Coalesce Capital, a private equity firm focused on investing in business services companies, is to acquire Miller Environmental Group, a provider of waste, industrial, and environmental services across the US, from GenNx360 Capital Partners.
Financial terms of the transaction have not been disclosed.
Miller operates 30 locations throughout the United States and is vertically-integrated across the waste, industrial, and environmental services value chain, with 22 field service branches and a portfolio of 10-day transfer facilities and treatment, storage, and disposal facilities (TSDFs) for waste processing.
According to a press statement, Coalesce will support Miller’s “next phase of growth through investments in human capital, technology, and add-on acquisitions to expand the Company’s branch and facility network and service to its customers”.
Stifel and Houlihan Lokey served as financial advisors and Winston & Strawn LLP served as legal advisor to Miller and GenNx360. Brown Gibbons Lang & Co served as financial advisor and Greenberg Traurig served as legal advisor to Coalesce Capital.
