Audax-backed LES buys Atlas Pumping Services

Liquid Environmental Solutions, which is backed by Audax Private Equity, has acquired Atlas Pumping Services.

Liquid Environmental Solutions, which is backed by Audax Private Equity, has acquired Atlas Pumping Services. No financial terms were disclosed. Atlas is a provider of grease and septic pumping services in the Greater San Diego Area.

PRESS RELEASE

Audax Private Equity portfolio company, Liquid Environmental Solutions, acquires Atlas Pumping Services

The Company
Atlas Pumping Services (“Atlas”) is a provider of grease and septic pumping services in the Greater San Diego Area.

The Deal
Liquid Environmental Solutions (“LES”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Atlas Pumping, representing the company’s third acquisition since Audax’ investment.

The Thesis
In December 2017, Audax Private Equity acquired Liquid Environmental Solutions (“LES”). Headquartered in Irving, TX, LES is a leading provider of non-hazardous liquid waste management and disposal services. LES collects, processes, and beneficially recovers materials from a wide variety of waste sources, including grease traps, oil water separators, grit traps, general industrial, and used cooking oil. The company provides these services for the restaurant, hospitality, automotive, manufacturing, power plant, petrochemical, and other industries, as well as environmental services companies. The acquisition of Atlas provides LES with an additional captive disposal option and increased route density in the greater San Diego Area.