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 LP from TEAM Partners LLC

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 LP
Sector Environmental
Buyer(s) Blue Point Capital Partners
Sellers(s) TEAM Partners LLC
Deal Type Recapitalization

Target

TAS Environmental Services LP

Forest Hill, Texas, United States
website
TAS Environmental Services LP 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 825M USD
SizeMiddle-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 $20 to $300 million and EBITDA of at least $5 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 44
Sector (Environmental) 3 of 3
Type (Recapitalization) 13 of 13
State (Texas) 2 of 2
Country (United States) 35 of 40
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 W.A. Kendall and Co., Inc.

Lawrenceville, Georgia, United States

W.A. Kendall and Co., Inc. is a provider of professional vegetation management to utility companies across the south and the central United States. W.A. Kendall and Co. was founded in 1960 and is based in Lawrenceville, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 Consolidated Precision Products, Inc.

Cleveland, Ohio, United States

Consolidated Precision Products Corp. is an aerospace casting manufacturers 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. Consolidated Precision Products was founded in 1991 and is based in Cleveland, Ohio.

Sell -

Seller(S) 1

SELLER

TEAM Partners LLC

website


Category Private Equity Firm
Founded 2011
SizeSmall
Type Sector Agnostic
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 LP

Forest Hill, Texas, United States

TAS Environmental Services LP 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 -