Houlihan Lokey Advises EnviroSolutions

Houlihan Lokey is pleased to announce that EnviroSolutions, Inc. (ESI) has been acquired by Waste Management, Inc.

ESI is a leading regional solid waste and recycling services company providing hauling, transfer, and landfill disposal solutions to meet the needs of commercial, industrial, and residential customers in the Mid-Atlantic region. Its team of experienced professionals helps businesses and communities prosper with a focus on economical, sustainable solutions and responsive, personalized service. ESI services a diverse portfolio of customers across all industries and end markets with the top priorities of world-class customer service, safety performance, and regulatory compliance supported by a "Service Drives Us" philosophy. ESI was previously owned by a consortium of private equity sponsors, including Ascribe Capital, Guggenheim Partners, and PennantPark Investment Corp. (NASDAQ:PNNT).

Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. Waste Management is also a leading developer, operator, and owner of landfill gas-to-energy facilities in the United States. The company serves residential, commercial, industrial, and municipal customers throughout North America.

Houlihan Lokey served as the exclusive financial advisor to ESI and assisted in initiating, structuring, and negotiating the transaction on ESI's behalf. This transaction highlights Houlihan Lokey's continued success in working with high-quality clients and driving successful outcomes as well as the team's expertise advising environmental services companies.