NewHold Enterprises

What NewHold Enterprises does

NewHold Enterprises, LLC is a privately held, New York-based investment holding company founded in 2017 that invests in and operates North American middle-market industrial and business services companies, targeting platforms with $30M-$50M of EBITDA and capital sourced primarily from family offices seeking long-term capital appreciation. The firm builds and grows portfolio companies through an acquisition-led, roll-up strategy and is led by co-founders Kevin Charlton (Chairman) and Charles Goldman (Co-Chairman), with a thin corporate team of roughly five senior professionals supplemented by sector-specific operating partners. NewHold's portfolio currently comprises three active operating platforms organized by vertical: American AllWaste LLC (Environmental Services: non-hazardous liquid waste handling, treatment, and transportation with regional density across Texas and Tennessee, founded as Platform 1 in July 2018); PRIME AE Group, Inc. (Infrastructure/AEC: multi-discipline architecture, engineering, and construction management services ranked in ENR's Top 500 Design Firms with approximately 500 employees across 21-22 offices on the eastern U.S. seaboard, serving state, municipal, federal, and commercial clients, launched as Platform 2 in December 2019 and the cornerstone of NewHold AEC); and Tedia Company, LLC (Specialty Chemicals: the largest manufacturer of OEM high-purity solvents in North America for life science, biotechnology, pharmaceutical, and laboratory applications, selling into more than 30 countries, acquired in March 2022 as Platform 4). The third platform, F&S Tool Inc. (Precision Manufacturing: precision injection molding tools for medical, healthcare, and personal care end markets, with 11 issued and pending patents and a 90,000 sq ft Erie, Pennsylvania facility), was launched in September 2020 and exited in April 2024 via sale to Berry Global Group (NYSE: BERY).

The firm's underlying technology is industrial rather than digital: proprietary manufacturing and engineering capabilities spanning liquid-waste hauling and treatment, AEC design and inspection services, precision-tool cooling techniques (patented at F&S Tool), and high-purity solvent production (Tedia). NewHold's business model is to acquire controlling stakes in platform companies, then pursue organic growth and add-on M&A within each platform to reach target scale, with returns realized through exits and ongoing valuation growth rather than through product/service top-line revenue at the holding company itself. Platform-level M&A has been sustained and programmatic, particularly at PRIME AE (which has executed roughly five add-on acquisitions over five years, including Integrated Engineering, Penza Bailey Architects, Prosser, Jacobi Toombs & Lanz, and Connelly & Wicker) and American AllWaste (three add-ons through 2020). The firm also operates a related capital-markets entity, NewHold Investment Corp II (NASDAQ: NHIC), a SPAC focused on industrial technology and led by Kevin Charlton; a predecessor SPAC, NHIC I, merged with Evolv Technology (NASDAQ: EVLV) in July 2021. NewHold does not publicly disclose AUM, fee structures, or firm-level revenue, and all platform-acquisition financial terms have been undisclosed.

Name

NewHold Enterprises

Legal name

NewHold Enterprises, LLC

Website

https://newhold.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

NewHold Enterprises, LLC is a privately held, New York-based investment holding company founded in 2017 that acquires and operates North American middle-market industrial and services platforms (Environmental Services via American AllWaste; AEC via PRIME AE; Specialty Chemicals via Tedia), pursuing a family-office-funded, acquisition-led roll-up strategy targeting $30M-$50M EBITDA per platform.

Ownership category

akta.pro rank

Product category

Private Equity / Industrial Holding Company

NAICS

Management of Companies and Enterprises (5511)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)

Keywords

• Private equity investment
• Industrial holding company
• Middle-market acquisitions
• Platform build-and-roll-up
• Family office capital

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Capital appreciation from portfolio equity ownership: NewHold generates returns through long-term equity ownership of portfolio companies (American AllWaste, PRIME AE, Tedia, and formerly F&S Tool). Returns are realized through exits (e.g., F&S Tool sale to Berry Global in 2024) and ongoing valuation growth from add-on acquisitions within platforms.
2. Family office capital management: Capital is sourced from family offices as limited partners, with returns distributed through capital appreciation rather than traditional product/service revenue streams.

Go-to-market motion2 records

Core offering

NewHold Enterprises is a private investment holding company that acquires and operates controlling stakes in North American middle-market industrial and services companies targeting $30M–$50M of EBITDA per platform. The firm builds four categories of operating platforms—Environmental Services (American AllWaste), Infrastructure/AEC (PRIME AE Group under NewHold AEC), Specialty Chemicals (Tedia Company), and previously Precision Manufacturing (F&S Tool, exited 2024 to Berry Global)—and grows each through organic operations and add-on bolt-on acquisitions. Investors consist primarily of family offices, and the firm also operates a related industrial-technology SPAC, NewHold Investment Corp II (NASDAQ: NHIC).

