US Ecology has acquired Ecoserve Industrial Disposal from Ecoserv LLC. No financial terms were disclosed. Brown Gibbons Lang & Company was financial adviser to Ecoserv on the transaction. Based in Winnie, Texas, Ecoserv Industrial Disposal is a non-hazardous industrial wastewater disposal solutions provider in the Gulf Coast region. Ecoserv is a portfolio company of Lariat Partners.
CHICAGO and CLEVELAND, Nov. 15, 2018 /PRNewswire/ — Brown Gibbons Lang & Company (BGL) is pleased to announce 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). Ecoserv is majority owned by Lariat Partners, a Denver, Colorado-based private investment firm. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Ecoserv in the transaction.
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.
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 & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. 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.