M&A Deal Summary

US Ecology Acquires The Environmental Quality

On June 18, 2014, US Ecology acquired environmental company The Environmental Quality from Kinderhook Industries and Constitution Capital Partners for 465M USD

Acquisition Highlights
  • This is US Ecology’s 2nd transaction in the Environmental sector.
  • This is US Ecology’s largest (disclosed) transaction.
  • This is US Ecology’s 2nd transaction in the United States.
  • This is US Ecology’s 1st transaction in Michigan.

M&A Deal Summary

Date 2014-06-18
Target The Environmental Quality
Sector Environmental
Buyer(s) US Ecology
Sellers(s) Kinderhook Industries
Constitution Capital Partners
Deal Type Add-on Acquisition
Deal Value 465M USD

Target

The Environmental Quality

Wayne, Michigan, United States
website
The Environmental Quality Company is a fully integrated environmental services and waste management organization based in Wayne, Michigan.

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Buyer(S) 1

Buyer

US Ecology

Boise, Idaho, United States

website


Category Company
Founded 1952
Sector Environmental
Employees3,600
Revenue 968M USD (2021)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 5
Sector (Environmental) 2 of 5
Type (Add-on Acquisition) 2 of 3
State (Michigan) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-31 Seaway TLC

Palm Beach Gardens, Florida, United States

Seaway TLC, Inc. is a provider of inorganic and hazardous industrial waste and contaminated soil treatment services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 ES&H Dallas

Grand Prairie, Texas, United States

ES&H Dallas LLC is a provider of Emergency Response, Industrial Services, Remediation, LTL, Transportation, Equipment Cleaning, Waste Disposal, Container Rental, Pipeline, and Recycling Services to customers in the Texas area.

Buy -

Seller(S) 2

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B 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 17 of 40
Sector (Environmental) 1 of 5
Type (Add-on Acquisition) 15 of 31
State (Michigan) 2 of 5
Country (United States) 16 of 39
Year (2014) 3 of 4
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 IDQ Operating

Garland, Texas, United States

IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-03 Thermacell

Bedford, Massachusetts, United States

Thermacell is a developer and marketer of premium branded insect repellent products. Thermacell’s spatial mosquito repellent devices, refills and other insect control products are wholesale distributed primarily through the mass, e-commerce, home & garden and outdoor channels throughout North America. The company’s products are also sold internationally in more than 20 countries.

Buy -
SELLER
DESCRIPTION

Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 4 of 22
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Michigan) 1 of 1
Country (United States) 4 of 20
Year (2014) 3 of 4
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 PATS Aircraft Systems

Georgetown, Delaware, United States

PATS Aircraft Systems LLC is a boutique provider of a diverse array of aircraft services, components and integrated systems to leading original equipment manufacturers (OEMs), airline operators, ultra-high net worth individuals, governments and corporations worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Flagstone Foods

Saint Paul, Minnesota, United States

Flagstone Foods, Inc. (Formerly Snacks Holding Corporation), is a holding company for Ann’s House of Nuts (“Ann’s”) and Amport Foods (“Amport”). Ann’s, based in Columbia, MD, is the largest manufacturer and marketer of trail mixes in North America.

Sell $860M