BGL Announces the Sale of Weaver Express
November 13 2014
Brown Gibbons Lang & Company (BGL) is pleased to announce that Weaver Acquisition, LLC d/b/a Weaver Express (“Weaver” or the “Company”) has been acquired by Filtrexx International (Filtrexx). BGL’s Energy and Environmental Services team served as the exclusive financial advisor to Weaver. The specific terms of the transaction were not disclosed.
Weaver is the preeminent erosion and sediment control (ESC) specialist in the Appalachia Region, providing a broad array of essential environmental control solutions that meet the ESC needs of the energy and infrastructure development markets. Weaver has rapidly grown since inception in 2001 to become the largest installer and manufacturer of compost filter socks in the U.S. and the preferred ESC solutions provider to several of the largest exploration and production companies in the Marcellus/Utica shale and general construction contractors in the region. Weaver’s core solution, compost filter socks, are typically used as a perimeter control device to filter storm water runoff for sediment and soluble pollutants on construction sites. The Company also provides a broad suite of complementary solutions to meet the broader environmental control needs of the energy and infrastructure development markets, including seeding, steep slope stabilization, and streambank restorations. Weaver is based near Canton, Ohio, and was a portfolio company of JWI Capital prior to the transaction. For more information on Weaver, please visit www.weaverexpress.com.
Filtrexx is an industry leading developer of organic and biobased technologies and producer of patented compost filter sock mesh products used for storm water management, erosion and sediment control, pollutant removal, vegetative walls, and agriculture applications. Filtrexx is owned by Conwed Global Netting Solutions, a subsidiary of Leucadia National Corporation, a publicly traded diversified holding company. For more information on Filtrexx, Conwed and Leucadia National Corporation, please visit www.filtrexx.com, www.conwedplastics.com and www.leucadia.com.
Effram Kaplan and Michael Vinciguerra led the BGL transaction team.
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 Consumer Products & Retail Services, Energy & Environmental Services, Healthcare & Life Sciences, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Newport Beach, San Antonio, and Tampa, in addition to Global M&A partner offices in more than 50 countries across five continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.