BGL Announces the Sale of Shamrock Environmental to Republic Services

Rhea-AI Summary

Republic Services (NYSE: RSG) has acquired Shamrock Environmental, a leading industrial waste and wastewater services platform, from CenterOak Partners. Brown Gibbons Lang & Company (BGL) served as the financial advisor for the transaction.

Shamrock Environmental, founded in 1994 and based in Browns Summit, North Carolina, operates a network of interconnected, permitted facilities providing industrial waste and wastewater services across more than 20 states. The company specializes in collecting and transporting recurring liquid waste for diverse commercial and industrial customers.

The acquisition strengthens Republic Services' position in waste management and environmental services across North America, where it already provides recycling, solid waste, special waste, hazardous waste, and field and industrial services for residential, commercial, and industrial markets. The specific terms of the transaction were not disclosed.

Positive

• Expansion of Republic Services' industrial waste and wastewater capabilities
• Geographic expansion across 20+ states through Shamrock's network
• Enhancement of recurring revenue streams through established customer base
• Strategic vertical integration in the industrial waste sector

Negative

• None.

Insights

M&A Strategy Analyst

This strategic acquisition significantly enhances Republic Services' capabilities in the specialized industrial waste and wastewater management sector. Shamrock Environmental's network of highly permitted facilities represents a substantial competitive advantage, as these permits create significant barriers to entry and are increasingly difficult to obtain in the environmental services industry.

The transaction is particularly valuable for three key reasons: First, Shamrock's recurring revenue model from industrial customers adds predictable cash flows to Republic's portfolio, enhancing earnings stability. Second, the vertical integration model allows for better margin control and operational efficiency across the waste management value chain. Third, the geographic expansion across more than 20 states provides Republic with immediate scale in industrial liquid waste services, a high-margin segment with strong growth potential.

The acquisition aligns with the broader industry consolidation trend, where major waste management companies are strategically acquiring specialized operators to expand their service offerings and capture higher-margin business segments. Shamrock's established presence in industrial waste services, combined with Republic's extensive infrastructure and operational expertise, creates significant cross-selling opportunities and operational synergies.

CLEVELAND, Feb. 24, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Shamrock Environmental (Shamrock), a premier, vertically integrated industrial waste and wastewater services platform and portfolio company of CenterOak Partners, to Republic Services, Inc. (NYSE: RSG). BGL's Environmental Infrastructure investment banking team served as a financial advisor to Shamrock in the transaction. The specific terms of the transaction were not disclosed.

Shamrock is a leading vertically integrated industrial waste and wastewater platform.

Founded in 1994 and headquartered in Browns Summit, North Carolina, Shamrock is a leading vertically integrated industrial waste and wastewater platform. Leveraging its network of interconnected, highly permitted facilities and complementary industrial and field services, Shamrock collects and transports recurring liquid waste for a highly diverse and attractive commercial and industrial customer base across more than 20 states.

Headquartered in Phoenix, Arizona, Republic Services is one of the largest waste management and environmental services companies in North America, providing recycling, solid waste, special waste, hazardous waste, and field and industrial services for the residential, commercial, and industrial end markets.

BGL's Environmental Services & Infrastructure investment banking team has been ranked #1 in Environmental Services transaction volume in North America since 2016, according to Pitchbook.com. Our Environmental team focuses on businesses that perform essential services to the waste processing & disposal, water & wastewater treatment, waste-to-value, and waste-to-energy markets.

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has investment banking offices in Boston, Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago, Cleveland, and San Antonio. The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com. 

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SOURCE Brown Gibbons Lang & Company

FAQ

What company did Republic Services (RSG) acquire in February 2024?

Republic Services acquired Shamrock Environmental, a vertically integrated industrial waste and wastewater services platform, from CenterOak Partners.

What is Shamrock Environmental's geographic coverage for RSG?

Shamrock Environmental operates across more than 20 states, providing industrial waste and wastewater services through its network of interconnected facilities.

What services will RSG gain from the Shamrock Environmental acquisition?

The acquisition adds industrial waste and wastewater collection and transportation services, along with a network of permitted facilities serving commercial and industrial customers.

How will the Shamrock acquisition impact RSG's service offerings?

The acquisition expands Republic Services' capabilities in industrial waste and wastewater services, complementing its existing portfolio of recycling, solid waste, special waste, and hazardous waste services.