Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Circon Holdings, Inc. (Circon), an industry leader in innovative waste management solutions and a portfolio company of Kinderhook Industries, LLC (Kinderhook), to Covanta Holding Corporation (Covanta), a leader in sustainable materials management and a portfolio company of EQT Infrastructure. BGL’s Environmental & Industrial Servicesinvestment banking team served as lead financial advisor to Circon in the transaction. The specific terms of the transaction were not disclosed.
The addition of Circon’s services doubles Covanta’s wastewater footprint, grows its engineered fuels business five-fold, and catapults Covanta into a leading position in the growing alternative fuels field for kilns. It also meaningfully expands the company’s footprint in the Gulf Coast and Midwest regions. The addition of Circon marks the largest single acquisition for Covanta in two decades, bringing with it more than 600 new employees and 2,500 customers.
Headquartered in La Porte, Texas, Circon is a full-service provider of environmental services with a customer base across more than 20 waste facilities in the Midwest, Southeast, and Gulf Coast. As part of its sustainability-focused service offering, Circon leads the market in manufacturing waste-derived fuels. This acquisition is noteworthy for Covanta due to Circon’s geographic reach across multiple regions of the country and its suite of circularity offerings in wastewater treatment and non-hazardous and hazardous waste management. Circon amplifies Covanta’s ability to provide more last-mile sustainability solutions to its blue-chip customer base and transform their waste into value-based materials.
Headquartered in La Porte, Texas, Circon is a full-service provider of environmental services with a customer base across more than 20 waste facilities in the Midwest, Southeast, and Gulf Coast. As part of its sustainability-focused service offering, Circon leads the market in manufacturing waste-derived fuels. This acquisition is noteworthy for Covanta due to Circon’s geographic reach across multiple regions of the country and its suite of circularity offerings in wastewater treatment and non-hazardous and hazardous waste management. Circon amplifies Covanta’s ability to provide more last-mile sustainability solutions to its blue-chip customer base and transform their waste into value-based materials.
WasteExpo brings the entire solid waste and recycling industry together under one roof; companies from the private sector; small, medium, or large public sector waste management companies; companies in organics management or food waste management; and manufacturers and suppliers from the U.S. and abroad.
BGL’s Head of Environmental & Industrial Services Effram Kaplan and Director Jim Cocita are attending the conference and available to discuss the current state of M&A and capital markets across the Environmental Services landscape.
Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Ecoserv, LLC (Ecoserv) to CoLaTenTex, LLC, a private investment firm. BGL’s Environmental &Industrial Services investment banking team served as the exclusive financial advisor to Ecoserv in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Abbeville, LA, Ecoserv is a market-leading integrated waste sequestration platform servicing the offshore exploration and production (E&P) industry. Ecoserv provides a comprehensive solution through the collection, cleaning, transportation, and disposal of RCRA-exempt E&P liquid and solid waste streams. Ecoserv’s collection of deep well injection assets provide generators a unique, environmentally safe disposal solution for waste streams, which are further augmented by a full suite of offshore cleaning services. These unique capabilities and patented technology enable Ecoserv to be one of the premier single-source service providers to the E&P industry.
Headquartered in Abbeville, LA, Ecoserv is a market-leading integrated waste sequestration platform servicing the offshore exploration and production (E&P) industry. Ecoserv provides a comprehensive solution through the collection, cleaning, transportation, and disposal of RCRA-exempt E&P liquid and solid waste streams. Ecoserv’s collection of deep well injection assets provide generators a unique, environmentally safe disposal solution for waste streams, which are further augmented by a full suite of offshore cleaning services. These unique capabilities and patented technology enable Ecoserv to be one of the premier single-source service providers to the E&P industry.
The Truckload Carriers Association Annual Convention brings together C-Suite executives, managers, and truckload carriers to connect and learn about the latest trends in the trucking industry.
