TAS Environmental, an environmental services provider and a portfolio company of TEAM Partners, has acquired Delmar Disposal.
Delmar Disposal provides environmental and industrial services including wastewater disposal, tank cleaning, grease trap cleaning and related services. The company was founded in 1988 by Delmar “Buddy” Ham and is headquartered in Dallas (www.delmardisposal.com).
TAS Environmental is a regional environmental services company that provides emergency response, remediation, industrial services, transportation, pipeline and terminal services to companies in Texas, Louisiana and Arkansas. TAS, led by CEO Ed Genovese, operates out of nine locations in Texas, Louisiana, Arkansas and Kansas and is headquartered in Fort Worth, TX (www.taslp.com).
“TAS is pleased to join forces with Delmar Disposal to deepen our commitment to the Dallas-Ft. Worth environmental services market. This transaction strengthens our industrial services offering and adds an in-demand, internal recycling asset for TAS,” said Mr. Genovese. “TAS now operates the largest 24/7 industrial vacuum fleet in the Dallas-Ft. Worth area with over 25 local units and is uniquely positioned to serve the demands of our growing customer base.”
The buy of Delmar is TAS’ second add-on acquisition in 2017 and follows the acquisition of Water Kleen Services in May 2017. Water Kleen specializes in high-pressure (10,000 to 24,000 psi) water blasting to clean mix tanks for asphalt, resin & paint, and oilfield storage tanks. The company is based south of Dallas in Ennis, TX (www.waterkleeninc.com).
“This has been an active year for TAS as we have closed two add-on acquisitions in the past six months and opened a new greenfield location in Midland, Texas,” said David Mann, Managing Partner of TEAM Partners. “Our appetite for future growth remains strong and we will continue to seek additional strategic acquisitions.”
TEAM Partners invests in profitable, family-owned and owner-operator businesses that have up to $100 million in revenue and have a minimum EBITDA of $1 million. Sectors of interest include consumer products, industrial and business services. The firm was founded by David Mann – previously a Partner at Brazos Private Equity Partners – and is headquartered in Dallas (www.teampartnersllc.com).
© 2017 Private Equity Professional | December 1, 2017
