Environmental Services Recapitalizations in 2025

  • Buyer
    Leonard Green & Partners
    Target
    Jones Lake Management
    Seller
    Fort Point Capital

    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.

  • Buyer
    Everside Capital Partners, Dubin Clark & Company, Inc., Unnamed Florida-based SBIC, Unnamed North Carolina-based SBIC
    Target
    Rumble Pest Solutions

    Everside Capital Partners announced the closing of an investment in Rumble Pest Solutions, a pest-control services provider with operations in Springdale, Arkansas and Springfield and Jefferson City, Missouri, alongside a Florida-based SBIC sponsor and a North Carolina-based SBIC. Separately, Dubin Clark & Company announced a recapitalization of Rumble; the transaction provides sponsor-backed growth/recapitalization capital to support the company’s next phase of expansion and operations.

  • Buyer
    Blue Sage Capital, Crescent Capital Group LP
    Target
    Clean Scapes Enterprises, Inc.

    Austin-based private equity firm Blue Sage Capital has completed an investment in Clean Scapes Enterprises, a commercial landscaping company headquartered in Austin, Texas. The partnership, with Crescent Capital Group serving as the financing partner, will support Clean Scapes' expansion across Texas and beyond while working alongside the company's leadership team to scale operations.

  • Buyer
    Clairvest Group Inc., Clairvest Equity Partners VII (CEP VII)
    Target
    Beneficial Reuse Management
    Seller
    Skyline Global Partners, Other shareholders

    Clairvest Group Inc., together with Clairvest Equity Partners VII, has recapitalized and invested in Beneficial Reuse Management (BRM), acquiring interests from Skyline Global Partners and other shareholders. The investment will support BRM’s growth plan to expand its beneficial reuse, recycling and specialty nutrient distribution business across U.S. end-markets including agriculture, landscape and construction.

  • Buyer
    Heartwood Partners, Apogem Capital, New 2ND Capital, Reinsurance Group of America, Mercer Investments, Round2 Investment Partners, Flexstone Partners, Syndicate investors
    Target
    The Amlon Group

    Heartwood Partners closed a $245 million continuation vehicle on May 15, 2025 to extend its investment in The Amlon Group and provide liquidity to existing investors. Commitments came from Heartwood's GP alongside institutional investors including Apogem Capital, New 2ND Capital, Reinsurance Group of America, Mercer Investments, Round2 Investment Partners, Flexstone Partners and other syndicate investors to support Amlon's M&A pipeline, greenfield expansions and organic growth.

  • Buyer
    Chelsea Square Partners
    Target
    Rescue Cesspool & Drain Inc.

    Chelsea Square Partners completed a majority recapitalization of Rescue Cesspool & Drain, partnering with founder Chris Diesso to support the company's next phase of growth. Rescue Cesspool, headquartered in Islandia, New York, provides cesspool and septic installation, maintenance and emergency services across Long Island; the investment will be used to grow the brand, add service lines and enhance customer experience.

  • Buyer
    Tecum Capital, Laurel Mountain Capital, Comerica Bank
    Target
    5280 Waste Solutions

    Tecum Capital and Laurel Mountain Capital, with financing support from Comerica Bank, have invested in Denver-based 5280 Waste Solutions in a majority recapitalization led by Laurel Mountain Partners (the Kendall Family Office). The capital infusion will support 5280's expansion of commercial and residential waste services, strengthen its Denver market presence, and fund strategic growth initiatives.

  • Buyer
    Clearwell Group, Centerfield Capital Partners, First Merchants Bank
    Target
    Steadfast Alliance

    Tampa-based family office Clearwell Group has completed a recapitalization of Steadfast Alliance, a Florida commercial landscape maintenance, installation and environmental services provider. The transaction was led by Clearwell with support from Centerfield Capital and First Merchants Bank; Steadfast's management, led by John Faulkner, will remain in place and retain a significant stake as the company scales.

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