BGL Managing Director Craig Decker will be attending this year’s conference and available to discuss upcoming opportunities in the transportation and logistics industry.
BGL’s Transportation & Logistics investment banking team has decades of experiences across the sector. With this in-depth knowledge and deep sector expertise, we have executed transactions in trucking and logistics, transportation infrastructure, supply chain, maritime and offshore, and passenger transport.
The Water & Wastewater Equipment, Treatment & Transport Show (the WWETT Show) is the world’s largest annual trade show for wastewater and environmental service professionals.
Director Jim Cocita will be attending this year’s conference and available to discuss upcoming opportunities in the environmental services market.
BGL’s EIS team has been a leader in the North American market for Environmental Services transaction volume for more than eight years. We have executed numerous middle market M&A and capital markets transactions related to a broad range of industrial and environmental investments and have developed significant expertise across many subsectors, including waste & recycling, facility & field services, plant & equipment maintenance, and commercial services.
Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the addition of Craig M. Decker as a new Managing Director within its Services vertical. Craig, who has over 20 years of experience in M&A advisory and capital markets transactions spanning the transportation, logistics, and supply chain sectors, will lead BGL’s Transportation & Logistics investment banking activities. Based in New York City, Craig also adds to BGL’s expanding presence on the East Coast.
“On the heels of Eliott Musick joining our Services vertical to lead our Facility & Field Services business, Craig expands our ongoing efforts within infrastructure services through his impressive career in transportation, logistics, and supply chain,” said Effram Kaplan, Head of BGL’s Services vertical and lead within its Environmental & Industrial Services business. “Craig enables us to scale our knowledge and skills across our client base and bring additional ideas and opportunities to the market. We are very pleased to welcome him to BGL and excited about the additional resources we can offer our clients.”
Prior to joining BGL, Craig was a Managing Director at Headhaul Capital Partners, a merchant banking firm specializing in the transportation and logistics sector. In 2018, Craig founded CMD Advisory (CMDA), an investment banking firm focused on providing comprehensive advisory and private capital services to public and private companies across all sub-sectors of the transportation industry. Previously in his career, Craig headed the investment banking group at Wolfe Capital Markets & Advisory, the broker-dealer affiliate of Wolfe Research, LLC, a specialized practice focused on the transportation and logistics sector.
“BGL has demonstrated impressive growth over the past several years,” said Decker. “I’m thrilled to be joining a team of this caliber and look forward to adding to the momentum of the firm’s expansion in NYC and beyond.”
Craig holds an MBA from New York University’s Leonard N. Stern School of Business and earned his B.A. from Villanova University. Craig’s hire follows the addition of Eliott Musick to the firm’s Services vertical as lead banker in the Facility & Field Services sector, which was announced in July 2022.
With more than 30 years of experience advising public and private companies, private equity firms, and infrastructure investors, Craig specializes in mergers and acquisitions, capital raising, and strategic financial advisory services across the global transportation and logistics ecosystem. Craig is frequently quoted as a thought leader in leading trade and business publications, including CNBC, WorkBoat, Trucking Dive, Axios, and FreightWaves.
Prior to joining BGL, Craig was a Managing Director at Headhaul Capital Partners and founded CMD Advisory, an investment banking firm focused on providing comprehensive advisory and private capital services to public and private companies across all sub-sectors of the transportation industry. Previously in his career, Craig founded the investment banking group at Wolfe Capital Markets & Advisory, led the Transportation & Logistics Group at Morgan Keegan & Company, and was a senior coverage officer in the Transportation & Logistics Group at Credit Suisse, where he began his career in their Mergers & Acquisitions Group.
Education
MBA, New York University’s Leonard N. Stern School of Business
Vecta Environmental Services offers a full line of industrial services, including Tank Cleaning, Hydroblasting, Sand Blasting and Painting, Boat and Barge Cleaning, Remediation, Emergency Response, Transportation and Waste Brokering services.
