#USA #Norwalk #Sustainable waste #Heartwood Partners #Amlon Group

Heartwood Partners Closes $245 Million Continuation Vehicle for The Amlon Group

On November 24, 2025, Heartwood Partners proudly announced the successful closure of its inaugural continuation vehicle for The Amlon Group, marking a significant milestone in their partnership. The transaction was finalized on May 15, 2025, with an impressive tally of approximately $245 million in commitments from an array of esteemed investors and limited partners.

This closing stands as a testament to the unwavering confidence in Amlon’s growth and potential, particularly reflected in the considerable participation of the General Partner. Prominent names among the investors include New 2ND Capital, Reinsurance Group of America, Incorporated (RGA), Mercer Investments, Round2 Investment Partners, Flexstone Partners, and various other contributors keen on backing sustainable practices.

Since Heartwood's initial investment in Amlon in 2021, the company has thrived with the successful integration of five add-on acquisitions, substantially boosting its processing capacity and waste management capabilities. This strategic approach allows Amlon to broaden its horizons, manage diverse industrial waste streams effectively, and continue its upward trajectory in the sustainability sector.

Demetrios Dounis, Managing Partner at Heartwood Partners, expressed, "Amlon has delivered exceptional results since our initial investment, and we see a clear path to significantly scale the business over the next few years." He emphasized the importance of this continuation vehicle, which not only extends their investment timeline but also drives forward the strategic initiatives defined by Amlon’s management team while providing investors with lucrative liquidity at an attractive valuation.

As part of this deal, investors have committed to deploying capital for various strategic endeavors such as potential add-on acquisitions, greenfield expansions, and numerous organic growth initiatives. This forward-looking investment strategy is designed to achieve tangible growth through well-defined action plans,

The Chief Executive Officer of Amlon, Mark Wayne, acknowledged the pivotal role heartwood has played, stating, "Heartwood's ongoing support and strategic guidance have been instrumental to our success. This new capital structure allows us to expedite our M&A agenda and continue investing in our people, technology, and processes that set us apart in the market.”

The transaction saw Harris Williams take on the role of lead financial advisor, with Brown Gibbons Lang acting as co-advisor. Meanwhile, DLA Piper served as legal counsel throughout the arrangement for both Heartwood Partners and The Amlon Group.

About Heartwood Partners

Founded in 1982, Heartwood Partners is a middle-market private equity firm characterized by its unique strategy of a lower-leverage and current cash yield approach. This model aims at building partnerships with management teams, consolidating a conservative capital structure with strategic executions to facilitate long-term growth through both organic methods and acquisition-driven expansions.

Currently managing over $1.3 billion in investments and commitments, Heartwood has broadened its reach by investing in more than 100 platform and add-on acquisitions, focusing primarily on businesses held by founders, families, or management teams operating in niche manufacturing, specialty chemicals, food, agriculture, packaging, and industrial consumer services markets.

For detailed insights about Heartwood, one can visit www.heartwoodpartners.com.

About The Amlon Group

Amlon, headquartered in Plano, TX, is committed to providing sustainable waste management solutions, specializing in the treatment and processing of a diverse range of hazardous and industrial waste streams. By emphasizing waste-to-value processing, Amlon not only aims to remediate waste but also maximizes the recycling of valuable resources, thereby reducing environmental impact.

Mark Wayne reinforces this mission by stating, "Our team recognizes that contributing hazardous waste to landfills and waterways is not sustainable for our planet, so we strive to find solutions that make a significant environmental impact for both our clients and our Earth." More information about Amlon can be accessed via www.amlongroup.com.