M&A Deal Summary

H.I.G. Private Equity Acquires Best Trash

On July 11, 2024, private equity firm H.I.G. Private Equity acquired environmental company Best Trash from Amberjack Capital Partners

Acquisition Highlights
  • This is H.I.G. Private Equity’s 7th transaction in the Environmental sector.
  • This is H.I.G. Private Equity’s 235th transaction in the United States.
  • This is H.I.G. Private Equity’s 27th transaction in Texas.

M&A Deal Summary
Date 2024-07-11
Target Best Trash
Sector Environmental
Buyer(s) H.I.G. Private Equity
Sellers(s) Amberjack Capital Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
White & Case (Legal)

Target

Best Trash

Richmond, Texas, United States
Best Trash is an independent waste and recycling collection company focused on providing excellent customer service to residential customers through contracts with municipal utility districts and homeowners associations. Best Trash is based in Richmond, Texas.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 355 of 358
Sector (Environmental) 7 of 7
Type (Secondary Buyout) 63 of 65
State (Texas) 27 of 27
Country (United States) 235 of 237
Year (2024) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-04 CGH

Bydgoszcz, Poland

CGH is a manufacturer of large, engineered storage tanks and tank accessories in EMEA. The Company applies a fully automated production process of environmentally friendly storage tanks for flammable and hazardous liquids, water, or liquefied petroleum gas (LPG), as well as tanks for a wide array of industrial applications serving current energy infrastructures. CGH is headquartered in Bydgoszcz, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 BioVectra

Charlottetown, Prince Edward Island, Canada

BioVectra is a provider of contract manufacturing services to the global pharmaceutical and biotechnology industry and manufactures active pharmaceutical ingredients (API's), chemical intermediates, and bioprocessing reagents. BioVectra was founded in 1970 and is based in Charlottetown, Prince Edward Island.

Sell $925M

Seller(S) 1

SELLER

Amberjack Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.

DEAL STATS #
Overall 15 of 15
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Texas) 14 of 14
Country (United States) 14 of 14
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Milestone Environmental Services

Houston, Texas, United States

Milestone Environmental Services is a national provider of oilfield waste solutions with an engineered waste disposal process that is environmentally focused, cost-effective, and efficient. Milestone operates from strategically located, state-of-the-art processing facilities that provide dependable, local service for leading U.S. oil and gas basins. Milestone Environmental Services was founded in 2014 and is based in Huston, Texas.

Sell -
Mergr

Product

Company

Legal