Chicago/Cleveland – November 15, 2018 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Ecoserv Industrial Disposal, LLC (IDF), a wholly owned subsidiary of Ecoserv, LLC (Ecoserv), to US Ecology, Inc. (NASDAQ-GS: ECOL) (US Ecology). Ecoserv is majority owned by Lariat Partners, a Denver, Colorado-based private investment firm. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Ecoserv in the transaction.
Located in Winnie, Texas, the IDF is a leading non-hazardous industrial wastewater (NIW) disposal solutions provider in the Gulf Coast region, offering economically efficient and environmentally safe disposal of a wide array of industrial waste streams. Utilizing deep-well injection technology, IDF operates several of the only commercial caprock injection wells fully permitted for difficult to treat Class 1 and 2 NIW streams, including solids, sludges, high metals, flammable exempt, leachate, and ammonia. Strategically located near key markets such as Houston and Beaumont, Texas and Lake Charles, Louisiana, IDF provides reliable disposal services to petrochemical, refinery, chemical, industrial, and environmental services customers.