Heartwood‑backed Amlon Group has taken ownership of Excel TSD of Tennessee LLC, a waste‑treatment hub in Memphis, along with its sister entities WSI and UTI. The deal marks Amlon’s third acquisition since Heartwood launched its continuation vehicle and the seventh under Heartwood’s umbrella. CEO Mark Wayne leads the expansion, boosting the group’s southeastern footprint and targeting rising demand for regulated waste services.

Excel, founded in 2003, operates a full‑cycle waste treatment, storage, and disposal facility that serves diverse end markets, from construction to industrial manufacturing. The acquisition expands Amlon’s asset base into a region with stringent environmental regulations and a robust pipeline of municipal contracts. No financial terms were disclosed, but the move signals a strategic push into high‑margin services.

By adding Excel, WSI, and UTI, Amlon reinforces its position as a leading provider of environmentally compliant waste solutions. The deal aligns with Heartwood’s growth strategy, which has focused on acquiring fully integrated operations that deliver predictable cash flow. Investors now view the group as better equipped to navigate regulatory shifts and capitalize on the sector’s steady demand for clean‑tech infrastructure.