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.
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 Business Services, Consumer, Environmental & Energy Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Irvine and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 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.