Wind River Environmental, a portfolio company of Gryphon Investors since April 2017, has acquired Soucy’s Septic Service.
Soucy’s Septic Service provides commercial and residential septic and drain cleaning services including septic pumping, septic design and installation, title inspections, grease trap and drain cleaning services, septic inspection and repairs. The company services customers located in Southern New Hampshire and Northern Massachusetts. Soucy’s Septic was founded in 1986 by John Soucy and is headquartered in Salem, NH (www.soucy-sewer.com).
Wind River inspects, services, repairs and installs non-hazardous liquid waste systems, including septic tanks, grease traps, pumping and industrial waste systems. The company offers its services to residential, commercial and municipal systems located in the eastern US. In 2016 the company serviced approximately 25,000 commercial and 52,000 residential sites. Customers include national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. Wind River was founded in 1999 and is led by its Co-founder and CEO John O’Connell. The company has more than 25 locations and 500 employees and is headquartered 30 miles west of Boston in Marlborough, MA (www.wrenvironmental.com).
“The reputation and expertise of the Soucy’s team deepens Wind River’s existing capabilities and client base,” said Mr. O’Connell. “The company is known as one of the most trusted septic system experts and we look forward to carrying their reputation forward with our combined teams – whether responding to emergency or routine septic and drain cleaning needs.”
Gryphon Investors acquired its majority ownership position in Wind River from RFE Investment Partners (which still maintains an equity interest) in April 2017. RFE acquired its interest in Wind River in July 2014 from Centre Partners and Housatonic Partners.
Gryphon Investors makes leveraged acquisitions and growth investments in middle-market companies. The firm invests from $50 million to $150 million of capital in companies with sales ranging from $50 million to $500 million. Sectors of interest include business services, consumer and retail, automotive, chemical, general manufacturing, health care and hotels. Gryphon Investors is based in San Francisco (www.gryphoninvestors.com).
© 2017 Private Equity Professional | July 19, 2017