Divestiture • Business Services

Avista Oil Acquires Universal Environmental Services

On December 27, 2011, Avista Oil acquired business services company Universal Environmental Services from MidMark Capital and Navigator Partners

Acquisition Context
  • This is Avista Oil’s 1st transaction in the Business Services sector.
  • This is Avista Oil’s 1st transaction in the United States.
  • This is Avista Oil’s 1st transaction in Georgia.

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M&A Deal Summary

Date December 27, 2011
Target Universal Environmental Services
Sector Business Services
Buyer(s) Avista Oil
Sellers(s) MidMark Capital
Navigator Partners
Deal Type Divestiture

Target Company

Universal Environmental Services

Peachtree City, Georgia, United States
Universal Environmental Services is a collector and reseller of used oil. Universal Environmental Services was founded in 1995 and is based in Peachtree City, Georgia.
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Buyer Overview 1

Buyer

Avista Oil

Uetze, Germany

Category Company
Founded 1951
Sector Energy Services and Equipment
Employees520
DESCRIPTION

Avista Oil is one of the enterprises in used oil upcycling in Europe. In this field, the group of companies performs the whole range of functions from the collection of used oils, to re-refining and production and to the international marketing and sale of high-quality base oils and their upgrading to lubricants. Avista Oil was founded in 1951 and is based in Uetze, Germany.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1

Seller Profiles 2

SELLER

MidMark Capital

Morristown, New Jersey, United States

Category Private Equity Firm
Founded 1989
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

MidMark Capital is a private equity investment firm focused on acquiring mid-sized manufacturing companies. The Firm generally looks to acquire controlling interests in standalone businesses from private and corporate owners, however the MidMark will also make significant equity investments in rapidly growing businesses. MidMark typically acts as the lead investor when pursuing transactions. MidMark Capital was formed in 1989 and is based in Morristown, New Jersey.


Deal Context for Seller #
Overall 6 of 12
Sector: Business Services 1 of 2
Type: Divestiture 1 of 1
State: Georgia 1 of 1
Country: United States 6 of 11
Year: 2011 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 Consolidated Aviation Services

Jamaica, New York, United States

Consolidated Aviation Services is a provider of an import and export cargo handling services. Cargo Airport Services coordinates the process of transferring and releasing cargo between air carriers and ground transportation providers at major airports.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 WHI Solutions

Rye Brook, New York, United States

WHI Solutions is a provider of e-commerce tools for the automotive aftermarket. The company facilitates the sale of millions of brand name auto and truck parts, accessories, performance products, and consumer items.

Sell -
SELLER

Navigator Partners

Summit, New Jersey, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Navigator Partners LLC (formerly Navigator Equity Partners LLC) is a private equity firm focused on smaller middle-market company acquisitions and recapitalizations. The Firm is licensed as a SBIC and targets companies with revenues of $10 to $200 million and EBITDA of at least $2 million. Companies of interest include manufacturers and marketers of consumer and healthcare products, providers of consumer and business services, franchisors, healthcare service providers, select industrial products, and media businesses. Navigator will not invest in start-up, early-stage, or turnaround situations. Navigator Equity Partners is based in Summit, New Jersey.


Deal Context for Seller #
Overall 6 of 11
Sector: Business Services 1 of 2
Type: Divestiture 2 of 2
State: Georgia 2 of 3
Country: United States 6 of 11
Year: 2011 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 Conisus

Atlanta, Georgia, United States

Conisus provides scientific-oriented promotional marketing and education solutions to a diverse group of biopharmaceutical companies to assist in the promotion and education of oncology drugs and therapies. Conisus was formed in 2007 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-12 Westcon

Bismarck, North Dakota, United States

Westcon, Inc., is a provides a comprehensive range of construction services to large industrial processing facilities throughout the United States. The company specializes in large-scale construction solutions for a diverse mix of clients.

Sell -