Product overview

NewHold Enterprises is a private investment holding company and operationally focused investment firm (established 2017) that invests in North American middle-market industrial and business services companies. Rather than a single unified software product, NewHold's offering is a platform-plus-portfolio architecture: it builds and operates corporate operating platforms — formed around seasoned industry executives — within four targeted verticals: Environmental Services (American AllWaste, launched 2018), Infrastructure / Architecture-Engineering-Construction Management (PRIME AE, launched December 2019 as part of NewHold AEC), Precision Manufacturing (F&S Tool, third platform, exited via sale to Berry Global in April 2024), and Specialty Chemicals (Tedia, fourth platform via March 2022 strategic investment). Each platform pursues organic growth plus a roll-up acquisition strategy and is targeted to reach $30M–$50M of EBITDA; investors consist primarily of family offices. The firm also operates a related SPAC entity, NewHold Investment Corp II (NASDAQ: NHIC), focused on industrial technology.

Differentiator

Problem solved

Functional benefit

Brands

• American AllWaste: NewHold's Environmental Services platform focused on non-hazardous liquid waste handling, treatment, and transportation; offers a regional consolidation strategy across the southern United States.
• PRIME AE
• Tedia
• F&S Tool
• NewHold AEC

Products and services

• American AllWaste NewHold's Environmental Services platform and first platform (launched July 2018), operating as an end-to-end service provider in the non-hazardous liquid waste industry. AllWaste serves municipal, commercial, and industrial clients with handling, transportation, and proper disposal of liquid waste streams, infrastructure maintenance/repair, and statutory testing, with operations in Texas (Houston, Austin, Beaumont) and Tennessee (Nashville, Memphis, Knoxville, Chattanooga), pursuing regional consolidation.
• PRIME AE Group, Inc. (NewHold AEC) NewHold's Infrastructure Services platform (launched December 2019) and cornerstone of the NewHold AEC platform. Multi-discipline Architecture, Engineering and Construction Management firm ranked in ENR's Top 500 Design Firms, operating in 9–10 states with 485–500+ employees across 21–22 offices on the eastern U.S. seaboard. Specializes in water, medical, higher education, municipal, commercial, and transportation infrastructure. CEO: Kumar Buvanendaran; NewHold AEC Chairman: Kurt Bergman.
• Tedia Company, LLC NewHold's Specialty Chemicals platform (fourth platform, March 2022). Founded 1975 by Moon Su "Richard" Park; headquartered in Fairfield, OH with 100+ employees. Largest manufacturer of OEM high-purity solvents in North America, selling products in more than 30 countries for life science, biotechnology, pharmaceutical, laboratory, and industrial applications. CEO Tyler Ellison; former CEO Hoon Choi transitioned to Chief Innovation Officer & President Emeritus.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Aterian Investment Partners: Middle-market PE firm focused on building industrial and business services platforms through add-on acquisitions, mirroring NewHold's roll-up strategy in similar sectors including environmental services and specialty industrials.
• Wynnchurch Capital: Operationally focused middle-market PE firm investing in industrial/services companies and executing add-on roll-ups; comparable in deal size, sector focus, and operational approach to NewHold.
• Genstar Capital: Middle-market PE firm with a deep industrial technology and business services franchise, executing platform-plus-add-on strategies in similar EBITDA ranges to NewHold's $30-50M target.
• Industrial Opportunity Partners: Boutique industrial-focused PE firm that builds value through operational improvement and add-on acquisitions in middle-market manufacturing, distribution, and services—closely aligned with NewHold's industrial technology focus.
• Pritzker Private Capital: Family-office backed industrial PE firm making long-duration controlling investments in North American middle-market industrial businesses; highly comparable in capital structure and sector focus.
• Platinum Equity: Operationally focused PE firm acquiring and improving middle-market industrial and services businesses; similar platform-building approach though at somewhat larger scale than NewHold.
• Lee Equity Partners: Middle-market PE firm focused on financial and business services with some industrial exposure; comparable in scale, family-office LP base characteristics, and platform-building approach.

Broad incumbents

• KKR: Global alternative asset manager with a large industrials and infrastructure PE franchise spanning similar end-markets to NewHold's portfolio; serves as a broader incumbent and potential exit buyer for NewHold's platforms.
• Bain Capital Private Equity: Diversified PE firm with significant middle-market industrial, services, and specialty chemicals exposure; overlaps with NewHold's sector strategy at broader scale and serves as a comparable large-platform buyer.

Emerging players

• Stonepeak Partners: Infrastructure-focused alternative asset manager that has expanded into industrial services platforms; an emerging competitor in adjacent verticals like AEC and environmental services where NewHold operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NewHold Enterprises