BGL Announces the Sale of ERG Environmental to Arcwood Environmental

The acquisition of ERG further strengthens Arcwood Environmental's presence across the Great Lakes region

CLEVELAND, Oct. 20, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of ERG Environmental (ERG), a premier integrated special waste and environmental solutions provider, to Arcwood Environmental (Arcwood), a national leader in sustainable waste management and environmental services and a portfolio company of EQT Infrastructure (EQT). BGL's Environmental Infrastructure investment banking team served as the exclusive financial advisor to ERG in the transaction. The specific terms of the transaction were not disclosed.

Founded in 1995 and headquartered in Livonia, Michigan, ERG is a leading integrated special waste management and environmental solutions provider operating across the broader Great Lakes region. Leveraging its interconnected network of highly permitted facilities and complementary technical and field services, ERG delivers a full spectrum of special waste management services, including sampling, lab analysis, waste characterization, manifesting, transportation, and disposal of complex waste streams. The company's strong reputation, integrated service model, and impressive history of service excellence, safety, and sustainability have enabled it to partner with municipal, commercial, and industrial customers throughout the region. 

Headquartered in Indianapolis, Indiana, Arcwood is one of the largest waste management and environmental services companies in North America, providing comprehensive and scalable solutions that span the entire waste hierarchy, from prevention and recycling to treatment and disposal.

The acquisition of ERG further strengthens Arcwood's operational presence across the Great Lakes region and expands its capabilities in industrial environmental services, compliance support, and technical expertise.

Our Environmental Infrastructure team focuses on businesses that perform essential services to the waste processing & disposal, water & wastewater treatment, waste-to-value, and waste-to-energy markets. Our industry-focused bankers offer highly specialized expertise and long-standing relationships that serve to maximize the opportunities available to our clients.

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 and Cleveland. The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in 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. 

SOURCE Brown Gibbons Lang & Company