Environmental Services Buyout Acquisitions in 2019
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- Buyer
- Smithereen Pest Management Services
- Target
- Service Termite & Pest Control
- Industry
- Environmental Services
- Location
- Illinois, United States
- Type
- Buyout
Smithereen Pest Management Services acquired Service Termite & Pest Control (transaction completed end of 2019, announced Jan. 30, 2020), expanding Smithereen's footprint into Danville and Champaign‑Urbana, Illinois and Crawfordsville, Indiana. The deal brings Service Termite customers under Smithereen's integrated pest management platform while maintaining local service continuity.
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December 31, 2019
- Buyer
- AEA Investors' Small Business Fund (AEA SBF)
- Target
- Univar Solutions' Environmental Sciences Business (ES)
- Seller
- Univar Solutions Inc.
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
AEA Investors' Small Business Fund completed the carveout acquisition of Univar Solutions' Environmental Sciences Business (ES). Headquartered in Austin, Texas, ES is a leading distributor of pest-control products and technical services with ~70 North American locations serving thousands of local service providers; AEA intends to grow the business and expand into adjacent markets leveraging its footprint and vendor relationships.
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December 23, 2019
- Buyer
- Prairie Capital VI, LP, Rising Point Capital
- Target
- Fairway Lawns
- Seller
- Founders
- Industry
- Environmental Services
- Location
- Arkansas, United States
- Type
- Buyout
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.
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December 9, 2019
- Buyer
- Bland Landscaping Company, Inc.
- Target
- Landmark Landscape Services, LLC
- Seller
- Mark Michel (owner of Landmark Landscape Services)
- Industry
- Environmental Services
- Location
- North Carolina, United States
- Type
- Buyout
Bland Landscaping Company, a North Carolina full‑service commercial landscaping provider based in Apex, has acquired Landmark Landscape Services of Huntersville, North Carolina. The deal adds a key branch location north of Charlotte and expands Bland's maintenance and irrigation capabilities and regional footprint.
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- Buyer
- Pace Analytical Services, LLC
- Target
- Shealy Environmental Services, Inc.
- Seller
- Shealy Environmental Services co-owners (Robert Zhu; Michael Kilpatrick; Mike McFadden)
- Industry
- Environmental Services
- Location
- South Carolina, United States
- Type
- Buyout
Pace Analytical Services, LLC acquired Shealy Environmental Services, Inc., a full-service environmental testing laboratory based in West Columbia, South Carolina. The acquisition expands Pace’s laboratory network and PFAS testing and federal program capabilities in the Southeast U.S.; Shealy’s management will remain on site to lead the location.
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December 2, 2019
- Buyer
- Natural Systems Utilities
- Target
- Acqualogic/Kanso
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Natural Systems Utilities (NSU) has completed the acquisition of the Acqualogic/Kanso water and wastewater operations and maintenance business, assuming all O&M contracts for 28 on-site systems in the San Francisco Bay Area. The deal expands NSU's presence into the South Bay region and increases its operating density as it continues to grow its national portfolio of on-site community water and wastewater systems.
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November 1, 2019
- Buyer
- US Ecology, Inc.
- Target
- NRC Group Holdings Corp.
- Seller
- NRC Group stockholders
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
US Ecology, Inc. completed an all-stock merger with NRC Group Holdings Corp., combining US Ecology's hazardous and industrial waste services with NRC's nationwide emergency response and oil & gas disposal capabilities. The transaction creates a larger, nationwide environmental services leader, expands service verticals and landfill disposal capabilities in key Gulf basins, and is expected to drive cross-selling opportunities and operational synergies.
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November 1, 2019
- Buyer
- Harvest Partners
- Target
- Yellowstone Landscape
- Seller
- CIVC Partners
- Industry
- Environmental Services
- Location
- Florida, United States
- Type
- Buyout
Funds managed by Harvest Partners have acquired Yellowstone Landscape from CIVC Partners. Yellowstone, a Palm Coast, Florida–headquartered commercial landscaping company serving over 5,000 customers from ~40 branches across the South and Southwest, will continue to be led by CEO Tim Portland and existing management who remain significant owners.
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October 3, 2019
- Buyer
- Mark W. Davis, Frank Torre
- Target
- PuroClean
- Seller
- Company's prior owners
- Industry
- Environmental Services
- Location
- Florida, United States
- Type
- Buyout
PuroClean CEO & Chairman Mark W. Davis and Vice Chairman Frank Torre acquired the remaining 20% of the PuroClean franchise system from the company's prior owners, making them 100% owners. The transaction formalizes ownership consolidation after four years of leadership during which the franchise network expanded to roughly 290+ locations across the United States and Canada.
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September 30, 2019
- Buyer
- AEA Investors
- Target
- BMS Enterprises
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
AEA Investors' Middle Market Private Equity team has closed the acquisition of BMS Enterprises, a Fort Worth-based provider of fire, water and reconstruction restoration services. AEA will back BMS — which operates 17 U.S. branches and a national catastrophe team and employs roughly 850 people — to support continued organic growth and expansion of its restoration and reconstruction capabilities.
