Coalesce Capital Acquires Miller Environmental Group

Private equity firm Coalesce Capital has announced that it will acquire Miller Environmental Group (Miller) from GenNx360 Capital Partners. The financial terms of the deal were not disclosed.

Miller, established in 1971, is a provider of waste, industrial, and environmental services in the United States, operates 30 locations with 22 field service branches, plus a portfolio of 10-day transfer facilities and treatment, storage, and disposal facilities for waste processing.

"We are thrilled to partner with Coalesce Capital in our next phase as we continue to leverage the market reputation, capability set, and nationwide footprint of the Miller platform," said Rudy Streng, CEO of Miller.

"With the Coalesce team's experience building businesses in the services sector, we are poised to accelerate our growth in the next chapter. We would also like to thank our partners at GenNx360 Capital Partners for their contributions and strategic insight over the past several years."

Following the acquisition, Coalesce will support Miller’s next growth phases via investments in human capital, technology, and other add-on acquisitions. This support will help expand Miller’s branch and facility network, plus provide more service to the company’s customers.

"Waste, industrial, and environmental services represent a highly attractive investment opportunity, driven by essential spending, regulatory tailwinds, and market fragmentation. Miller serves more than 1,800 customers with its complementary services and national reach. We look forward to partnering with Rudy and the management team during the Company's next phase of growth," said Stephanie Geveda, Founder & Managing Partner at Coalesce Capital.

Curtis Roby, Managing Director at Coalesce Capital, said in the statement that Miller sets itself apart with its vertically integrated delivery model, market reputation for quality and safety, and the company’s broad service offering.

"We aim to capitalize on these strengths to accelerate Miller's growth trajectory,” said Roby.