Valicor Environmental Services, a provider of non-hazardous wastewater treatment services and a portfolio company of Wind Point Partners, has acquired Ultra Environmental Services.
Ultra Environmental collects and processes non-hazardous industrial wastewater in the Midwest area of the US. According to Wind Point, the addition of Ultra’s wastewater pretreatment facility in Burlington, KY significantly increases Valicor’s wastewater capacity in the region.
“We are excited to extend Valicor’s leading network into Kentucky and increase our total wastewater treatment capacity through the acquisition of Ultra Environmental,” said Bill Hinton, Valicor’s Chief Commercial Officer. “Ultra Environmental will play an important role in supporting our growth goals with wastewater generators as well as with providers of third party environmental solutions.”
In June 2017, Wind Point Partners partnered with waste management and environmental services executive James Devlin to acquire Valicor Environmental Services, a provider of non-hazardous wastewater treatment services and a division of employee-owned Valicor Inc. As part of the transaction, Wind Point acquired all of Valicor’s wastewater and oil processing assets as well as ownership of the Valicor brand.
Under Wind Point ownership, Valicor now has a fleet of tanker trucks and a network of wastewater treatment facilities that collects, transports and processes a variety of wastewater products – oily water, leachate, soaps, line flush waste, and similar waste streams – that result from the manufacture of industrial and consumer goods. Customers include Honda, Harley-Davidson, Ford, General Electric, General Motors, Parker Hannafin, and many others. The acquired operations are headquartered halfway between Cincinnati and Dayton in Middletown, OH (www.valicor.com).
Wind Point’s add-on acquisition program for Valicor focuses on acquiring operators of centralized wastewater treatment (CWT) facilities as well as other providers of waste management and environmental services, including materials recycling, used oil processing, product destruction, and landfill solidification.
Wind Point invests from $20 million to $70 million of equity in companies with revenues from $100 million to $500 million and EBITDAs of at least $8 million. Industries of interest include business services, consumer products, healthcare and industrial products. The firm was founded in 1984 and is based in Chicago (www.wppartners.com).
© 2017 Private Equity Professional | July 10, 2017
