Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of the assets of Terra Renewal LLC (the Company) , formerly owned by Saw Mill Capital, to Denali Water Solutions and an investment group led by Andy McNeill and McLarty Capital Partners. BGL’s Energy and Environmental Services team served as the exclusive financial advisor to the Company. The specific terms of the transaction were not disclosed.
Based in Russellville, Arkansas, the Terra Renewal Wastewater Residuals Division (n.k.a. Denali Water Solutions) is a leading environmental services company focused on repurposing organic waste for beneficial reuse by providing mission critical environmental services to municipal customers on a national basis, with a strong geographic presence in the U.S. Southeast, Southwest and California. Denali’s wastewater residuals management services include the collection, hauling, and disposal of biosolids; dewatering; and digester, basin, and tank cleaning. For more information, please visit www.denaliwater.com.
Effram Kaplan and Michael Vinciguerra led the BGL transaction team. Kirkland & Ellis served as legal counsel the Company and Saw Mill Capital.
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 Products & Retail Services, Energy & Environmental Services, Healthcare & Life Sciences, Industrials, Metals & Metals Processing, Plastics & Packaging, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Newport Beach, San Antonio, and Tampa, in addition to Global M&A partner offices in more than 50 countries across five 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.
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices, and provide global market expertise. For more information, please visit www.sawmillcapital.com.
McLarty Capital Partners (McLarty) provides flexible capital solutions to lower middle market companies. McLarty’s investments range across the capital structure in the form of unitranche senior debt, junior debt, structured equity and common equity. McLarty seeks to invest between $5 million to $30 million in both sponsor and non-sponsor owned companies that have revenue between $10 million and $300 million, and EBITDA between $3 million and $30 million. McLarty has offices in Washington, DC, New York, Arkansas, and Alabama. For more information, please visit www.mcpsmallbusiness.com.