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Tillery, Northstar and Centerfield sell A&D to JBC Group

JBC Group has acquired High Point, North Carolina-based A&D Environmental Services, an environmental and industrial services provider. The sellers were Tillery Capital, Northstar Capital and Centerfield Capital. No financial terms were disclosed. Prestwick Partners LLC served as the advisor on the transaction.


Minneapolis, Minnesota – May 14, 2015

Prestwick Partners, LLC is pleased to announce the sale of A&D Environmental Services to JBC Group, Inc. Prestwick acted as the exclusive advisor to A&D and its private equity shareholders, Tillery Capital, Northstar Capital, and Centerfield Capital. The terms of the transaction were not disclosed.

Headquartered in High Point, North Carolina, A&D is a leader in the environmental and industrial services industry, providing 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 members of The RossWay Group of companies offer a full complement of incineration, transportation, recycling and waste management services to manufacturers, recycling firms, waste management providers, and remediation contractors. They have thrived for more than 65 years under consistent, reliable family ownership. The RossWay affiliated companies include the Ross Group of companies (Ross Environmental Services, Inc., Ross Incineration Services, Inc. and Ross Transportation Services, Inc.) as well as ReTech Plastics, LLC and ReTech Steel, LLC.

Prestwick Partners is a boutique investment bank founded in 2003 to provide lower middle-market companies merger and acquisition (M&A) advisory services. The principals of Prestwick have worked together representing companies in M&A transactions since 1996 and are committed to providing the highest level of senior attention, thoughtful advice, and creative deal-making experience to each client and transaction. Prestwick has a national practice based out of the firm’s headquarters in Minneapolis and international reach through our global partners in Socius Corporate Finance.