RLJ Equity buys Olson Brothers Pro-Vac


RLJ Equity Partners LLC has acquired Olson Brothers Pro-Vac LLC. Sellers include Peninsula Capital Partners, Silver Peak Partners and Pro-Vac management. Pro-Vac, of Puyallup, Washington, provides environmental, infrastructure, and municipal services in the Pacific Northwest.

PRESS RELEASE

Chicago/Cleveland – January 9, 2019 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Olson Brothers Pro-Vac, LLC (Pro-Vac), to RLJ Equity Partners, LLC (RLJ). BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Pro-Vac in the transaction. The specific terms of the transaction were not disclosed.
Located in Puyallup, Washington, Pro-Vac is a leading environmental, infrastructure, and municipal services provider in the Pacific Northwest. The company offers a comprehensive suite of essential support services to the infrastructure, municipal, and environmental markets, including hydroexcavation, storm and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental, and other specialty services. Pro-Vac is a valued strategic partner to a diverse group of premier contractor, utility, municipal, and manufacturing customers in its region. Prior to the transaction, the company was majority-owned by Peninsula Capital Partners, a Detroit, Michigan-based private investment firm; Silver Peak Partners, a Denver, Colorado-based private investment firm; and key Pro-Vac management team members.
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To learn more about BGL’s Environmental & Industrial Services Group,
please visit: www.bglco.com/environmental-services
For additional information please contact:
Effram E. Kaplan
Managing Director
Co-Head of BGL’s Industrials Practice
Head of Environmental & Industrial
Services
[email protected]
216.920.6634
Michael T. Vinciguerra
Director
Environmental & Industrial
Services
[email protected]
312.658.4760

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, Diversified Industrials, Environmental & Industrial Services, Healthcare & Life Sciences, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego, in addition to international offices in more than 50 countries across 5 continents through our Global M&A Partners network. 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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