All sectors
Environmental
Who acquires Environmental companies
76 distinct acquirers across 96 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
96
Transactions
2014 to 2026
76
Named acquirers
distinct buyers
7.4x
Median EV/EBITDA
from 15 disclosed
$92m
Median deal size
enterprise value
Most active acquirers
Ranked by number of acquisitions recorded in this sector. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
- Clean Harbors4 deals
- Marlowe4 deals
- Casella3 deals
- GFL Environmental3 deals
- Biffa3 deals
- VIG Partners (PE)2 deals
- Cleanaway2 deals
- Consolidated Water2 deals
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| ES&H | CLEAN HARBORS INC | 2026-07-29 | $305m | 10.2x | 3.4x |
| Enviri Clean Earth business | Veolia Environnement S.A. | 2026-06-01 | $3.0bn | 0.0x | 0.0x |
| Collins Building & Contracting | Collins Reclamation | 2025-12-31 | $0k | 0.0x | 0.0x |
| Resource Group US Holdings LLC | Safe & Green Development Corp | 2025-06-02 | $0k | 0.0x | 0.0x |
| TRS Group | Parsons Corp. | 2025-02-04 | $36m | 0.0x | 0.0x |
| SmartCover Systems | Badger Meter | 2025-01-31 | $185m | 0.0x | 5.3x |
| Daewon Green Bio | VIG Partners (PE) | 2024-07-01 | $51m | 0.0x | 0.0x |
| Citywide | Cleanaway | 2024-06-24 | $110m | 0.0x | 0.0x |
| EnGlobe | Colliers International Group | 2024-06-03 | $475m | 0.0x | 1.4x |
| Hepaco | Clean Harbors | 2024-02-06 | $400m | 0.0x | 0.0x |
| Secure Energy Services - 30 energy waste treatment and disposal facilities | R3 Treatment | 2024-02-01 | $817m | 0.0x | 0.0x |
| Ramey Environmental Compliance | Consolidated Water | 2023-11-06 | $4m | 0.0x | 0.0x |
| H2O Innovation | Ember Infrastructure (PE) | 2023-10-03 | $300m | 0.0x | 1.6x |
| Baltimore Scrap | Sims Metal | 2023-08-15 | $177m | 0.0x | 0.0x |
| Twin Bridges | Casella | 2023-06-12 | $219m | 0.0x | 0.0x |
| GFL Environmental Corp's Select Solid Waste Operations | Casella | 2023-04-24 | $525m | 0.0x | 0.0x |
| Derichebourg | Elior Group | 2022-12-20 | $507m | 0.0x | 0.0x |
| Ironclad Environmental | Kinderhook Industries (PE) | 2022-08-22 | $323m | 0.0x | 0.0x |
| PARO | Renewi | 2022-05-24 | $76m | 6.7x | 1.6x |
| Veolia’s Industrial Water Treatment Services Business | Seche Environnement | 2022-05-24 | $45m | 10.0x | 0.7x |
| FASA | Darling Ingredients | 2022-05-05 | $560m | 0.0x | 0.0x |
| Harp Renewables | Renovare Environmental | 2022-03-03 | $20m | 0.0x | 0.0x |
| Mar Cor | Evoqua | 2021-12-20 | $196m | 0.0x | 0.0x |
| InStream | Quest Resource | 2021-12-08 | $11m | 0.0x | 0.0x |
| RWS | Quest Resource | 2021-12-08 | $33m | 0.0x | 0.0x |
| MetalX - Ferrous Recycling Business | BlueScope | 2021-11-05 | $240m | 0.0x | 0.0x |
| PSC Metals | SA Recycling | 2021-10-29 | $290m | 0.0x | 0.0x |
| Augean | Ancala Partners (PE) | 2021-10-20 | $600m | 0.0x | 0.0x |
