Houlihan Lokey Advises Miller Environmental

Houlihan Lokey is pleased to announce the sale of Miller Environmental Group (Miller), a portfolio company of GenNx360 Capital Partners (GenNx360), to Coalesce Capital (Coalesce). The transaction closed on September 10, 2024.

Miller, founded in 1971, is a service-led, industry-leading provider of waste, industrial, and environmental services serving all sectors of the economy, including power and utility, transportation, retail, and manufacturing. The company’s vertically integrated network of waste treatment facilities and national network of branches and subcontractors allows it to provide its complementary service offering at scale. Operating in 30 locations throughout the United States, with 22 field service branches and a portfolio of 10-day transfer facilities and treatment, storage, and disposal facilities for waste processing, the company counts several Fortune 500 companies among its varied client base.

Coalesce is a private equity firm that partners with entrepreneurs and management teams to build enduring value around differentiated businesses. Coalesce has more than $1.1 billion of regulatory assets under management and is dedicated to investing in human capital-driven and technology-enabled services companies. The firm’s growth-oriented investment philosophy centers around its conviction that people are the most important ingredient of value creation. Coalesce leverages its sector expertise, strategic resources, and capital to collaborate with management teams to create shared success.

GenNx360 is a private equity firm focused on acquiring middle-market business services and industrial companies. GenNx360 partners with companies with proven and sustainable business models in expanding industries with the objective of implementing and supporting value-enhancing organic and inorganic initiatives to accelerate growth, deliver cost efficiencies, and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City.

Houlihan Lokey served as a financial advisor to Miller. This transaction highlights Houlihan Lokey’s preeminent position and continued success advising clients in the environmental services sector, having successfully advised on 25 closed transactions since the beginning of 2023.

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