider for the municipal and industrial water and wastewater markets. Existing investor H.I.G. Capital will remain a minority shareholder; the capital will be used to deepen UFT's service capabilities, support team growth, and accelerate nationwide expansion of its water infrastructure solutions.

Berkshire Partners (through an affiliate) has acquired United Flow Technologies (UFT) from H.I.G. Capital; terms were not disclosed. H.I.G. will retain a minority stake while UFT — headquartered in Irving, Texas — continues to provide process equipment, pumps, flow control and automation solutions to municipal and industrial water and wastewater customers.

Verdantas, a Sterling Investment Partners-backed environmental and engineering consulting platform, has acquired Crawford Environmental Services (CES), a Roanoke, Virginia-based firm specializing in site assessment, remediation, emergency response, and compliance services. The add-on expands Verdantas' technical capabilities and geographic footprint—enhancing support for federal, industrial, and commercial clients across 18 states.

Lanpro Group has acquired CarneySweeney, a privately-owned UK planning consultancy with offices in Birmingham, Cardiff, Exeter and London, bringing a team of roughly 35 planning professionals into the group. The move — supported by recent investment from private equity firm Horizon Capital in Lanpro — expands Lanpro's geographic reach and multi-disciplinary planning and environmental capabilities as part of a wider five-year growth plan.

Fortify Companies, a national property services platform backed by Summit Partners, has acquired Rytech Restoration, a franchise restoration network with more than 100 locations across 25 states. The deal combines Rytech's franchise footprint with Fortify's company-owned Insurcomm network to create a unified restoration platform serving 100+ markets across 30+ states; Rytech founder Bubba Ryan will retire.

TreeServe, a platform backed by Soundcore Capital Partners, has acquired Schneider Tree Care, a Greenville, South Carolina-based provider of residential and commercial tree care, plant healthcare, and mulch services. The deal is an add-on to the TreeServe platform and will keep Schneider's leadership in place while expanding TreeServe's service footprint and plant-health capabilities in the Greenville/Charlotte region.

Peakview Partners announced the closing of two sell-side transactions: the sale of an air quality testing company to a private equity fund and the sale of a leading environmental services company to a family office. Peakview served as exclusive sell-side advisor to both companies; the founder & CEO of the environmental services company praised Peakview's process and results.

Agellus Capital, a Clayton, Missouri-based private equity firm, has completed the acquisition of HighGrove Partners, a commercial landscaping services provider headquartered in the Atlanta area. Agellus intends to build HighGrove into a market-leading commercial landscaping platform across the Southeastern United States and support geographic and operational expansion.

Waste Vision, a Netherlands-headquartered smart waste-technology platform and portfolio company of MML Keystone, has acquired Incitat Environment, a Bayonne-based specialist in access-control and incentive-based waste-tariff solutions. The deal creates France's largest smart waste-technology platform, expanding Waste Vision's local execution capabilities and supporting roll-out of incentive-based household waste tariffs across French municipalities.

LawnPRO Partners, a lawn-care platform majority-owned by HCI Equity Partners, has acquired Indiana-based Total Lawn Care, Inc. (TLC), a company serving the Indianapolis area for over 35 years with organic-focused lawn care and pest control services. The deal expands LawnPRO Partners' geographic footprint into Indiana and adds local operating capability and employees to the platform.

Century Park Capital Partners, joined by Plexus Capital and GMB Capital Partners, launched Green Summit Landscape Group and completed the platform's first acquisition of a regional, founder-led landscaping company. The sellers are retaining a meaningful ownership stake and will continue to lead the business as Green Summit pursues growth through cross-market expansion, technology enablement and a disciplined buy-and-build strategy.

Long Island Waste Services (LIWS), a Terramont Infrastructure Partners-backed platform, completed a business combination with National Waste Services (NWS), combining their commercial waste collection, transfer station and recycling operations across Nassau and Suffolk counties on Long Island. The Leone family will retain an ownership stake and Joe Leone will join the combined company's senior leadership; the deal was supported by co-investor Environmental Services Investors and debt financing from Comerica Bank, Tecum Capital Partners, Patriot Capital, and Colbeck Capital.

Landscape Workshop, a commercial landscape management platform backed by Ares Management Corporation, has acquired Constant Care Grounds Maintenance, Inc. The owner, Dan McNeese, has joined Landscape Workshop's Kansas City leadership team and all Constant Care employees will join the Landscape Workshop organization as part of the deal to expand LW's commercial maintenance footprint in the Kansas City region.

London-based Reconomy has acquired Integrated Waste Analysts (IWA), a Hanover, Maryland industrial waste-management and recycling services provider, through its North American platform Lincoln Waste Solutions by Reconomy. The deal, IWA being the seventh add-on to the Lincoln platform, expands Reconomy's U.S. capabilities in data-driven waste services, equipment rental and commodity management as it scales across North America.

Landscape Workshop, a commercial landscape maintenance platform backed by Ares Management Corporation, has acquired Live Oak Landscape, LLC to expand its Charlotte, North Carolina presence. Live Oak owner Matt Kaylor and all Live Oak employees will join Landscape Workshop as part of the add-on acquisition, supporting LW's broader expansion across the Southeastern U.S.

Ancor Capital Partners, a Southlake, Texas-based private investment firm, has made a growth investment in Vapor Systems Technologies, Inc. (VST), a Springboro, Ohio designer and manufacturer of vapor recovery and fuel-dispensing solutions. Glenn Walker will remain VST's majority owner and CEO, and Ancor said the capital will be used to accelerate growth and expand the company's reach into new markets.

Kian Capital-backed Diamond Landscaping has completed the acquisition of Arizona Outdoor Designs (AZOD), a premier provider of luxury residential landscaping in the greater Scottsdale area. The deal expands Diamond Landscaping's national luxury-residential platform into the Phoenix/Scottsdale market; AZOD founder Rich Dobbs and his leadership team will remain with the business.