BGL Advises Gryphon Investors on Majority Investment in Wind River Environmental
April 13 2017
Chicago/Cleveland | April 13, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce its client, Gryphon Investors, has made a majority investment in Wind River Environmental (Wind River), the leading provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States. CEO John O’Connell and other members of Wind River’s management team have retained a significant ownership position in the company and will continue to lead Wind River after the closing of the transaction. Former Republic Services COO and Gryphon executive advisor Kevin Walbridge will become Chairman of Wind River as part of Gryphon’s investment. BGL’s Environmental & Industrial Services team served as a financial advisor to Gryphon Investors in the transaction. The specific terms of the transaction were not disclosed.
Founded in 1999 and headquartered in Marlborough, Massachusetts, Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern United States. The company inspects, services, repairs, and installs a broad array of non-hazardous liquid waste systems, including septic tanks, grease traps, pumping, and industrial waste systems. With more than 25 locations, Wind River serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. In 2016, the company serviced 25,000 commercial and 52,000 residential sites.
About Gryphon Investors
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. For five consecutive years, Gryphon has been ranked in Preqin’s prestigious quarterly private equity report as one of North America’s top-decile firms based on consistency of strong investment returns. With over $2.5 billion of cumulative equity commitments, the firm has an extensive track record of leading equity investments of approximately $50 million to $150 million per portfolio company with sales ranging from approximately $50 million to over $500 million. Gryphon prioritizes investment opportunities where it can form proactive partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise. For more information, please visit www.gryphoninvestors.com.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
For additional information please contact:
Effram E. Kaplan, Environmental & Industrial Services Group Head
Michael T. Vinciguerra, Environmental & Industrial Services Group Director