GenNx360 Capital Partners acquires Miller Environmental Group

New York City-based private equity firm GenNx360 Capital Partners has announced it has acquired a majority interest of Miller Environmental Group (MEG), Calverton, New York.

Founded in 1971, MEG provides specialty environmental and industrial services in the areas of emergency response, waste transportation and disposal, and industrial and operates 11 facilities across Delaware, Maryland, New Jersey, New York, Pennsylvania, and Virginia. According to a news release, MEG most recently acquired a transfer, storage and disposal facility to better serve its clients and is permitted to process regulated nonhazardous liquid and solid waste.

"We chose GenNx360 as our partner because we appreciated their specialization in the industrial sector and saw they would be a great match for MEG," MEG Owner, President and CEO Mark Miller states in the release. "GenNx360 has an extremely talented team, many of whom have solid technical and operational backgrounds. These folks 'get' operations-oriented companies and speak our language. We see numerous exciting growth avenues and look forward to accelerating those initiatives leveraging GenNx360's expertise as MEG enters a new chapter of growth under their new ownership."

Miller will continue as a member of MEG's board of directors and will exit from daily operations of the company. Jerry Coogan has been appointed president and CEO and George Wallace is executive vice president.

"We are pleased to make this investment in MEG,” states Matt Guenther, the GenNx360 managing partner who led the transaction. “We recognized the company as a leader in its sector and believe they are well-positioned to capitalize on the increasing demand for differentiated environmental services. We look forward to working with MEG's strong, experienced management team and to broaden its offerings through organic growth and strategic add-on acquisitions to expand its geographic reach."

GenNx360 Capital Partners “invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns.”