M&A Deal Summary

VeroLube Acquires Thermo Fluids

On March 10, 2014, VeroLube acquired environmental company Thermo Fluids from Nuverra for 165M USD

Acquisition Highlights
  • This is VeroLube’s 1st transaction in the Environmental sector.
  • This is VeroLube’s largest (disclosed) transaction.
  • This is VeroLube’s 1st transaction in the United States.
  • This is VeroLube’s 1st transaction in Arizona.
Investment Fate
  • Thermo Fluids was divested to a consortium of strategic buyers in 2015 for 85M USD.

M&A Deal Summary
Date 2014-03-10
Target Thermo Fluids
Sector Environmental
Buyer(s) VeroLube
Sellers(s) Nuverra
Deal Type Divestiture
Deal Value 165M USD

Target

Thermo Fluids

Phoenix, Arizona, United States
website
Thermo Fluids, Inc. is a provider of environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management. Thermo Fluids was formed in 1993 and Based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

VeroLube

Plano, Texas, United States

website

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

VeroLube is a provider of used oil re-refining services using its own patented and certified ReGenTM re-refining process producing high yields quality hydrocarbon products from used motor oil and operator of vertically integrated route based collectors of used motor oil.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Thermo Fluids

Phoenix, Arizona, United States

Thermo Fluids, Inc. is a provider of environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management. Thermo Fluids was formed in 1993 and Based in Scottsdale, Arizona.

Sell $85M

Seller(S) 1

SELLER

Nuverra

Houston, Texas, United States

website

Category Company
Founded 2007
Sector Environmental
Employees517
Revenue 110M USD (2020)
DESCRIPTION

Nuverra is a company dedicated to the protection, enhancement, and advancement of environmental solutions for the energy and industrial end markets. Nuverra was founded in 2007 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 Ideal Oilfield Disposal

Fargo, North Dakota, United States

Ideal Oilfield Disposal LLC owns greenfield oilfield disposal landfill site.

Buy $24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-05 Clearwater Solutions

Fairview Park, Ohio, United States

Clearwater Solutions is a supplier of quality water & safe, environmentally friendly disposal of waste water used by oil & gas industry in the Utica & Marcellus Shale formations.

Buy $42M
Mergr

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