CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners and its portfolio company, TAS Environmental Services (TAS), announced today the acquisition of Environmental Concepts & Services (ECS).
ECS is a specialized provider of waste transportation, non-hazardous waste treatment and disposal and other industrial services to companies operating in the manufacturing and specialty chemical end markets. Located in Springfield, Tenn., this family-owned company has offered comprehensive, turnkey waste management services with a dedication to eco-conscious practices, professionalism, integrity and customer satisfaction for more than 20 years.
Based in the Dallas-Fort Worth metroplex, TAS is a leading provider of specialized environmental and industrial services across the Southern United States. TAS offers a comprehensive portfolio of environmental services and has built a strong reputation for its commitment to customer care, operational excellence and responsiveness.
“ECS is the perfect complementary fit to the TAS platform, aligning well in culture, vision and a dedication to customer service and satisfaction,” said Blue Point Partner Sean Ward. “The partnership will enhance TAS’ operations, adding additional wastewater and waste treatment capabilities to the platform’s already extensive service offerings, and building on our mission of being the provider of choice in the environmental services sector.”
ECS marks TAS’ fifth acquisition since partnering with Blue Point in May of 2019. With Blue Point’s support, the TAS team will continue to broaden its attractive waste management capabilities and pursue additional well-aligned opportunities.
“This partnership is a continuation of the value creation strategy the Blue Point and TAS teams committed to from the outset — to expand the platform’s footprint and capabilities through strategic M&A and organic value creation while preserving its commitment to excellent service,” said Blue Point Partner Charley Geiger. “We are honored to work alongside the TAS and ECS teams to assist in fostering their ongoing success.”
Environmental Concepts & Services (ECS) is a provider of waste transportation and disposal and other industrial and remedial services, serving manufacturing and specialty chemical customers across Tennessee, Kentucky, Alabama, Georgia and Indiana.
TAS Environmental Services (TAS) is a leading provider of specialized environmental and industrial services across the Southern United States, with special projects available coast to coast. TAS offers comprehensive services, including industrial cleaning, hydro blasting, waste transportation and disposal, emergency response, tank cleaning, box rental, pipeline maintenance and remediation, among others.
Blue Point Capital Partners is a private equity firm managing over $1.9 billion in committed capital. With resources in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.
