Jackson Walker Represents Prophet Equity and Portfolio Company Apex Environmental in Merger

January 27, 2020 | Client Results



Jackson Walker successfully represented Prophet Equity and its portfolio company Apex Environmental Resources Holdings II LLC in a merger with The Action Environmental Group, Inc. The merged Apex-Action company will operate under the Interstate Waste Services (IWS) brand as one of the largest integrated solid waste companies in the largest waste market in the United States.

Based in Southlake, Texas, Prophet Equity uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation.

In October 2015, Prophet completed its initial investment in the Apex Environmental platform with the purchase of the Apex’s solid waste landfill in eastern Ohio and its local transfer station. Under Prophet’s ownership, Apex has completed five acquisitions and expanded permitted landfill capacity approximately tenfold.

For more information on this transformative merger, view Prophet Equity’s news release.

The Jackson Walker team was led by Dallas partner Kevin A. Jones and included Alex Frutos, David S. Stolle, Peter K. Wahl, Nathan T. Smithson, Greta Cowart, Adrian Allen, and Lara Assaf.

Meet JW

Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 400 attorneys across seven offices, we are the fourth-largest firm in the state and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore the Firm’s experience in mergers, acquisitions, dispositions, joint ventures, and other strategic alliances, visit the Corporate & Securities practice page.