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.
BGL’s Environmental & Industrial Services investment banking team served as the exclusive financial advisor to TM in the transaction. The specific terms of the transaction were not disclosed.
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.