ENV SERVICES MULTIPLES — SUBSCRIBER DATA — FILTRATION GROUP / PH 19.6x EV/EBITDA (ANNOUNCED NOV 2025) GFL / FRONTIER WASTE ~$900M EST. · CLOSED APR 1 2026 AWK / ESSENTIAL UTILITIES ALL-STOCK · ~$63B COMBINED EV BIOFILTRO / JORDANELLE $35M STRATEGIC INVESTMENT PE BUY-AND-BUILD ACTIVITY ACTIVE LIVE FEED ACTIVE

Environmental M&A
Market Intelligence

Institutional-grade tracking of consolidations across environmental engineering, consulting, and water technology. Click any status badge to view verified deal details, strategic rationale, and valuation data.

Q2 2026 OUTLOOK
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Outlook rating, sector weighting, and forward deal pipeline available to verified institutional subscribers.
TOTAL DEALS (LTM)
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MEDIAN EV/EBITDA
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PE PARTICIPATION
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SECTOR LEADER
Water Tech
Scarcity premium active
RECENT TRANSACTIONS
Date Target Acquirer / Lead Sub-sector Status — click to view ↗
STRATEGIC VECTORS
PFAS Compliance—/10
Digital Water / SaaS—/10
Grid Modernization—/10
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ANALYST PERSPECTIVE
Market commentary and synthesis is available to institutional subscribers and verified PE sponsors.
PROPRIETARY IP
Gaya M&A Index™
Real-time valuation index for private-market ENV assets. Subscriber access only.
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DISCLAIMER & DATA SOURCES

For informational purposes only. This page does not constitute investment advice, a solicitation, or an offer to buy or sell any security or financial instrument. All transaction data is sourced from publicly available press releases, SEC/SEDAR filings, and verified newswire services as cited in footnotes below. Deal values marked est. are based on reported figures from Bloomberg or other financial media and have not been independently verified by Gaya Capital. M&A multiples referenced in deal details are sourced directly from official company disclosures where available; where no public disclosure exists, this is stated explicitly. Gaya Capital makes no representation as to the completeness or accuracy of third-party data. The "status" field reflects the deal stage at time of listing; status may have changed. Past transaction activity is not indicative of future market conditions. Subscriber-restricted metrics (sector multiples, deal count, PE participation rate, vector scores) are derived from Gaya Capital proprietary research and are subject to access terms.

TRANSACTION SOURCES

1 Lynk Engineers — EIN Presswire / Utah Business, Apr 6 2026. Three-way merger: Spectrum Engineers + Colvin Engineering Associates + Envision Engineering. einpresswire.com

2 GFL Environmental / Frontier Waste Solutions — GFL Form 6-K (SEC EDGAR); Bloomberg (~$900M est.); PR Newswire, Apr 1 2026. investors.gflenv.com

3 SePRO Corporation / Earth Science Laboratories — Business Wire, Apr 1 2026. businesswire.com

4 Apex Companies / CWE — EIN Presswire, Mar 17–18 2026. PE backer of Apex: Morgan Stanley Capital Partners (recapitalization, Feb 2023). apexcos.com

5 BKF Engineers / Lotus Water — PSMJ AEC Transactions, Mar 11 2026. psmj.com

6 SLR Consulting / Geobiota (Chile) — PSMJ AEC Transactions, Mar 9 2026. PE backer of SLR: Ares Management Corporation (majority stake, 2021). psmj.com

7 BluMetric Environmental — C$15M brokered equity offering (Clarus Securities) concurrent with DS Consultants acquisition; closed Dec 9 2025. Globe Newswire. globenewswire.com

8 BioFiltro / Jordanelle Capital — PR Newswire, Nov 20 2025. $35M strategic PE investment (not a full acquisition). prnewswire.com

9 Parker-Hannifin / Filtration Group — Parker-Hannifin Form 8-K (SEC EDGAR); Globe Newswire, Nov 11 2025. Seller: Madison Industries. $9.25B / 19.6x CY2025E adj. EBITDA (unadjusted); 13.4x including ~$220M cost synergies. investors.parker.com

10 American Water Works / Essential Utilities — Joint press release (AWK / WTRG), Oct 27 2025. All-stock merger; ~$12.3B equity consideration; ~$63B combined enterprise value. Expected close Q1 2027. waterfm.com  |  njbiz.com