FORT WORTH, Texas - November 28, 2017 - (Newswire.com)
TAS Environmental Services, L.P. (“TAS”), a Fort Worth-based environmental services provider and portfolio company of TEAM Partners, LLC, a Dallas, Texas-based private equity firm, announced the acquisition of Delmar Disposal Co. (“Delmar Disposal”), a Dallas-based industrial waste services provider. Delmar is TAS’ second add-on acquisition in 2017 and follows the acquisition of Water Kleen Services in May. Financial terms of the transaction were not disclosed.
TAS provides a comprehensive suite of environmental services including, among others, industrial services, emergency response, remediation, transportation, pipeline and terminal services. TAS operates in Texas, Louisiana and Arkansas.
Delmar Disposal, founded in 1988, provides environmental and industrial services including wastewater disposal, tank cleaning, grease trap cleaning and related services. Delmar operates a wastewater treatment and recycling facility and was recently recognized by the City of Dallas as a Blue Thumb Award recipient for its contribution in improving the water quality of the Trinity River.
“TAS is pleased to join forces with Delmar Disposal to deepen our commitment to the DFW environmental services market,“ said Ed Genovese, TAS President and CEO. “This transaction strengthens our industrial services offering and adds an in-demand, internal recycling asset for TAS. We have tremendous respect for the operation that Delmar has built over the last 30 years and are honored to work with Delmar’s customers and employees going forward. TAS now operates DFW’s largest 24/7 industrial vacuum fleet with over 25 local units and is uniquely positioned to serve the demands of our growing customer base.”
Buddy Ham, owner of Delmar commented, “I am excited to watch Delmar’s next phase of growth under TAS. TAS is a natural home for Delmar as they adhere to our same philosophy of providing exceptional customer service and treating employees well. In addition, TAS will also bring additional resources and services to the customer base.”
David Mann, managing partner of TEAM Partners added, “We are thrilled to welcome Delmar to the TAS platform. This has been an active year for TAS as we have closed two add-on acquisitions in the past six months and opened a new greenfield location in Midland, Texas. Our appetite for future growth remains strong and we will continue to seek additional strategic acquisitions.”
About TAS Environmental Services, L.P.
TAS is a leading regional environmental services company based in Fort Worth, Texas. TAS offers a comprehensive service offering in Texas, Louisiana and Arkansas including emergency response, remediation, industrial services, transportation, waste management, pipeline and terminal services. For additional information about TAS and its capabilities, please visit www.taslp.com.
About TEAM Partners, LLC
TEAM is a Dallas-based private investment firm that invests in profitable, family owned and owner-operator businesses generally with up to $100 million in revenue. We focus on opportunities in which we can add value from our strategic, operational and financial resources. Since 2002, our principals have acquired 26 companies across numerous industries including industrial, business services and consumer products. For additional information, please visit www.teampartnersllc.com.
For TAS Environmental Services
Ed Genovese, CEO
Phone: (817) 535-7222
For TEAM Partners, LLC
TAS Environmental Services, LP Website
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Original Source: TAS Environmental Services Acquires Delmar Disposal for Its Second Acquisition in 2017