| Ferrous Processing & Trading | Cliffs | 2021-10-11 | $775m | 0.0x | 0.0x |
| Bioenergy Farm Asan | VIG Partners (PE) | 2021-08-31 | $100m | 0.0x | 0.0x |
| Tidewater Environmental | Artesian Resources | 2021-08-30 | $6m | 0.0x | 0.0x |
| Vertex Energy | Clean Harbors | 2021-06-29 | $140m | 0.0x | 0.0x |
| APG | Sanexen | 2021-06-03 | $38m | 6.3x | 1.2x |
| Suez S.A. - OSIS Business | Veolia Environnement | 2021-05-18 | $336m | 0.0x | 0.0x |
| StormGeo | Alfa Laval | 2021-05-10 | $439m | 0.0x | 0.0x |
| Empire Services | MassRoots | 2021-05-05 | $14m | 0.0x | 0.0x |
| Terrapure Environmental | GFL Environmental | 2021-03-15 | $705m | 0.0x | 2.5x |
| Nordic Water Products AB | Sulzer | 2021-01-11 | $142m | 0.0x | 0.0x |
| BlueInGreen LLC | Chart Industries | 2020-11-03 | $26m | 0.0x | 0.0x |
| DTG Recycle | Clairvest Group (PE) | 2020-01-20 | $32m | 0.0x | 0.0x |
| County Waste | GFL Environmental | 2020-01-02 | $46m | 0.0x | 0.0x |
| J & J Services | Main Street Capital (PE) | 2019-11-06 | $25m | 0.0x | 0.0x |
| PERC Water Corp. | Consolidated Water | 2019-10-30 | $4m | 0.0x | 0.5x |
| Hillstone Environmental Partners LLC | Jefferies Capital Partners (PE) | 2019-09-26 | $600m | 0.0x | 0.0x |
| Banksmeadow Recycling | CPE Capital (PE) | 2019-09-10 | $36m | 0.0x | 0.0x |
| ISA Recycling | River Metals Recycling LLC | 2019-08-19 | $23m | 0.0x | 0.0x |
| Metallo Group | Aurubis | 2019-05-22 | $428m | 0.0x | 0.4x |
| Clean Earth | Enviri | 2019-05-09 | $625m | 0.0x | 0.0x |
| Water-Right | AO Smith | 2019-04-08 | $107m | 0.0x | 1.8x |
| APEM | WestBridge (PE) | 2019-03-12 | $15m | 0.0x | 0.0x |
| Hays Utility South Corp. | H2O Innovation | 2018-11-30 | $7m | 3.4x | 0.4x |
| Ecoserv Industrial Disposal LLC | US Ecology | 2018-11-14 | $87m | 0.0x | 0.0x |
| NGL Energy Partners LP - Water Solutions Bakken | Tallgrass Energy Partners | 2018-11-12 | $91m | 0.0x | 0.0x |
| AUC Group LP | AquaVenture Holdings LLC | 2018-11-01 | $130m | 0.0x | 0.0x |
| Clearwater Solutions | Nuverra | 2018-10-05 | $42m | 0.0x | 0.0x |
| Weir Waste Services Ltd. | Biffa | 2018-08-17 | $25m | 7.4x | 1.0x |
| Re Sustainability | KKR (PE) | 2018-08-12 | $925m | 0.0x | 0.0x |
| Stericycle | Cantel Medical Corp. | 2018-08-03 | $17m | 0.0x | 1.9x |
| IPS S.A.I.C. y F | Grupo Rotoplas S.A.B. de C.V. | 2018-06-20 | $61m | 0.0x | 0.0x |
| Proact Services Corp. | Evoqua | 2018-06-20 | $132m | 11.0x | 2.4x |
| Layne Christensen Co. | Granite Construction | 2018-06-14 | $536m | 0.0x | 0.0x |
| Attero | 3i Infrastructure (PE), 11-15 Seaton Place | 2018-03-30 | $227m | 0.0x | 0.0x |
| H.E.C. Europe | Aegean Marine Petroleum Network Inc. | 2018-02-20 | $367m | 0.0x | 0.0x |
| Veolia North America LLC - Industrial Cleaning Services | Clean Harbors | 2018-01-23 | $120m | 0.0x | 0.0x |
| Complete Disposal Co. | Casella | 2018-01-04 | $17m | 0.0x | 0.0x |
