M&A Deal Summary

Audax Private Equity Acquires Liquid Environmental Solutions

On December 20, 2017, private equity firm Audax Private Equity acquired environmental company Liquid Environmental Solutions from Craton Equity Partners

Acquisition Highlights
  • This is Audax Private Equity’s 2nd transaction in the Environmental sector.
  • This is Audax Private Equity’s 104th transaction in the United States.
  • This is Audax Private Equity’s 12th transaction in Texas.

M&A Deal Summary

Date 2017-12-20
Target Liquid Environmental Solutions
Sector Environmental
Buyer(s) Audax Private Equity
Sellers(s) Craton Equity Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Liquid Environmental Solutions

Irving, Texas, United States
Liquid Environmental Solutions is a provider of non-hazardous liquid waste management and disposal services for the restaurant, hospitality, automotive, manufacturing, power plant, petrochemical, and other industries, as well as environmental services companies. Liquid Environmental Solutions was founded in 2002 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 108 of 167
Sector (Environmental) 2 of 2
Type (Secondary Buyout) 47 of 72
State (Texas) 12 of 16
Country (United States) 104 of 158
Year (2017) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Broadcast Electronics

Quincy, Illinois, United States

Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Craton Equity Partners

Beverly Hills, California, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 250M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Craton Equity Partners (CEP) is a specialist investment firm that targets growth companies in certain areas of the clean tech and environmental technology sectors. Specific areas of interest include water remediation, waste conversion, 'green' building materials, renewable sources of energy, distributed energy systems, recycling companies, and alternative fuels such as ethanol and bio-diesel. CEP looks for undercapitalized companies valued less than $50 million. Craton Equity Partners was formed in 2005 and is based in Beverly Hills, California.


DEAL STATS #
Overall 8 of 8
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 6 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Arxx

Cobourg, Ontario, Canada

Arxx Corporation is a manufacturer of Insulating Concrete Forms (ICF). ICFs are rigid polystyrene foam forms that hold concrete in place during curing and remain in place afterwards to serve as thermal insulation for concrete walls.

Sell -