M&A Deal Summary

Blue Point Capital Partners Acquires TAS Environmental Services

On May 2, 2019, private equity firm Blue Point Capital Partners acquired environmental company TAS Environmental Services from TEAM Partners

Acquisition Highlights
  • This is Blue Point Capital Partners’ 3rd transaction in the Environmental sector.
  • This is Blue Point Capital Partners’ 35th transaction in the United States.
  • This is Blue Point Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2019-05-02
Target TAS Environmental Services
Sector Environmental
Buyer(s) Blue Point Capital Partners
Sellers(s) TEAM Partners
Deal Type Recapitalization

Target

TAS Environmental Services

Forest Hill, Texas, United States
website
TAS Environmental Services is a provider of environmental, industrial cleaning, emergency response, waste transportation services and solutions for businesses and communities. TAS Environmental Services was founded in 2004 and is based in Forest Hill, Texas.

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Buyer(S) 1

Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.


DEAL STATS #
Overall 39 of 51
Sector (Environmental) 3 of 3
Type (Recapitalization) 13 of 14
State (Texas) 2 of 2
Country (United States) 35 of 47
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Kendall Vegetation Services

Lawrenceville, Georgia, United States

Kendall Vegetation Services provides professional vegetation management services, specializing in right-of-way maintenance, herbicide treatment, storm restoration and power line clearing, to utility customers on both transmission and distribution lines. Kendall Vegetation Services was founded in 1960 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 CPP

Cleveland, Ohio, United States

CPP is an aerospace casting manufacturer and offers both sand and investment casting capabilities. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP was founded in 1991 and is based in Cleveland, Ohio.

Sell -

Seller(S) 1

DESCRIPTION

TEAM Partners is a private investment firm focused on lower middle-market company acquisitions. Broad areas of interest include industrial products and services, consumer products, retail, and business services. The Firm pursues profitable companies and will consider businesses with up to $100 million in revenue. TEAM Partners was formed in 2011 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 TAS Environmental Services

Forest Hill, Texas, United States

TAS Environmental Services is a provider of environmental, industrial cleaning, emergency response, waste transportation services and solutions for businesses and communities. TAS Environmental Services was founded in 2004 and is based in Forest Hill, Texas.

Buy -