TAS Environmental, an environmental services provider and a portfolio company of TEAM Partners, has acquired sister companies Donovan Industrial Service and ROTAP. With these acquisitions, TAS has now completed four add-ons in the past 16 months.
Donovan Industrial Service provides environmental services for both hazardous and non-hazardous materials including industrial cleaning, spill response, transportation, and remediation. The customers of the company include refineries, chemical plants, shipyards, pulp and paper companies, pipelines, and terminal and tank farms in Texas and Louisiana. Donovan Industrial is headquartered near Houston in Orange, TX (www.donovanindustrial.com).
ROTAP provides transportation and rentals of roll-off boxes, tanks, pumps and other related items. The company was founded in 2012 and is headquartered in Orange, TX (www.rotapllc.com).
Donovan Weldon is the president of both Donovan Industrial and ROTAP and he held an equity interest in both prior to the sale to TAS. “These transactions are a big win for all the stakeholders involved including our customers, employees and shareholders,” said Mr. Donovan. “This is the perfect time for this partnership with TAS as it allows our customers and employees to be part of a larger regional operator with greater resources to support growth. I couldn’t be more pleased with the outcome.”
TAS Environmental is a regional environmental services company that provides industrial services, emergency and spill response, wastewater disposal, transportation, box rental and terminal services. TAS, led by CEO Ed Genovese, operates out of 13 locations in Texas, Louisiana, and Arkansas and is headquartered in Fort Worth, TX (www.taslp.com).
“Donovan and ROTAP have established themselves as leaders in the Golden Triangle area of Beaumont, Port Arthur and Orange, Texas,” said Mr. Genovese. “They have earned the trust and respect of the customer base in this region and have an extremely high-quality employee base. The success of their recent expansion into the Houston market is further evidence of their brand’s strength. The investment in TAS’s operational infrastructure over the past several years positions us well to effectively manage and integrate these add-on acquisitions.”
“We are honored to partner with Donovan and ROTAP and build upon the established foundation of the companies. It is a great strategic fit for TAS by adding a strong Gulf Coast presence and continues our efforts to build TAS into the premier environmental service provider in the Southwest US,” said David Mann, Managing Partner of TEAM.
Earlier add-on acquisitions for TAS include Water Kleen Services, an Ennis, TX-based provider of environmental and industrial services; and Dallas-based Delmar Disposal, also a provider of environmental and industrial services, acquired in December 2017.
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).
© 2018 Private Equity Professional | August 20, 2018