M&A Deal Summary

Coalesce Capital Acquires Miller Environmental Group

On September 11, 2024, private equity firm Coalesce Capital acquired environmental company Miller Environmental Group from GenNx360 Capital Partners and Harvey & Company

Acquisition Highlights
  • This is Coalesce Capital’s 1st transaction in the Environmental sector.
  • This is Coalesce Capital’s 2nd transaction in the United States.
  • This is Coalesce Capital’s 1st transaction in New York.

M&A Deal Summary

Date 2024-09-11
Target Miller Environmental Group
Sector Environmental
Buyer(s) Coalesce Capital
Sellers(s) GenNx360 Capital Partners
Harvey & Company
Deal Type Secondary Buyout
Advisor(s) Stifel, Nicolaus & Co., Inc.
Houlihan Lokey (Financial)
Winston & Strawn (Legal)

Target

Miller Environmental Group

Calverton, New York, United States
Miller Environmental Group services the utility, transportation, and petrochemical industries in the areas of emergency response, waste transportation and disposal, remediation, and industrial as well as marine services. Miller Environmental Group was founded in 1971 and is based in Calverton, New York.

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Buyer(S) 1

Buyer

Coalesce Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2022
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Examinetics

Overland Park, Kansas, United States

Examinetics is a provider of occupational health compliance testing services, empowers businesses to protect the health and wellbeing of their employees through its comprehensive suite of occupational health compliance solutions, including hearing conservation, respiratory protection, and other medical screening and surveillance. Examinetics was founded in 2004 and is based in Overland Park, Kansas.

Buy -

Seller(S) 2

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 14 of 16
Sector (Environmental) 1 of 2
Type (Secondary Buyout) 5 of 5
State (New York) 2 of 2
Country (United States) 12 of 14
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 GenServe

Bay Shore, New York, United States

GenServe is an independent provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region serving commercial customers in various industries. GenServe was formed in 1990 and is headquartered in Plainview, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-28 Shenandoah Industrial Solutions

Pompano Beach, Florida, United States

Shenandoah Industrial Solutions is a provider of storm drainage system inspection, cleaning, and CIPP rehabilitation serving municipalities and commercial customers. Shenandoah Industrial Solutions is based in Pompano Beach, Florida.

Sell -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 35 of 35
Sector (Environmental) 3 of 3
Type (Secondary Buyout) 12 of 12
State (New York) 3 of 3
Country (United States) 34 of 34
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Fenceworks

Riverside, California, United States

Fenceworks is a fencing installer and distributor serving homebuilders as well as general contractors and local fencing providers. Fenceworks was founded in 1984 and is based in Riverside, California.

Buy -