M&A Deal Summary

EnviroServe Acquires CG Environmental

On May 9, 2024, EnviroServe acquired environmental company CG Environmental from Midwest Mezzanine Funds, Eagle Private Capital and Silver Peak Partners

Acquisition Highlights
  • This is EnviroServe’s 3rd transaction in the Environmental sector.
  • This is EnviroServe’s 3rd transaction in the United States.
  • This is EnviroServe’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-05-09
Target CG Environmental
Sector Environmental
Buyer(s) EnviroServe
Sellers(s) Midwest Mezzanine Funds
Eagle Private Capital
Silver Peak Partners
Deal Type Add-on Acquisition

Target

CG Environmental

Fort Worth, Texas, United States
CG Environmental is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio, and Denver, CG Environmental has the capability to address a variety of situations, including chemical spills, gas spills, and biological hazards. CG Environmental is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

EnviroServe

Cleveland, Ohio, United States

Category Company
Founded 1946
Sector Environmental
DESCRIPTION

EnviroServe is a provider of environmental and waste management services, from Savage, a global provider of supply chain infrastructure and services. EnviroServe was formed in 1946 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 4
Sector (Environmental) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 Clark Environmental

Cleveland, Ohio, United States

Clark Environmental transports, processes, and disposes of non-hazardous and hazardous contaminated soil, sludge, and liquid wastes, in both drum and bulk quantities. Clark Environmental was founded in 1991 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 EPI

Auburn, Maine, United States

EPI provides customers with environmental remediation and waste management services across diverse end markets. EPI is based in Auburn, Maine.

Buy -

Seller(S) 3

SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.


DEAL STATS #
Overall 55 of 56
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 24 of 24
State (Texas) 5 of 5
Country (United States) 54 of 55
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-23 Circuit Check

Maple Grove, Minnesota, United States

Circuit Check is a provider of electronic test equipment and services to OEMs and contract manufacturers in the technology, medical and industrial and markets. Circuit Check was founded in 1979 and is based in Maple Grove, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 United Safety & Survivability

Exton, Pennsylvania, United States

United Safety & Survivability is a manufacturer of innovative safety and survivability solutions for extreme-duty, niche transportation markets. USSC’s primary products are driver seats, passenger seats, fire suppression products, and related spare parts. United Safety & Survivability was founded in 1985 and is based in Exton, Pennsylvania.

Sell -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 47 of 49
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 23 of 25
State (Texas) 3 of 3
Country (United States) 47 of 49
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-05 Assem-Pak

Vineland, New Jersey, United States

Assem-Pak is a manufacturer of aluminum seals and rubber stoppers, services third-party glass products, and provides packaging services. Assem-Pak has been providing quality products and services to the pharmaceutical, laboratory, and medical device markets. Assem-Pak was founded in 2000 and is based in Vineland, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 Viking Plastics

Corry, Pennsylvania, United States

Viking Plastics is a manufacturer of tight-tolerance and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics was founded in 1972 and is based in Corry, Pennsylvania.

Sell -
DESCRIPTION

Silver Peak Partners is a private equity firm focused on small, profitable company acquisitions with $3 to $10 million of EBITDA. Silver Peak Partners looks to partner with management when pursuing investments and will consider opportunities in the infrastructure, environmental and recycling, aerospace and defense, niche/precision manufacturing, and agribusiness sectors. Silver Peak Partners was formed in 2008 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 4
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-04 StormWater Pros

Mesa, Arizona, United States

StormWater Pros is a provider of drywell installation and maintenance, hydro-excavation services, CCTV inspection, stormwater infrastructure maintenance and other related services in the Southwest United States. The company was founded after seeing an opportunity to assist property owners and managers take a proactive approach to inspecting and maintaining site drainage infrastructure. StormWater Pros' ability to help capture and hold stormwater in the ground for future use through installation of drywells is an essential service given the scarcity of water resources in the region.

Buy -