DENVER, Dec. 18, 2018 /PRNewswire/ -- Lariat Partners
("Lariat"), a Denver-based private
equity firm, announced 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").
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.
Lariat made its original investment in Ecoserv in March 2014 and during its ownership undertook
numerous strategic initiatives in partnership with Ecoserv's
management to strengthen and improve the business. Lariat and
Ecoserv focused on decentralizing the business into smaller more
specialized units and then empowered the divisional management
teams to invest in growing their individual business units. The IDF
division experienced tremendous growth and success under this
approach.
Kevin Mitchell, Co-Founder and
Managing Partner of Lariat, said, "We are very pleased to complete
this successful transaction and we would like to thank Yvonne Hudspeth, IDF's Divisional Manager. Under
Yvonne's leadership, IDF became a leading NIW disposal solutions
provider in the Gulf Coast region. This transaction enables Ecoserv
to focus on both its core environmental cleaning and waste disposal
services business as well as its Ecorobotics technology."
Brown Gibbons Lang & Company served as the exclusive
financial advisor to Lariat and Ecoserv, and Perkins Coie served as legal advisor.
About Lariat Partners
Denver-based Lariat Partners is a
private equity firm focused on partnering with business owners and
entrepreneurs in the lower-middle market. With its CORE Investment
Strategy targeting COnsolidations, COnsumables and REcurring
revenue businesses, Lariat offers a differentiated approach to
partnering with business owners and entrepreneurs and growing their
middle market businesses. Using CORE, Lariat has invested in
companies across many industries, including Food and Agribusiness,
Energy and Environmental Services, Consumer Products and Services,
Specialty Distribution, and Industrial Services. For more
information, visit www.lariatpartners.net.
Contact: Chris Tofalli
Chis Tofalli Public Relations, LLC
914-834-4334
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SOURCE Lariat Partners