Aurora Capital Partners has acquired VLS Recovery Services, a provider of specialty cleaning and waste processing services.
VLS provides specialty cleaning services of railcars and large industrial containers for difficult-to-clean materials such as hardened polymer residues and resins to poisonous or flammable liquids and vapors. The company also provides other processing services for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment.
VLS, led by CEO Michael Dilick, is headquartered northwest of Houston in Hockley, TX and has additional facilities in Georgia, Tennessee and South Carolina (www.vlsrs.com).
“Over the past ten years VLS has become the established leader of attractive niches in waste cleaning and processing with outstanding technical capabilities, deep customer relationships and an unrivaled track record of reliable performance. We look forward to partnering with the VLS management team and employees, who are proven innovators in their markets,” said Mark Rosenbaum, a Managing Partner at Aurora Capital.
Aurora Capital focuses principally on control investments in middle-market industrial, manufacturing and service oriented businesses. The firm, founded in 1991, has over $3 billion of capital under management and is headquartered in Los Angeles (www.auroracap.com).
“We have a long history of partnering with market-leading businesses to accelerate organic and acquisition growth initiatives. We see significant growth potential for VLS in the future and are excited to continue building on the company’s success,” said Matthew Laycock, a Partner at Aurora Capital.
Duff & Phelps was the financial advisor to VLS. Ares Capital and Varagon Capital Partners provided debt financing for the transaction.
© 2017 Private Equity Professional | October 18, 2017
