Bain Capital agrees $230M purchase of SOLitude Lake Management from Rentokil

Type: Acquisition · Technology: Water Waste · Country: United States · Value: $230M · Announced: 2026-09-22

Bain Capital has agreed to acquire SOLitude Lake Management from Rentokil for $230 million. SOLitude Lake Management, based in Virginia Beach, Virginia, is the leading provider of lake and pond management services in the US, addressing water quality, shoreline restoration and other ecological challenges for communities and municipalities nationwide. The acquisition includes the company's operations and service network across the United States. Bain Capital's investment marks its entry into the water and waste management services sector through this platform acquisition.

Analysis

Bain Capital agreed to acquire SOLitude Lake Management from Rentokil for $230 million, purchasing the Virginia‑based provider of lake and pond management services. Bain Capital manages over $185 billion across private equity, credit, public equity, venture capital and infrastructure strategies. SOLitude Lake Management operates a service network serving communities and municipalities across the United States. The transaction was announced on 22 September 2026 and no additional contract terms were disclosed.

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