The Amlon Group Expands Hazardous Waste Treatment Capabilities Through Third Add-on Acquisition of Excel TSD

Heartwood Partners is pleased to announce that The Amlon Group (“Amlon” or “the Company”) has acquired Excel TSD of Tennessee LLC (“Excel”), along with related entities WSI and UTI, making Amlon’s third acquisition since the closing of Heartwood’s continuation vehicle and seventh under Heartwood’s ownership. Founded in 2003 and headquartered in Memphis, Tennessee, Excel is a RCRA Part B permitted hazardous and non-hazardous waste treatment, storage, and disposal facility serving customers across a variety of end markets. The transaction closed in April 2026.
 
“The Excel acquisition is a transformative addition to the Amlon platform,” said Mark Wayne, CEO & President of The Amlon Group. “Excel’s industrial onsite services, waste-blending capabilities, and hazardous waste disposal permit and expertise open additional new waste streams for us, complementing our existing processing and treatment infrastructure.”
 
Wayne continued, “Beyond the facility itself, this acquisition strengthens our geographic presence in the Mid-South region and gives us access to a diversified customer base across multiple end markets. We see meaningful opportunities to drive growth by cross-selling Amlon’s full suite of environmental services to Excel’s customers, implementing commercial best practices, and investing in the operations to maximize the facility’s capacity.”
 
“We are proud to support Mark and the entire Amlon team in completing what has been a steadfast but highly strategic transaction,” said Demetrios Dounis, Managing Partner, Heartwood Partners. “The Excel acquisition is a compelling example of Amlon’s ability to identify and execute on strategic add-on opportunities that expand the Company’s capabilities and geographic reach. Securing this facility meaningfully expands what Amlon can offer its customers, adding treatment, storage, and disposal capabilities that complement the Company’s existing processing infrastructure. We believe this positions Amlon to capture waste streams that were previously outside its reach and reinforces the platform’s ability to deliver fully integrated environmental solutions.”

Excel marks Amlon’s third acquisition since the closing of Heartwood’s continuation vehicle and seventh under Heartwood’s ownership.

Please contact the following members of the investment team at Heartwood Partners with investment or add-on opportunities: