A&D Environmental Services, a portfolio company of Tillery Capital, Northstar Capital, and Centerfield Capital, has been sold to JBC Group, part of The RossWay Group of companies.
A&D Environmental Services is a provider of environmental and industrial services including heavy industrial cleaning, remediation of contaminated soil, hazardous and non-hazardous waste management, transportation of hazardous and non-hazardous materials, and emergency spill response and cleanup. The company is headquartered in High Point, NC and has eight locations throughout the Southeast and Colorado (www.adenviro.com).
Tillery Capital, in partnership with the management team, acquired A&D from its previous owner via an asset purchase in January 2007. In 2008 the company acquired Carolina Environmental Associates and NuWay Industrial Services and in 2011 completed the acquisition of Greenleaf Environmental.
Tillery Capital makes control equity investments in companies whose annual EBITDA is between $2 million and $10 million. Sectors of interest include: agriculture products and equipment; niche manufacturing businesses; commercial and industrial service companies; healthcare services; environmental services; and operationally complex businesses. Tillery Capital was founded in 2006 and has offices in Charlotte and Raleigh, NC, and Indianapolis (www.tillerycapital.com).
JBC Group, the buyer of A&D Environmental Services, is part of The RossWay Group of companies which is controlled by the Cromling family (Maureen Ross Cromling; her husband, William Cromling II; and their sons William Cromling III and Jon Cromling). The RossWay Group provides incineration, transportation, recycling and waste management services to manufacturers, recycling firms, waste management providers, and remediation contractors. Included in The RossWay Group are Ross Environmental Services; Ross Incineration Services; Ross Transportation Services; ReTech Plastics; and ReTech Steel. The RossWay Group is headquartered in Elyria, OH (www.rossenvironmental.com).
“With this acquisition, we are making significant progress towards accomplishing our goals of continued growth and diversification. This new partnership will enable our customers to continue to receive the high quality service that they have come to expect from us in the past 65 years with the addition of new, more comprehensive services,” said William Cromling III.
2015 PEPD • Private Equity’s Leading News Magazine • 5-15-15