M&A Deal Summary

Republic Services Acquires ACV Enviro

On September 1, 2021, Republic Services acquired environmental company ACV Enviro from Kinderhook Industries

Acquisition Highlights
  • This is Republic Services’ 11th transaction in the Environmental sector.
  • This is Republic Services’ 11th transaction in the United States.
  • This is Republic Services’ 3rd transaction in New Jersey.

M&A Deal Summary

Date 2021-09-01
Target ACV Enviro
Sector Environmental
Buyer(s) Republic Services
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)
Kirkland & Ellis (Legal)

Target

ACV Enviro

Rahway, New Jersey, United States
ACV Enviro is an integrated provider of hazardous and non-hazardous waste management and industrial services throughout the Northeastern United States. The Company provides comprehensive waste removal services including assessment, remediation, transportation, laboratory analysis, storage, and disposal for both planned and emergency responses. ACV Enviro was founded in 1976 and is based in Rahway, New Jersey.

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Buyer(S) 1

Buyer

Republic Services

Phoenix, Arizona, United States

Category Company
Founded 1996
Sector Environmental
Employees41,000
Revenue 15.0B USD (2023)
DESCRIPTION
Entrance to Republic Services' corporate headquarters in Phoenix, Arizona.
Entrance to Republic Services' corporate headquarters in Phoenix, Arizona.

Republic Services is a provider of non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers across the US and Puerto Rico. Republic Services owns or operates transfer stations, active solid waste landfills and recycling centers. The Company also operates landfill gas and renewable energy projects. Republic Services was formed in 1996 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 12 of 14
Sector (Environmental) 11 of 13
Type (Add-on Acquisition) 10 of 11
State (New Jersey) 3 of 3
Country (United States) 11 of 13
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 Republic Services of Puerto Rico

Puerto Rico

Republic Services of Puerto Rico is a provider of environmental services in Puerto Rico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 US Ecology

Boise, Idaho, United States

US Ecology is a provider of environmental services to commercial and government entities. The company addresses the complex waste management and response needs of its customers, offering treatment, disposal, and recycling of hazardous, non-hazardous and radioactive waste, leading emergency response and standby services, and a wide range of complementary fields and industrial services. US Ecology was founded in 1952 and is based in Boise, Idaho.

Buy $2.2B

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 33 of 42
Sector (Environmental) 4 of 5
Type (Add-on Acquisition) 26 of 34
State (New Jersey) 1 of 1
Country (United States) 32 of 41
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Prairie Dog Pet Products

Grand Prairie, Texas, United States

Prairie Dog Pet Products is a specialty manufacturer and marketer of premium, American-made dog treats, including freeze-dried treats, jerky, and natural parts. Prairie Dog Pet Products is headquartered in Grand Prairie, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 StudyKIK

Irvine, California, United States

StudyKIK is a patient recruitment and retention technology company that was founded on building patient communities to increase awareness for clinical trials. Servicing over 3,600 research sites, StudyKIK supports patient recruitment, patient retention, eConsent Solutions, Telemedicine Video Calling, and study companion mobile applications to expedite clinical trials. They have addressed the clinical trial patient recruitment and retention problem by building the technology solutions needed for research sites and pharmaceutical companies to access, manage, and communicate with high-quality patients in real-time. StudyKIK is based in Irvine, California.

Sell -