Business Acquisition & Merger Associates Advises Haz-Mat Environmental Services and Canco LLC in Sale to Miller Environmental Group
Business Acquisition & Merger Associates (“BAMA”), a leading mergers and acquisitions advisory firm, is pleased to announce that it served as the exclusive sell-side advisor to Haz-Mat Environmental Services (“Haz-Mat”) and Canco (together, the “Company”) in their sale to Miller Environmental Group (“Miller”), a portfolio company of Coalesce Capital.
Neil Danziger, the former owner of Haz-Mat and Canco will also participate in ownership of the combined entities going forward. “BAMA did an excellent job finding just the right buyer and growth partner for Haz-Mat and Canco. Getting a strong buyer with experience in a wide variety of environmental and industrial services was a key factor in choosing Miller and creating a win-win scenario for all parties,” noted Danziger
Headquartered in Charlotte, North Carolina, Haz-Mat Environmental Services is a full-service provider of industrial waste, wastewater treatment and disposal services. Canco, based in Chester, South Carolina, complements Haz-Mat with a strong reputation in industrial services. Together, the companies deliver a comprehensive suite of solutions, including industrial cleaning, hydro-blasting, and waste collection, transportation, treatment, and disposal for a diverse base of customers across the Carolinas.
BAMA acted as the exclusive sell-side advisor to Haz-Mat and Canco throughout the transaction, providing guidance across critical phases of the process, including transaction preparation, due diligence coordination, and negotiation support through closing.
Legal counsel for the transaction included Nelson Mullins, who represented the sellers, and Lowenstein, who represented the buyer.
The transaction represents a strategic step forward for both Haz-Mat and Canco, positioning the combined platform for continued growth as part of Miller Environmental Group’s expanding industrial services network. The acquisition enhances Miller Environmental Group’s capabilities and geographic presence, further strengthening its vertically integrated platform within the industrial and environmental services sector.
Business Acquisition & Merger Associates (www.buysellyourbusiness.com), a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
If you own a $10M to $200M revenue environmental services or utility services business and would like a 30 minute exploratory call to know what the market’s like for your company, please contact Matt Bradbury, Managing Director of Business Acquisition & Merger Associates. 704-295-0102.