The Business

A&D Environmental Services (www.adenviro.com), headquartered in High Point, North Carolina, is a provider of environmental and industrial services, offering a full range of industrial, remediation, waste management, transportation, and emergency response services from eight locations throughout the southeast and Colorado. The Company offers a broad range of services that are critical to its customers, including heavy industrial cleaning, remediation of contaminated soil, hazardous and non-hazardous waste management, transportation of hazardous and non-hazardous materials, and emergency spill response and cleanup. Over its 20-year history, A&D has developed a reputation as a leader within the environmental services industry due to its strong brand, superior customer service, highly technical workforce, and broad service offering.
The Industry

A&D participates in the growing $18+ billion U.S. environmental services industry, which is expected to grow steadily over the next several years due to rising industrial activity and recovering U.S. non-residential construction.  A&D expects to grow significantly faster than the overall U.S. environmental services industry, due to the Company’s location in the southeast U.S. and economic trends at play in its served markets.  Over the last several years, the southeast has outperformed the rest of the U.S. in both population and manufacturing employment growth, driven by the region’s favorable (i) labor costs, (ii) labor flexibility,  (iii) energy costs, and (iv) real estate prices.
The Process

Prestwick Partners initiated this transaction and acted as the exclusive financial advisor to A&D, Tillery Capital, Northstar Capital, and Centerfield Capital.  Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals, and negotiated the transaction with The RossWay Group, an Elyria, Ohio-based industrial and environmental services firm.  Prestwick’s process included both strategic acquirers and private equity groups.