List of 25 Minnesota-based Environmental Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Ecolab NYSE : ECL St. Paul, Minnesota, United States website	Environmental	15,320	62	52	10
U.S. Water Services, Inc. Acquired Kurita Water Industries 2019-02-08 St. Michael, Minnesota, United States website	Environmental	120	4	4	-
Mar Cor Acquired Evoqua 2021-12-20 $196.3M Plymouth, Minnesota, United States website	Environmental	-	3	3	-
JanOne NASDAQ : JAN Las Vegas, Minnesota, United States website	Environmental	34	4	2	2
Alliance Recycling Group Private Minneapolis, Minnesota, United States website	Environmental	-	1	1	-
Asset Recovery Corp. Acquired Arrow Electronics 2012-02-27 St. Paul, Minnesota, United States website	Environmental	20	-	-	-
Aeration Industries International LLC Acquired Newterra 2018-03-06 Chaska, Minnesota, United States website	Environmental	-	-	-	-
Fluence - Aeromix Aeration & Mixing Portfolio Acquired Newterra 2024-02-05 Minneapolis, Minnesota, United States	Environmental	-	-	-	-
Vieau Associates, Inc. Acquired GZA GeoEnvironmental, Inc. 2020-01-20 Edina, Minnesota, United States website	Environmental	-	-	-	-
Liesch Associates, Inc. Acquired Terracon Consultants, Inc. 2013-01-10 Minneapolis, Minnesota, United States website	Environmental	-	-	-	-
S&S Tree and Horticultural Specialists, Inc. Acquired The Davey Tree Expert Co. 2013-02-07 Saint Paul, Minnesota, United States website	Environmental	-	-	-	-
Blue Lakes Disposal, Inc. Acquired Waste Management 2016-11-11 Brainerd, Minnesota, United States website	Environmental	-	-	-	-
Bay West PE Backed Banyan Investment Partners Convergent Capital Partners 2013-10-01 St Paul, Minnesota, United States website	Environmental	-	-	-	-
Blue Zones LLC Acquired Adventist Health 2020-04-08 Minneapolis, Minnesota, United States website	Environmental	-	-	-	-
Fluence Public Golden Valley, Minnesota, United States website	Environmental	70	1	-	1
Svoboda Ecological Resources Acquired I+S Group (ISG) 2016-03-29 Excelsior, Minnesota, United States website	Environmental	-	-	-	-

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