Miller Environmental Group Completes Acquisition of Haz-Mat Environmental Services, Canco

Miller Environmental Group, a Coalesce Capital portfolio company, announced it has acquired Haz-Mat Environmental Services, a full-service provider of industrial and waste treatment and disposal services, and Canco, a leading provider of industrial services.

Financial terms weren’t disclosed.

Haz-Mat and Canco, headquartered in Charlotte, North Carolina, and Chester, South Carolina, respectively, provide a full suite of specialized industrial and waste services, including industrial cleaning, hydro-blasting, and waste collection, transportation, treatment, and disposal.

Haz-Mat and Canco serve several blue-chip customers in the Southeast region.

Officials said the acquisition of Haz-Mat and Canco further strengthens Miller's vertically integrated platform, adding density and capabilities within key regional markets following Miller's recent acquisition of ACE Environmental.

Robb Schreck, CEO of Miller, said: "The acquisition of Haz-Mat and Canco solidifies our presence in an attractive market, while contributing highly complementary services to better serve our respective customers' needs. We are excited to add these trusted teams, known for quality and safety, that reflect Miller's own values, and we look forward to working together to maximize our collective capabilities."

Said Neil Danziger, president of Haz-Mat and Canco: "We believe there is significant value and potential in combining two long-standing pillars in the environmental services industry. By bringing together our respective companies' scale and breadth of services across the industrial and waste services value chain, we are well positioned to grow and serve our customers together."

Miller Environmental Group, founded in 1971, is a service-led provider of waste, industrial, and environmental services serving all sectors of the economy, including power and utility, transportation, retail, and manufacturing.

Miller operates in more than 35 locations throughout the United States. 

Coalesce Capital is a private equity firm that partners with entrepreneurs and management teams to build enduring value around differentiated businesses.

Coalesce has over $1.8 billion of regulatory assets under management and is dedicated to investing in human capital-driven and technology-enabled services companies.