M&A Deal Summary

Taglich Private Equity Acquires Basin Environmental Service Technologies

On January 1, 2014, private equity firm Taglich Private Equity acquired energy services and equipment company Basin Environmental Service Technologies

Acquisition Highlights
  • This is Taglich Private Equity’s 1st transaction in the Energy Services and Equipment sector.
  • This is Taglich Private Equity’s 19th transaction in the United States.
  • This is Taglich Private Equity’s 1st transaction in New Mexico.

M&A Deal Summary

Date 2014-01-01
Target Basin Environmental Service Technologies
Sector Energy Services and Equipment
Buyer(s) Taglich Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Basin Environmental Service Technologies

Lovington, New Mexico, United States
Basin Environmental Service Technologies LLC is an oilfield soil remediation and cleanup services for oil development and production companies in the Permian Basin.

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Buyer(S) 1

Buyer

Taglich Private Equity

New York, New York, United States

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 19 of 23
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 17 of 19
State (New Mexico) 1 of 1
Country (United States) 19 of 23
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 Mare Island Dry Dock

Vallejo, California, United States

Mare Island Dry Dock is a provider of ship repair and overhaul work to the United States Maritime Administration, Military Sealift Command, US Coast Guard, cruise ships and other commercial vessels. MIDD's 17-acre facility, located at the former Mare Island Ship Yard, operates two graving dry docks that have the ability to service and repair 95% of all vessels that transit the West Coast of the United States. Mare Island Dry Dock was founded in 2013 and is based in Vallejo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Lignetics

Broomfield, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

Buy -