TAS Environmental Services L.P., a Fort Worth-based environmental services provider and portfolio company of Dallas-based private equity firm TEAM Partners LLC, has acquired Delmar Disposal Co., 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.”
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.”
www.taslp.com.
www.teampartnersllc.com.