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September 6, 2019
- Buyer
- Sterling Investment Partners
- Target
- HeartLand, LLC
- Seller
- Great Range Capital
- Industry
- Environmental Services
- Location
- Missouri, United States
- Type
- Buyout
Westport, Connecticut-based Sterling Investment Partners made a majority equity investment in HeartLand, LLC, a Kansas City-based commercial landscape management platform, in partnership with HeartLand management. The transaction represents Great Range Capital’s sale of its portfolio company after building HeartLand through multiple regional acquisitions; Sterling will partner with management to support continued growth across the Midwest and Mountain West.
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- Buyer
- Sterling Investment Partners
- Target
- HeartLand
- Industry
- Environmental Services
- Location
- Missouri, United States
- Type
- Buyout
Sterling Investment Partners has made a majority equity investment in HeartLand, a commercial landscape and facilities services platform headquartered in Kansas City. The partnership with founder Edward Schatz Jr. and management will support HeartLand’s plans to scale and expand its geographic reach across the Central United States; terms were not disclosed.
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- Buyer
- Kinderhook Industries, LLC
- Target
- Capital Waste Services, LLC
- Seller
- Hawk Capital Partners
- Industry
- Environmental Services
- Location
- South Carolina, United States
- Type
- Buyout
Kinderhook Industries has acquired Capital Waste Services, a Columbia, South Carolina-based regional solid waste hauling company, from Hawk Capital Partners. The acquisition—Kinderhook's ninth environmental services platform—will support growth through investments in people, equipment and systems while maintaining existing management and municipal contracts; financial terms were not disclosed.
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- Buyer
- Kinderhook Industries, LLC
- Target
- Chemtron Corporation
- Seller
- CapitalWorks, LLC
- Industry
- Environmental Services
- Location
- Ohio, United States
- Type
- Buyout
Kinderhook Industries, a New York-based private investment firm, acquired Chemtron Corporation, a hazardous and non-hazardous waste management provider headquartered in Avon, Ohio, from Cleveland private equity firm CapitalWorks. Financial terms were not disclosed; Kinderhook said the acquisition expands its environmental services platform and adds Chemtron's diverse treatment, processing and railcar/ISO container capabilities to its portfolio.
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August 14, 2019
- Buyer
- J.F. Lehman & Company
- Target
- Lone Star Disposal, L.P., Delta Waste Services, L.P., Tanner Road Facility, L.P.
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
J.F. Lehman & Company’s investment affiliate has acquired Lone Star Disposal, L.P., Delta Waste Services, L.P. and Tanner Road Facility, L.P. (together, "Lone Star"), a vertically integrated provider of C&D and MSW disposal and related environmental services based in Houston, Texas. The acquisition expands JFLCO’s environmental services platform and will be supported by debt financing from Monroe Capital, with legal and financial advisors engaged on both sides.
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July 15, 2019
- Buyer
- Pete & Pete Container Services, Inc.
- Target
- Boyas Excavating, Inc.
- Industry
- Environmental Services
- Location
- Ohio, United States
- Type
- Buyout
Pete & Pete Container Services, Inc. has acquired Boyas Excavating, Inc., the largest privately held construction and demolition (C&D) landfill in Northeast Ohio. Brown Gibbons Lang & Company advised Pete & Pete on the transaction and financing was provided by Comerica Bank, Huntington Bank, and Ironwood Capital; terms were not disclosed. The deal creates a vertically integrated C&D platform serving Northeast Ohio.
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July 10, 2019
- Buyer
- Pritzker Private Capital
- Target
- Valicor Environmental Services
- Seller
- Wind Point Partners
- Industry
- Environmental Services
- Location
- Ohio, United States
- Type
- Buyout
Pritzker Private Capital has entered into a definitive agreement to acquire Valicor Environmental Services from Wind Point Partners. Valicor, based in Monroe, Ohio, is a leading North American provider of non-hazardous wastewater treatment and related liquid-waste services serving over 5,000 customers; management will remain in place and the deal was expected to close in July 2019.
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June 27, 2019
- Buyer
- Concierge Building Services
- Target
- Kleen-Tech
- Seller
- Kleen-Tech shareholders
- Industry
- Environmental Services
- Location
- Colorado, United States
- Type
- Buyout
Concierge Building Services, an independent sponsor, has acquired Kleen-Tech, a commercial janitorial and custodial services provider. The deal positions Kleen-Tech as a platform for growth under Concierge’s plan to professionalize and modernize operations while enabling liquidity for Kleen-Tech’s shareholders.
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- Buyer
- Ancor Capital Partners, Midwest Mezzanine Funds
- Target
- LSC Environmental Products (LSC Environmental)
- Seller
- L2 Capital Partners, L.P.
- Industry
- Environmental Services
- Location
- New York, United States
- Type
- Buyout
Ancor Capital Partners acquired LSC Environmental (headquartered in Apalachin, New York) from L2 Capital Partners in May 2019; terms were not disclosed. Midwest Mezzanine provided subordinated debt and equity to support Ancor's investment; L2 said the sale represented a realization of its 2011 investment after executing transformational changes and an add-on under its ownership.
