BEDFORD, NH (September 24, 2026) – APS Environmental Group (“APS” or the “Company”) announced a strategic partnership with RedCloud Capital (“RedCloud”). Tecum Capital (“Tecum”), along with Southfield Mezzanine (“Southfield”), provided debt and equity capital to support the Company’s continued growth.
Founded in 2019 and headquartered in Bedford, NH, APS is a rapidly growing provider of environmental testing, inspection, consulting, and abatement services throughout New England and the Mid-Atlantic. Led by John DeGeorge, APS Environmental has scaled from a single-operator practice into a multi-state platform serving restoration firms, insurance carriers, and general contractors. The Company has established a strong reputation for its technical expertise and responsive service, helping clients navigate complex environmental requirements from initial assessment through project completion. APS’s integrated model gives clients one trusted resource for the full scope of their environmental and hazardous material needs.
“We started this business with a simple premise: show up fast, do the work right, and make the process easy for everyone involved,” said John DeGeorge, Founder and Chief Executive Officer of APS. “This partnership gives us the capital and operational support to enter new markets, pursue smart acquisitions, and keep delivering for our clients. We’re thrilled to have RedCloud, Southfield, and Tecum around the table.”
Kevin Mitchell, Founder of RedCloud Capital, commented: “APS has built a differentiated platform with an exceptional management team in a specialized, high-barrier niche. The Company has demonstrated an impressive growth trajectory driven by best-in-class response times and technical depth. John has created a business with real competitive advantages, resulting in long-standing relationships with key referral partners and a strong reputation in every market they enter. We look forward to helping them build on that foundation.”
Husnain Safdar, Principal at Tecum, added: “APS has the characteristics we value in environmental services, including durable, regulation-driven demand and an experienced management team who continue to execute on its growth initiatives. We are pleased to partner with RedCloud, Southfield, John DeGeorge and the Company’s broader management team on this transaction.”
Looking ahead, the partnership will build upon APS’s established market position through continued geographic expansion, the development of additional capabilities, and deeper relationships with existing and prospective customers. RedCloud believes APS is well suited to capitalize on a highly fragmented market through strategic add-on acquisitions while preserving the responsiveness and service quality that have contributed to the Company’s success.
Tyson Smith, Husnain Safdar, and Josh Savacool led the investment at Tecum.
ABOUT TECUM CAPITAL
Tecum Capital is a Pittsburgh, Pennsylvania-based private investment firm deploying capital in lower middle-market companies. Tecum provides mezzanine debt and equity investments in growth-oriented middle-market companies across the broader environmental/industrial services, high-value manufacturing, value-added distribution, and business services sectors. Our team partners with independent sponsors, family offices, committed funds, business owners seeking succession plans, and management teams to create shared success. Tecum manages three Small Business Investment Company (“SBIC”) licensed funds and is currently investing out of Tecum Capital Partners IV, L.P., a new fund launched in 2025. Since 2006, the team has collectively invested more than $1.2 billion in over 200 platforms and add-on acquisitions. For more information, please visit www.tecum.com.
ABOUT SOUTHFIELD MEZZANINE
Southfield Mezzanine is a Greenwich, Connecticut-based private investment firm deploying capital across US-based businesses in the lower middle market. Southfield has been partnering with exceptional, growing companies since its origins as a private equity firm in 2002. In 2013, Southfield launched its dedicated mezzanine strategy, raising its inaugural fund structured as an SBIC. Southfield provides unitranche and subordinated debt, as well as equity investments to lower-middle-market companies across a variety of industry verticals. Southfield manages three SBIC-licensed funds and is currently investing out of Southfield Mezzanine Capital III LP. For more information, please visit www.southfieldmezz.com.
ABOUT REDCLOUD CAPITAL
RedCloud Capital, LLC is a Denver-based private equity firm focused on partnering with and growing lower middle market businesses. Founded in 2004, the firm brings over two decades of experience working with founders and management teams to build durable, differentiated companies with strong competitive positions in their respective markets. For more information, please visit www.redcloudcap.com.
ABOUT APS ENVIRONMENTAL GROUP
APS Environmental Group, LLC is headquartered in Bedford, New Hampshire and serves customers across the New England and Mid-Atlantic markets. Founded in 2019 by John DeGeorge, the Company provides non-discretionary environmental testing, inspection, consulting, and abatement services to restoration firms, insurance carriers, and general contractors. APS has grown into a multi-state platform with 38 employees and facilities in New Hampshire and Maryland. For more information, please visit www.apsenv.com.