M&A Deal Summary

ARC Industries Acquires Canco

On March 1, 2019, family office ARC Industries acquired environmental company Canco

Acquisition Highlights
  • This is ARC Industries’ 4th transaction in the Environmental sector.
  • This is ARC Industries’ 10th transaction in the United States.
  • This is ARC Industries’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2019-03-01
Target Canco
Sector Environmental
Buyer(s) ARC Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Canco

Chester, South Carolina, United States
Canco provides environmental services such as hydro-blasting, industrial cleaning, and vacuum truck services. Canco was founded in 1986 and is based in Chester, South Carolina.

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Buyer(S) 1

Buyer

ARC Industries

Category Family Office
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

ARC Industries, Inc. is a family office focused on acquiring established companies in traditional industries from retiring owners. The Firm targets profitable, smaller companies with $1 to $10 million of EBITDA. Specific areas of interest include environmental services, plastics, and sign manufacturing. ARC Industries, Inc. was established in 1999 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 10 of 17
Sector (Environmental) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 16
State (South Carolina) 2 of 2
Country (United States) 10 of 17
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 PetroChem Recovery Services

Norfolk, Virginia, United States

PetroChem Recovery Services, Inc. is a full-service emergency response, industrial, hazardous and non-hazardous waste environmental services and remediation company. Since 1982, PetroChem Recovery Services has provided cost-effective, timely and environmentally conscious services .PetroChem offers a comprehensive line of environmental services including: 24-hour emergency response to chemical and petroleum spills, groundwater testing and remediation, industrial cleaning for maintenance and shutdowns, vacuum truck services, recycling of waste/oil fuels/oil filters and the transportation and disposal of hazardous and non-hazardous materials. PetroChem Recovery Services was founded in 1982 and is based in Norfolk, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Shipyard Staffing

Norfolk, Virginia, United States

Shipyard Staffing is an expertized in helping companies connect with the right taken national skilled tradesman for the ship repair and ship construction industry. Shipyard Staffing is based in Norfolk, Virginia.

Sell -
Mergr

Product

Company

Legal