M&A Deal Summary

Sonic Environmental Solutions Acquires Terra-Kleen Response Group

On November 23, 2005, Sonic Environmental Solutions acquired environmental company Terra-Kleen Response Group from HCAP Partners for 8M USD

Acquisition Highlights
  • This is Sonic Environmental Solutions’ 1st transaction in the Environmental sector.
  • This is Sonic Environmental Solutions’ largest (disclosed) transaction.
  • This is Sonic Environmental Solutions’ 1st transaction in the United States.
  • This is Sonic Environmental Solutions’ 1st transaction in California.

M&A Deal Summary
Date 2005-11-23
Target Terra-Kleen Response Group
Sector Environmental
Buyer(s) Sonic Environmental Solutions
Sellers(s) HCAP Partners
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Terra-Kleen Response Group

San Diego, California, United States
Terra-Kleen operates proprietary and patented technologies for the remediation of contaminated soil through a solvent extraction process which removes and concentrates contaminants. The Company has an established operating history with the Environmental Protection Agency in the USA and has licenses in both Japan and Australia.

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Buyer(S) 1

Buyer

Sonic Environmental Solutions

Vancouver, British Columbia, Canada
Category Company
Sector Environmental
DESCRIPTION

Sonic Environmental Solutions is a technology company in the process of commercializing its patented Sonic generator technology in the environmental and other process industry sectors. Sonic Environmental Solutions is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 1 of 31
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 16
State (California) 1 of 21
Country (United States) 1 of 31
Year (2005) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-03 ATTOM Data Solutions

Irvine, California, United States

ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM Data Solutions was founded in 1996 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Pet DRx

Brentwood, Tennessee, United States

Pet DRx Corp. is a provider of primary and specialty veterinary care services to companion animals through a network of veterinary hospitals.

Buy -
Mergr

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