Wind Point to sell Valicor Environmental to Pritzker Private Capital

Wind Point Partners said July 10 that it agreed to sell Valicor Environmental Services to Pritzker Private Capital. Financial terms of the deal, which is expected to close in July, weren’t announced. Valicor, of Monroe, Ohio, provides non-hazardous wastewater treatment services to more than 5,000 customers throughout North America.

PRESS RELEASE

Wind Point Partners to sell Valicor Environmental Services to Pritzker Private Capital

Chicago, IL, July 10, 2019 – Wind Point Partners, a Chicago-based private equity firm, announced today it has entered into a definitive agreement to sell Valicor Environmental Services (“Valicor” or the “Company”), a leading provider of non-hazardous wastewater treatment services in North America, to Pritzker Private Capital. The transaction is expected to close in July.

 

Based in Monroe, Ohio, Valicor provides non-hazardous wastewater treatment services to more than 5,000 customers throughout North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment (“CWT”) facilities, the Company transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. Valicor helps its customers dispose of oily water, leachate, soaps, line flush waste, and similar waste streams, and it also provides a diverse set of landfill solidification and product destruction services.

 

Wind Point acquired Valicor in June of 2017 in partnership with existing management and industry veteran James Devlin, who joined the Company as CEO. James, an experienced executive in the waste management, environmental services, and fluid processing industries, built a best-in-class management team and added considerable commercial and industry expertise to the Company. The leadership team and capabilities developed through Wind Point’s partnership with James served to successfully augment the market leading operational and processing capabilities Valicor had built throughout its history. During Wind Point’s two-year ownership period, Valicor’s revenue approximately doubled and margins were increased through a combination of organic growth, four complementary acquisitions, and various operational initiatives. Valicor now stands as a premier provider of non-hazardous wastewater treatment services in North America.

 

Konrad Salaber, Managing Director at Wind Point, commented, “When we acquired Valicor with James, we worked together to identify several actionable opportunities for growth and value creation. James proved to be an excellent fit to lead the business and he and his team did an outstanding job executing our value creation plan. We are thankful to the entire Valicor team for helping us deliver a strong outcome for our investors and we wish them continued success alongside new ownership.”

 

CEO James Devlin and the rest of the Valicor management team will continue to lead the business under the ownership of Pritzker Private Capital.

 

James Devlin, CEO of Valicor, stated, “I want to thank Wind Point and our board for their tremendous support over the last two years. Together we have built a market leading business that is well-positioned to continue serving our customers, employees, and all stakeholders. We very much look forward to continuing our momentum in partnership with Pritzker Private Capital.”

 

Wind Point is an active investor in transportation, logistics, and route-based businesses with prior investments including A&R Logistics, St. George Logistics, Dicom Transportation Group, RailWorks Corporation, and AIR-Serv Group.

 

Kirkland & Ellis is serving as legal counsel to Valicor, while Houlihan Lokey is serving as lead financial advisor, and Raymond James is serving as co-financial advisor.

 

About Valicor Environmental Services

 

Headquartered in Monroe, Ohio, Valicor is one of the largest providers of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment facilities, Valicor transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. The Company’s mission-critical services allow customers to meet federal, state and local regulations by safely and responsibly disposing of oily water, leachate, soaps, line flush waste and similar waste streams. Valicor also provides a diverse set of landfill solidification and product destruction services. For more information, visit Valicor.com.

 

About Wind Point Partners

 

Wind Point Partners is a Chicago-based private equity investment firm with approximately $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016. For more information, please visit www.windpointpartners.com.