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May 22, 2019
- Buyer
- Aurubis AG
- Target
- Metallo Group, Metallo Holdings 3 B.V.
- Seller
- TowerBrook Capital Partners
- Industry
- Environmental Services
- Location
- Belgium
- Type
- Buyout
Aurubis AG has agreed to acquire Metallo Holdings 3 B.V. (Metallo Group), a Belgian–Spanish non‑ferrous metals recycling and refining group, from TowerBrook Capital Partners. Metallo operates main sites in Belgium and Spain with ~530 employees and reported approximately €985 million revenue in FY2018; the purchase price announced was €380 million and the deal is subject to merger control clearance.
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- Buyer
- Midwest Mezzanine Funds, Eagle Private Capital, Silver Peak Partners
- Target
- The Cleaning Guys
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
Silver Peak Partners completed an investment in The Cleaning Guys, a Fort Worth, Texas–headquartered emergency response and hazardous/non‑hazardous materials remediation and waste disposal company. Midwest Mezzanine Funds and Eagle Private Capital provided subordinated debt and equity co‑investment to support Silver Peak’s buyout of the business.
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April 30, 2019
- Buyer
- LDC, Shield Group International management team (Frank-Maarten Gribnau, Gavin Hartley, Alain Jeger)
- Target
- Shield Group International
- Seller
- Kiwa
- Industry
- Environmental Services
- Location
- United Kingdom
- Type
- Buyout
LDC has invested £20 million to back a management buyout of Shield Group International (SGI) from Kiwa. The capital will support SGI's independence and a buy-and-build strategy to accelerate organic growth and add complementary environmental testing, inspection and health & safety services across Europe and internationally.
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- Buyer
- Alliance Environmental Group, LLC
- Target
- Mintie Corporation
- Industry
- Environmental Services
- Location
- California, United States
- Type
- Buyout
Alliance Environmental Group, LLC has acquired an interest in Mintie Corporation, a Los Angeles–based developer of indoor air quality products and related environmental services. The deal will allow Mintie to retain its brand and offices while expanding market reach through Alliance’s existing offices and networks to drive national and international growth.
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- Buyer
- Krystal Growth Partners
- Target
- Storm Guard Water Treatment Inc.
- Seller
- Cliff Oleksiew
- Industry
- Environmental Services
- Location
- British Columbia, Canada
- Type
- Buyout
Krystal Growth Partners has acquired a majority interest in Storm Guard Water Treatment Inc., a Richmond, British Columbia–based provider of dewatering, water extraction and water treatment services for construction sites. The investment, made in partnership with founder Cliff Oleksiew and executed through an SG Acquisition limited partnership, will support Storm Guard's next phase of growth and capability expansion.
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- Buyer
- GenNx360 Capital Partners
- Target
- Miller Environmental Group, Inc.
- Seller
- Existing shareholders of Miller Environmental Group (including owner Mark Miller), Mark Miller (owner/President/CEO)
- Industry
- Environmental Services
- Location
- New York, United States
- Type
- Buyout
GenNx360 Capital Partners acquired a majority interest in Miller Environmental Group (MEG), a Calverton, New York-based environmental services company that provides emergency response, waste transportation and disposal, remediation, and industrial and marine services. Mark Miller (then owner/President/CEO) will remain on MEG's board and step away from day-to-day operations while GenNx360 plans to accelerate growth through operational improvements and strategic add-on acquisitions; Brown Gibbons Lang & Company served as exclusive financial advisor.
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February 14, 2019
- Buyer
- Eric Vallée and his management team, Sofival
- Target
- SET Environnement Group
- Seller
- Abenex, Galiéna Capital
- Industry
- Environmental Services
- Location
- Auvergne-Rhône-Alpes, France
- Type
- Buyout
Eric Vallée and his management team, supported by family investment group Sofival, have acquired SET Environnement Group in a secondary leveraged buyout from private equity investors Abenex and Galiéna Capital. Founded in 1986 and headquartered in the Lyon region, SET Environnement specialises in asbestos removal and remediation services for tertiary and industrial sites, with ~€24M revenue and about 160 employees.
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February 7, 2019
- Buyer
- BrightView Holdings, Inc.
- Target
- Benchmark Landscapes, LLC
- Seller
- Casey Vickrey
- Industry
- Environmental Services
- Location
- Texas, United States
- Type
- Buyout
BrightView Holdings, Inc. acquired Benchmark Landscapes, LLC, a commercial landscaping company headquartered in Austin, Texas. The acquisition (terms not disclosed) expands BrightView's footprint in Texas and brings Benchmark's ~240 employees and six branches into BrightView's national platform.
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January 17, 2019
- Buyer
- Natural Systems Utilities
- Target
- Bennett Environmental Associates LLC
- Industry
- Environmental Services
- Location
- Massachusetts, United States
- Type
- Buyout
Natural Systems Utilities (NSU) has acquired Bennett Environmental Associates LLC (BEA), bringing BEA's ~30 onsite water/wastewater systems and 160 Title V facilities into NSU's operations. The acquisition expands NSU's footprint into Cape Cod and the islands of Massachusetts and transfers all BEA contracts and business operations to NSU.
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