Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of select oilfield waste assets of Inland Environmental & Remediation, Inc. (Inland) to RI-NU Environmental Services, Milano, LLC. BGL’s Environmental & Energy Services team served as the exclusive financial advisor to Inland’s senior secured lender. The specific terms of the transaction were not disclosed.
RI-NU Environmental Services purchased the property and assets of Inland’s Milano oilfield waste site in Milam County, Texas. Located on approximately 50 acres, the Milano facility currently provides saltwater disposal, truck washing, and oil and water based fluid recovery services. RI-NU’s seasoned management team brings innovative and efficient operations designed for growth to Inland’s Milano site. The Milano acquisition will enable RI-NU to grow its strong operating platform.
Inland Environmental & Remediation was formed in 1997 as a one-stop waste solutions provider for drilling operators in the Eagle Ford Shale region, with services that include drill cuttings recycling, oil and water-based fluids recovery, saltwater disposal, and truck washing.