Environmental
Who acquires Environmental companies
74 distinct acquirers across 95 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Environmental companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| Clean Harbors | 4 | 2024 |
| Marlowe | 4 | 2017 |
| Casella | 3 | 2023 |
| GFL Environmental | 3 | 2021 |
| Biffa | 3 | 2018 |
| Veolia Environnement S.A. | 2 | 2026 |
| VIG Partners (PE) | 2 | 2024 |
| Cleanaway | 2 | 2024 |
| Consolidated Water | 2 | 2023 |
| Darling Ingredients | 2 | 2022 |
Counted from 95 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Environmental band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| Enviri Clean Earth business | Veolia Environnement S.A. | 2026-06-01 | $3.0bn | n/d | n/d |
| Collins Building & Contracting | Collins Reclamation | 2025-12-31 | n/d | n/d | n/d |
| Resource Group US Holdings LLC | Safe & Green Development Corp | 2025-06-02 | n/d | n/d | n/d |
| TRS Group | Parsons Corp. | 2025-02-04 | $36m | n/d | n/d |
| SmartCover Systems | Badger Meter | 2025-01-31 | $185m | n/d | 5.3x |
| Daewon Green Bio | VIG Partners (PE) | 2024-07-01 | $51m | n/d | n/d |
| Citywide | Cleanaway | 2024-06-24 | $110m | n/d | n/d |
| EnGlobe | Colliers International Group | 2024-06-03 | $475m | n/d | 1.4x |
| Hepaco | Clean Harbors | 2024-02-06 | $400m | n/d | n/d |
| Secure Energy Services - 30 energy waste treatment and disposal facilities | R3 Treatment | 2024-02-01 | $817m | n/d | n/d |
| Ramey Environmental Compliance | Consolidated Water | 2023-11-06 | $4m | n/d | n/d |
| H2O Innovation | Ember Infrastructure (PE) | 2023-10-03 | $300m | n/d | 1.6x |
| Baltimore Scrap | Sims Metal | 2023-08-15 | $177m | n/d | n/d |
| Twin Bridges | Casella | 2023-06-12 | $219m | n/d | n/d |
| GFL Environmental Corp's Select Solid Waste Operations | Casella | 2023-04-24 | $525m | n/d | n/d |
| Derichebourg | Elior Group | 2022-12-20 | $507m | n/d | n/d |
| Ironclad Environmental | Kinderhook Industries (PE) | 2022-08-22 | $323m | n/d | n/d |
| 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 | n/d | n/d |
| Harp Renewables | Renovare Environmental | 2022-03-03 | $20m | n/d | n/d |
| Mar Cor | Evoqua | 2021-12-20 | $196m | n/d | n/d |
| InStream | Quest Resource | 2021-12-08 | $11m | n/d | n/d |
| RWS | Quest Resource | 2021-12-08 | $33m | n/d | n/d |
| MetalX - Ferrous Recycling Business | BlueScope | 2021-11-05 | $240m | n/d | n/d |
| PSC Metals | SA Recycling | 2021-10-29 | $290m | n/d | n/d |
| Augean | Ancala Partners (PE) | 2021-10-20 | $600m | n/d | n/d |
| Ferrous Processing & Trading | Cliffs | 2021-10-11 | $775m | n/d | n/d |
| Bioenergy Farm Asan | VIG Partners (PE) | 2021-08-31 | $100m | n/d | n/d |
| Tidewater Environmental | Artesian Resources | 2021-08-30 | $6m | n/d | n/d |
| Vertex Energy | Clean Harbors | 2021-06-29 | $140m | n/d | n/d |
| APG | Sanexen | 2021-06-03 | $38m | 6.3x | 1.2x |
| Suez S.A. - OSIS Business | Veolia Environnement | 2021-05-18 | $336m | n/d | n/d |
| StormGeo | Alfa Laval | 2021-05-10 | $439m | n/d | n/d |
| Empire Services | MassRoots | 2021-05-05 | $14m | n/d | n/d |
| Terrapure Environmental | GFL Environmental | 2021-03-15 | $705m | n/d | 2.5x |
| Nordic Water Products AB | Sulzer | 2021-01-11 | $142m | n/d | n/d |
| BlueInGreen LLC | Chart Industries | 2020-11-03 | $26m | n/d | n/d |
| DTG Recycle | Clairvest Group (PE) | 2020-01-20 | $32m | n/d | n/d |
| County Waste | GFL Environmental | 2020-01-02 | $46m | n/d | n/d |
| J & J Services | Main Street Capital (PE) | 2019-11-06 | $25m | n/d | n/d |
| PERC Water Corp. | Consolidated Water | 2019-10-30 | $4m | n/d | 0.5x |
