CHICAGO and CLEVELAND, Nov. 15,
2018 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL)
is pleased to announce the sale of Ecoserv Industrial Disposal, LLC
(the IDF or the Company), 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, the Company 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, the Company provides
reliable disposal services to petrochemical, refinery, chemical,
industrial, and environmental services customers.
About Brown Gibbons Lang & Company
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 &
Retail, Environmental & Industrial Services, Healthcare &
Life Sciences, Diversified Industrials, Metals & Metals
Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San
Antonio, and San Diego in
addition to Global M&A partner offices in more than 50
countries across 5 continents. BGL is able to deliver to our
clients unparalleled access to strategic relationships, investors,
and opportunities globally. For more information, please visit
www.bglco.com.
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SOURCE Brown Gibbons Lang & Company