| Guardian Water Treatment Ltd. | Marlowe | 2017-12-21 | $4m | 0.0x | 0.5x |
| Tox Free Solutions Ltd. | Cleanaway | 2017-12-11 | $478m | 8.1x | 1.4x |
| O’Brien Waste Recycling Solutions | Biffa | 2017-07-05 | $54m | 5.0x | 1.0x |
| Advance Environmental Ltd. | Marlowe | 2017-06-16 | $3m | 1.9x | 0.6x |
| ClearCircle Environmental Ltd. | NorthEdge Capital (PE) | 2017-04-26 | $25m | 0.0x | 0.0x |
| Future Industrial Services | NorthEdge Capital (PE) | 2017-04-26 | $25m | 0.0x | 0.7x |
| Enva | Exponent Private Equity (PE) | 2017-04-05 | $337m | 0.0x | 1.4x |
| Metro Rod Ltd. | Franchise Brands plc | 2017-03-23 | $43m | 0.0x | 0.0x |
| Advanced Environmental Recycling Technologies | Oldcastle Architectural | 2017-03-17 | $117m | 0.0x | 0.0x |
| Solid Waste Technologies SA Pty Ltd. | Averda | 2017-02-01 | $8m | 0.0x | 0.0x |
| Nature Port Reception Facilities (Gibraltar) Ltd. | Gib Oil Ltd. | 2017-01-16 | $6m | 0.0x | 0.0x |
| Rolloffs Hawaii LLC | West Oahu Aggregate Co. | 2017-01-05 | $5m | 0.0x | 0.0x |
| Tox Free Solutions Ltd. - Medical Waste Business | Daniels Health | 2016-10-27 | $186m | 8.9x | 2.2x |
| H2O Chemicals Ltd. | Marlowe | 2016-09-08 | $4m | 2.8x | 0.5x |
| Citiwaste LLC | Sharps | 2016-07-06 | $9m | 0.0x | 3.0x |
| Cory Environmental Municipal Services Ltd. | Biffa | 2016-06-10 | $21m | 0.0x | 0.4x |
| Ekokem Oyj | Fortum | 2016-05-27 | $789m | 12.7x | 2.7x |
| Colt Holdings Ltd. | Augean | 2016-05-19 | $14m | 9.2x | 1.3x |
| WCS Environmental Group Ltd. | Marlowe | 2016-04-18 | $4m | 2.5x | 0.4x |
| Mondi - Raubling Containerboard Mill | Heinzel Holding GmbH | 2015-10-29 | $28m | 0.0x | 0.0x |
| Services Matrec | GFL Environmental | 2015-10-29 | $608m | 0.0x | 0.0x |
| Union Hill Water Supply Corp. | Aqua Texas | 2015-09-18 | $356m | 0.0x | 0.0x |
| Metalico | Undisclosed | 2015-09-11 | $87m | 0.0x | 0.0x |
| ECO | Beijing Capital Private Equity (PE) | 2015-08-04 | $174m | 0.0x | 0.0x |
| MS Industrial Services Ltd. (MSIS) | Primary Capital Partners (PE) | 2015-06-01 | $31m | 0.0x | 0.0x |
| Thermo Fluids | Clean Harbors | 2015-02-04 | $85m | 0.0x | 0.0x |
| Tervita | Republic Services | 2014-12-19 | $485m | 0.0x | 0.0x |
| Israel Chemicals - Performance Products | Kurita Water Industries | 2014-10-26 | $282m | 0.0x | 0.0x |
| FCC Environmental LLC | Crystal Clean | 2014-10-16 | $90m | 0.0x | 0.0x |
| Custom Blenders | Darling Ingredients | 2014-10-01 | $19m | 0.0x | 0.0x |
| Coal and Coke Merchants | LDC (PE) | 2014-09-22 | $92m | 0.0x | 0.0x |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Environmental & Safety companies
On PEStore, Environmental sits within Environmental & Safety. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Environmental & Safety investors and acquirers on PEStoreMultiples across every sector
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