| Hillstone Environmental Partners LLC | Jefferies Capital Partners (PE) | 2019-09-26 | $600m | n/d | n/d |
| Banksmeadow Recycling | CPE Capital (PE) | 2019-09-10 | $36m | n/d | n/d |
| ISA Recycling | River Metals Recycling LLC | 2019-08-19 | $23m | n/d | n/d |
| Metallo Group | Aurubis | 2019-05-22 | $428m | n/d | 0.4x |
| Clean Earth | Enviri | 2019-05-09 | $625m | n/d | n/d |
| Water-Right | AO Smith | 2019-04-08 | $107m | n/d | 1.8x |
| APEM | WestBridge (PE) | 2019-03-12 | $15m | n/d | n/d |
| Hays Utility South Corp. | H2O Innovation | 2018-11-30 | $7m | 3.4x | 0.4x |
| Ecoserv Industrial Disposal LLC | US Ecology | 2018-11-14 | $87m | n/d | n/d |
| NGL Energy Partners LP - Water Solutions Bakken | Tallgrass Energy Partners | 2018-11-12 | $91m | n/d | n/d |
| AUC Group LP | AquaVenture Holdings LLC | 2018-11-01 | $130m | n/d | n/d |
| Clearwater Solutions | Nuverra | 2018-10-05 | $42m | n/d | n/d |
| Weir Waste Services Ltd. | Biffa | 2018-08-17 | $25m | 7.4x | 1.0x |
| Re Sustainability | KKR (PE) | 2018-08-12 | $925m | n/d | n/d |
| Stericycle | Cantel Medical Corp. | 2018-08-03 | $17m | n/d | 1.9x |
| IPS S.A.I.C. y F | Grupo Rotoplas S.A.B. de C.V. | 2018-06-20 | $61m | n/d | n/d |
| Proact Services Corp. | Evoqua | 2018-06-20 | $132m | 11.0x | 2.4x |
| Layne Christensen Co. | Granite Construction | 2018-06-14 | $536m | n/d | n/d |
| Attero | 3i Infrastructure (PE), 11-15 Seaton Place | 2018-03-30 | $227m | n/d | n/d |
| H.E.C. Europe | Aegean Marine Petroleum Network Inc. | 2018-02-20 | $367m | n/d | n/d |
| Veolia North America LLC - Industrial Cleaning Services | Clean Harbors | 2018-01-23 | $120m | n/d | n/d |
| Complete Disposal Co. | Casella | 2018-01-04 | $17m | n/d | n/d |
| Guardian Water Treatment Ltd. | Marlowe | 2017-12-21 | $4m | n/d | 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 | n/d | n/d |
| Future Industrial Services | NorthEdge Capital (PE) | 2017-04-26 | $25m | n/d | 0.7x |
| Enva | Exponent Private Equity (PE) | 2017-04-05 | $337m | n/d | 1.4x |
| Metro Rod Ltd. | Franchise Brands plc | 2017-03-23 | $43m | n/d | n/d |
| Advanced Environmental Recycling Technologies | Oldcastle Architectural | 2017-03-17 | $117m | n/d | n/d |
| Solid Waste Technologies SA Pty Ltd. | Averda | 2017-02-01 | $8m | n/d | n/d |
| Nature Port Reception Facilities (Gibraltar) Ltd. | Gib Oil Ltd. | 2017-01-16 | $6m | n/d | n/d |
| Rolloffs Hawaii LLC | West Oahu Aggregate Co. | 2017-01-05 | $5m | n/d | n/d |
| 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 | n/d | 3.0x |
| Cory Environmental Municipal Services Ltd. | Biffa | 2016-06-10 | $21m | n/d | 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 | n/d | n/d |
| Services Matrec | GFL Environmental | 2015-10-29 | $608m | n/d | n/d |
| Union Hill Water Supply Corp. | Aqua Texas | 2015-09-18 | $356m | n/d | n/d |
| Metalico | Undisclosed | 2015-09-11 | $87m | n/d | n/d |
| ECO | Beijing Capital Private Equity (PE) | 2015-08-04 | $174m | n/d | n/d |
| MS Industrial Services Ltd. (MSIS) | Primary Capital Partners (PE) | 2015-06-01 | $31m | n/d | n/d |
| Thermo Fluids | Clean Harbors | 2015-02-04 | $85m | n/d | n/d |
| Tervita | Republic Services | 2014-12-19 | $485m | n/d | n/d |
| Israel Chemicals - Performance Products | Kurita Water Industries | 2014-10-26 | $282m | n/d | n/d |
| FCC Environmental LLC | Crystal Clean | 2014-10-16 | $90m | n/d | n/d |
| Custom Blenders | Darling Ingredients | 2014-10-01 | $19m | n/d | n/d |
| Coal and Coke Merchants | LDC (PE) | 2014-09-22 | $92m | n/d | n/d |
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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