BGL Announces the Sale of Pro-Vac to RLJ Equity Partners
January 09 2019
Chicago/Cleveland – January 9, 2019 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Olson Brothers Pro-Vac, LLC (Pro-Vac), to RLJ Equity Partners, LLC (RLJ). BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Pro-Vac in the transaction. The specific terms of the transaction were not disclosed.
Located in Puyallup, Washington, Pro-Vac is a leading environmental, infrastructure, and municipal services provider in the Pacific Northwest. The company offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydroexcavation, storm and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac is a valued strategic partner to a diverse group of premier contractor, utility, municipal, and manufacturing customers in its region. Prior to the transaction, the company was majority-owned by Peninsula Capital Partners, a Detroit, Michigan-based private investment firm; Silver Peak Partners, a Denver, Colorado-based private investment firm; and key Pro-Vac management team members.
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, Diversified Industrials, Environmental & Industrial Services, Healthcare & Life Sciences, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego, in addition to international offices in more than 50 countries across 5 continents through our Global M&A Partners network. 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.