M&A Deal Summary

NMS Capital Acquires NorthWest Environmental

On September 4, 2025, private equity firm NMS Capital acquired environmental company NorthWest Environmental

Acquisition Highlights
  • This is NMS Capital’s 2nd transaction in the Environmental sector.
  • This is NMS Capital’s 26th transaction in the United States.
  • This is NMS Capital’s 3rd transaction in Maryland.

M&A Deal Summary

Date 2025-09-04
Target NorthWest Environmental
Sector Environmental
Buyer(s) NMS Capital
Deal Type Recapitalization
Advisor(s) Miles & Stockbridge (Legal)

Target

NorthWest Environmental

Baltimore, Maryland, United States
Northwest Environmental is a waste-management and recycling consultancy offering nationwide services, including waste audits, vendor management, roll-off rentals, medical and valet waste handling, shredding, and portfolio waste programs for a wide range of commercial clients. NorthWest Environmental was founded in 2008 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

NMS Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMS Capital is a private investment firm that specializes in strategic equity investments and leveraged buyouts. The Firm targets middle-market growth companies throughout the US. New Mainstream focuses on companies with experienced management, high operating margins, and strong cash flows. NMS Capital looks to invest $25 to $75 million in companies valued up to $150 million. The Firm will consider opportunities in a variety of sectors, however the Firm has a special interest in healthcare services, consumer products/services, and specialized business services. NMS Capital was formed in 2010 and is based in New York, New York.


DEAL STATS #
Overall 27 of 27
Sector: Environmental M&A 2 of 2
Type: Recapitalization M&A Deals 15 of 15
State: Maryland M&A 3 of 3
Country: United States M&A 26 of 26
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Capstone Mechanical

Portsmouth, New Hampshire, United States

Capstone Mechanical is a commercial HVAC service and refrigeration provider specializing in maintenance, repair, and parts/system replacement services. Capstone Mechanical was founded in 2011 and is headquartered in Portsmouth, New Hampshire.

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