Omega Capital has acquired M&M Environmental Group LLC. No financial terms were disclosed. Based in Conway, Arkansas, M&M Environmental is an environmental solutions provider for the oil and gas sector in the mid-continent region.
Tulsa, Okla. (PRWEB) January 14, 2015
Tulsa-based private equity firm Omega Capital today announced the acquisition of majority ownership of M&M Environmental Group, LLC (“M&M Environmental”). Details of the transaction were not disclosed.
M&M Environmental is a leading environmental solutions provider to the oil and gas industry in the Mid-Continent region. The company provides a range of services from spill containment and rig services to completions and disposal. Headquartered in Conway, Ark., M&M Environmental has full-service field offices in Damascus, Ark., Alva, Okla. and Pauls Valley, Okla. Customers include many of the top exploration and production companies in the region.
“Since starting M&M Environmental in 2009 with a single power washer, we have grown to more than 250 employees and a large equipment fleet to serve our customers,” said Sam McFadin, founder and Chief Executive Officer of M&M Environmental. “I wanted a partner that could help take the company to the next level while maintaining our focus on quality and safety, and I am pleased to be working with Omega Capital.”
“We are excited to partner with Sam and the rest of the M&M Environmental team,” said Jason Martin, President of Omega Capital. “In addition to expanding our oilfield services business, we plan to offer our suite of environmental services to the steel, coal, construction and waste management industries.”
As part of the transaction, McFadin will retain a significant ownership stake in M&M Environmental and continue to serve as its chief executive officer, while Martin will serve as chairman of the board.
Omega Capital is currently seeking acquisition and investment opportunities in the energy, aviation, machinery, industrial technology, healthcare and food processing industries. Additional information may be found at http://www.omegacapital.com.
More information about M&M Environmental may be found at http://www.mmenvirosvc.com.