M&A Deal Summary

VLS Environmental Solutions Acquires ERC

On September 21, 2021, VLS Environmental Solutions acquired environmental company ERC from Rock Island Capital

Acquisition Highlights
  • This is VLS Environmental Solutions’ 3rd transaction in the Environmental sector.
  • This is VLS Environmental Solutions’ 5th transaction in the United States.
  • This is VLS Environmental Solutions’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-09-21
Target ERC
Sector Environmental
Buyer(s) VLS Environmental Solutions
Sellers(s) Rock Island Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

ERC

Lancaster, Pennsylvania, United States
website
ERC provides wastewater treatment, industrial waste management, and other environmental services to customers in the Mid-Atlantic and Midwest. ERC was formed in 1988 and is based in Lancaster, Pennsylvania.

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Buyer(S) 1

Buyer

VLS Environmental Solutions

Houston, Texas, United States

website


Category Company
Founded 2007
Sector Environmental
DESCRIPTION

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 9
Sector (Environmental) 3 of 4
Type (Add-on Acquisition) 4 of 8
State (Pennsylvania) 1 of 1
Country (United States) 5 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 Pacific Trans Environmental Services

El Cajon, California, United States

Pacific Trans Environmental Services, Inc. provides waste management, industrial services, and other environmental services to customers in California while the PTES location in Tijuana provides storage and transfer services to customers in Mexico. Pacific Trans Environmental Services was founded in 1992 and is based in El Cajon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Plaquemine Point Shipyard

Sunshine, Louisiana, United States

Plaquemine Point Shipyard provides full-service barge cleaning and repair along the Mississippi River. Plaquemine Point Shipyard was founded in 2010 and is based in Sunshine, Louisiana.

Buy -

Seller(S) 1

SELLER

Rock Island Capital

Oak Brook, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 310M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rock Island Capital is a private equity firm that provides equity and mezzanine capital to middle-market manufacturing, distribution or service companies located in the US. Rock Island typically invests to support management buyouts, generational changes of ownership, growth and expansion, and recapitalization. Prospective companies generally have sales of at least $10 million and are valued up to $150 million. The Firm will consider both majority or minority positions. Rock Island Capital has offices in Oak Brook, Illinois and Kansas City, Missouri.


DEAL STATS #
Overall 8 of 12
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 8 of 12
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Benco Technology

Honey Brook, Pennsylvania, United States

BenCo provides laser, water, and plasma cutting, fabrication, and design services for steel, aluminum, and other select metal products for customers primarily located throughout Southeastern Pennsylvania. BenCo is a manufacturing partner to over 900 customers across industry verticals including: healthcare, agriculture, manufacturing, construction, transportation, retail, mining, and others.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Superior Felt & Filtration

McHenry, Illinois, United States

Superior Felt & Filtration is a converter and distributor of nonwoven materials and subcomponent manufacturer primarily serving the medical and industrial filtration markets. The company maintains the largest inventory of nonwoven textiles in North America and is the exclusive North American distribution of Technostat® electrostatic, nonwoven media to medical end-markets.

Buy -