September 1, 2021
New York, NY – Kinderhook Industries, LLC (“Kinderhook”) today announced the sale of ACV Enviro Corporation (“ACV” or the “Company”). Terms of the transaction were not disclosed.
ACV is a leading regional provider of integrated hazardous and non-hazardous waste management services throughout the Northeastern United States to commercial and government entities, including utilities, refineries, power plants, and chemical manufacturing plants, in addition to academic and medical institutions. The Company provides comprehensive waste removal services including assessment, remediation, treatment, transportation, laboratory analysis, storage, and disposal for both planned and emergency responses.
ACV Enviro was created in November 2015 through the combination of the field services and hazardous and non-hazardous waste disposal solutions of Clean Venture Cycle Chem and the field and industrial services of Allstate Power Vac, Inc. The platform was created to build a regional leader in the provision of hazardous and non-hazardous waste management services. Kinderhook recruited well-known industry executives to build a vertically integrated environmental solutions business and execute on an aggressive growth strategy by building a uniquely permitted footprint, investing in technology infrastructure as well as capabilities at its waste processing facilities, and completing three strategic add-on acquisitions.
Rob Michalik, Managing Director at Kinderhook, stated, “This is an outstanding outcome for Kinderhook, ACV, and its employees. The ACV team, led by Andy Shackett, executed on an aggressive growth strategy to build a highly strategic, vertically integrated environmental solutions business. We are very proud of the ACV Team’s accomplishments and expect the Company to continue its track record of success in the future. Our investment in ACV highlights the key tenets of Kinderhook’s investment strategy – partnering with world class management teams to create highly strategic assets and building great companies through acquisitions.”
Kirkland & Ellis served as legal counsel to ACV. Brown Gibbons Lang & Company served as ACV’s exclusive financial advisor for this transaction.