M&A Deal Summary

SK Capital Partners Acquires Milestone Environmental Services

On October 4, 2023, private equity firm SK Capital Partners acquired environmental company Milestone Environmental Services from Amberjack Capital Partners

Acquisition Highlights
  • This is SK Capital Partners’ 1st transaction in the Environmental sector.
  • This is SK Capital Partners’ 25th transaction in the United States.
  • This is SK Capital Partners’ 6th transaction in Texas.

M&A Deal Summary
Date 2023-10-04
Target Milestone Environmental Services
Sector Environmental
Buyer(s) SK Capital Partners
Sellers(s) Amberjack Capital Partners
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
White & Case (Legal)

Target

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.

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Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.

DEAL STATS #
Overall 38 of 41
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 8 of 9
State (Texas) 6 of 6
Country (United States) 25 of 27
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-27 Ecopol

Pistoia, Italy

Ecopol is a global producer of water-soluble and biodegradable films and delivery systems. The Company’s solutions for unit-dose applications allow brands to significantly reduce CO2 emissions and the usage of water and virgin plastic throughout their supply chains. Ecopol is based in Pistoia, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 J&K Ingredients

Paterson, New Jersey, United States

J&K Ingredients is a producer of natural, organic, and clean label baked goods ingredients. The Company developed the first natural mold inhibitor and today offers more than 400 bakery ingredient products across 13 categories to a broad customer base comprised of commercial bakeries and bakery product wholesalers and distributors. J&K Ingredients was founded in 1899 and is based in Paterson, New Jersey.

Buy -

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 14 of 15
Sector (Environmental) 1 of 2
Type (Secondary Buyout) 3 of 4
State (Texas) 13 of 14
Country (United States) 13 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-06 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 was founded in 2009 and is based in Richmond, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 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 was founded in 2009 and is based in Richmond, Texas.

Sell -
Mergr

Product

Company

Legal