Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Texas Molecular Holdings (TM) to VLS Environmental Solutions (VLS), a portfolio company of I Squared Capital.
Headquartered in Deer Park, Texas, Texas Molecular specializes in the handling, treatment, and sequestration of various liquid hazardous and non-hazardous industrial wastes. The company manages over 75 million gallons annually under its EPA RCRA and UIC Class 1 Hazardous Waste permits using industry-tested and efficient technology to sequester waste safely and permanently. TM’s unique sequestration capabilities, ability to accept a broad array of difficult-to-treat waste streams, and strategic location in the Gulf Coast have helped position it as a value-added strategic partner for petrochemical, chemical, industrial, and environmental services customers.
VLS is an industry-leading environmental services company providing customized waste processing, specialty cleaning, and repair services to a variety of highly-regulated industries. The acquisition of TM expands VLS’s environmental services capabilities into hazardous waste processing and sequestration to serve the diverse and growing needs of its industrial customers across North America.
Headquartered in Deer Park, Texas, Texas Molecular specializes in the handling, treatment, and sequestration of various liquid hazardous and non-hazardous industrial wastes. The company manages over 75 million gallons annually under its EPA RCRA and UIC Class 1 Hazardous Waste permits using industry-tested and efficient technology to sequester waste safely and permanently. TM’s unique sequestration capabilities, ability to accept a broad array of difficult-to-treat waste streams, and strategic location in the Gulf Coast have helped position it as a value-added strategic partner for petrochemical, chemical, industrial, and environmental services customers.
Vac-One is a leading underground infrastructure solutions platform with a diverse set of capabilities, including hydro and air vacuum excavation, cathodic protection, and other industrial services. Vac-One’s services support maintenance, inspection, and installation of underground infrastructure for the utility, municipal, midstream, downstream, commercial, and environmental end markets. Since its inception in 2014, Vac-One has grown its platform organically and through bolt-on acquisitions, establishing a regional platform, with a diversified service offering and one of the largest privately held hydro-excavation fleets in the United States.
BGL is a proud Platinum Sponsor of the 2022 Waste Today Corporate Growth Conference. The event brings together decision makers who operate waste and environmental services businesses. Operators in the waste management, specialty waste, recycling, and cleaning services business—as well as investment bankers, private equity firms, venture capitalists, family offices, banks, and other financial market participants—all benefit from attending.
BGL’s Head of Environmental & Industrial Services (EIS) Effram Kaplan will be the opening keynote speaker at this year’s event with a presentation entitled, “An Executive Discussion,” during which he will provide his insights on market activity and industry trends for waste and recycling company executives.
BGL Managing Director Eliott Musick and Director James Cocita will also be in attendance and available to discuss opportunities in the environmental industrial services market.
BGL’s EIS team is a leader in the North American market for Environmental Services M&A and Capital Markets transactions. We have executed numerous transactions related to a broad range of industrial and environmental investments and have developed significant expertise in many subsectors, including waste & recycling, facility & field services, plant & equipment maintenance, and commercial services.
BGL Managing Director and Head of Environmental & Industrial Services Effram Kaplan and Director Jim Cocita are attending the 2022 EI Digest Gathering and will be available to discuss opportunities in the environmental and industrial services market.
BGL’s EIS team has been a leader in the North American market in Environmental Services transaction volume for more than seven years. We have executed numerous transactions related to a broad range of industrial and environmental investments and have developed significant expertise in many subsectors, including waste & recycling, facility & field services, plant & equipment maintenance, and commercial services.
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.
Brown Gibbons Lang & Company (BGL) is pleased to announce that its client, Altamont Capital Partners, has made an equity investment into Nutrition 101, Inc. (“101”), a leading provider of eco-friendly, waste management services for food processors and retailers. BGL’s Environmental & Industrial Services investment banking team served as the exclusive financial advisor to Altamont Capital Partners on the transaction. The specific terms of the transaction were not disclosed.
101 was founded by Ross Peter and has been owned and operated by the Peter family for more than 30 years. Headquartered in Pendleton, Indiana, the company’s service offerings involve the repurposing of food residuals from manufacturers and retailers into nutritious livestock feed, compost, and green energy products like bio-gas – reducing waste, landfill usage, and greenhouse gas emissions. 101 has become a go-to partner for regional, national, and global food manufacturers seeking end-to-end waste management solutions that reflect their own sustainability goals, with a customer base including food processors, food retailers, livestock producers, recycling centers, and anaerobic digestors.
The company currently operates three state-of-the-art facilities, allowing it to efficiently support customers and strong demand across the United States. Altamont’s investment will allow 101 to continue providing best-in-class service, reach new customers, and expand its geographic footprint.
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management. Altamont is focused on investing in middle-market businesses where it can partner with leading management teams to reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including business services, financial services, healthcare, consumer/retail, and industrials.
Eliott’s 15 years of experience working with middle market businesses spans all facets of M&A advisory, corporate advisory, capital raising, debt financing and principal investing. His clients primarily include private, public, and private equity-backed companies across the industrial, infrastructure, engineering, and commercial services sectors.
Prior to joining BGL, Eliott led the Industrial & Infrastructure Services effort at Macquarie Capital and founded Pointe Falls Growth Partners, a private investment firm focused on investing growth capital in lower middle market businesses within the Services & Specialty Industrials sectors. Eliott started his career as a consultant at Deloitte and CGI Group.
Headquartered in Sugar Land, Texas, Sprint is a premier, vertically integrated waste management solutions provider operating via a network of 16 sites, including two C&D landfills, across Texas and Louisiana. Sprint’s comprehensive suite of specialized service solutions, supported by a fleet of more than 400 vehicles and 8,000 rental containers, coupled with an integrated facility network enables the company to deliver end-to-end waste and environmental solutions. Sprint’s integrated service model, best-in-class safety performance, vast regional resources, and commitment to service excellence have helped to establish Sprint as a valued strategic partner to a diverse base of industrial and commercial customers.
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; manufacturers and suppliers from the U.S. and abroad, and more.
Effram Kaplan, BGL Managing Director and Head of Environmental & Industrial Services, will serve as panel moderator for the session, “Navigating Through the Current Economic Environment,” on May 11th from 9:45-10:30 a.m. This session is part of the Waste 360 Business Leadership Forum, hosted by Comerica Bank, an event designed for environmental services companies looking for business and financial strategies that go beyond day-to-day operations.
BGL’s EIS team leads the North American market in Environmental Services transaction volume over the past five years. We have executed numerous transactions related to a broad range of environmental and industrial investments and have developed significant expertise in many subsectors, including waste & recycling, facility & field services, plant & equipment maintenance, and commercial services.
If you have an interest in discussing the current state of the M&A and capital markets across the Environmental Services landscape, we hope you’ll reach out. Our team welcomes the opportunity to discuss ways to assist you in navigating today’s dynamic M&A environment and maximizing your strategic objectives.
