TAS Environmental Services LP, a portfolio company of TEAM Partners LLC, has acquired two Texas-based environmental services companies: Donovan Industrial Service LLC and ROTAP LLC. No financial terms were disclosed.
DALLAS, Aug. 14, 2018 /PRNewswire/ –TAS Environmental Services, L.P. (“TAS”), a Fort Worth-based environmental services provider and portfolio company of TEAM Partners, LLC, a Dallas, TX-based private investment firm, announced the closing of two add-on acquisitions of Texas-based environmental services companies, Donovan Industrial Service, LLC (“Donovan”) and ROTAP, LLC (“ROTAP”). With these acquisitions, TAS has now completed four add-ons in the past 16 months. Financial terms of the transactions were not disclosed.
TAS provides a comprehensive suite of environmental services including, among others, industrial services, emergency and spill response, wastewater disposal, transportation, box rental and terminal services. TAS operates across 13 locations in Texas, Louisiana and Arkansas.
Donovan, based in Orange, TX, provides environmental services for both hazardous and non-hazardous materials including industrial cleaning, spill response, transportation, remediation and related services. ROTAP, also based in Orange, TX, provides transportation and rentals of roll-off boxes, tanks, pumps and related items.
Ed Genovese, TAS President and CEO commented, “Donovan and ROTAP have established themselves as leaders in the Golden Triangle area of Beaumont, Port Arthur and Orange Texas. They have earned the trust and respect of the customer base in this region and have an extremely high-quality employee base. The success of their recent expansion into the Houston market is further evidence of their brand’s strength. The investment in TAS’s operational infrastructure over the past several years positions us well to effectively manage and integrate these add-on acquisitions. We look forward to complementing Donovan and ROTAP’s strong reputation in the region.”
Donovan Weldon, owner and president of Donovan and ROTAP commented, “These transactions are a big win for all the stakeholders involved including our customers, employees and shareholders. This is the perfect time for this partnership with TAS as it allows our customers and employees to be part of a larger regional operator with greater resources to support growth. I couldn’t be more pleased with the outcome.”
David Mann, managing partner of TEAM Partners added, “We are honored to partner with Donovan and ROTAP and build upon the established foundation of the companies. It is a great strategic fit for TAS by adding a strong Gulf Coast presence and continues our efforts to build TAS into the premier environmental service provider in the Southwest U.S.”
About TAS Environmental Services, L.P.
TAS is a leading regional environmental services company based in Fort Worth, Texas. TAS offers a comprehensive service offering in Texas, Louisiana and Arkansas including industrial services, industrial cleaning, wastewater disposal, emergency and spill response, remediation, transportation, waste management, box rental, and terminal services. For additional information about TAS and its capabilities, please visit www.taslp.com.
About TEAM Partners, LLC
TEAM is a Dallas-based private investment firm that invests in profitable, family owned and owner-operator businesses generally with up to $100 million in revenue. We focus on opportunities in which we can add value from our strategic, operational and financial resources. Since 2002, our principals have acquired 28 companies across numerous industries including industrial, business services and consumer products. For additional information, please visit www.teampartnersllc.com.
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.