MONROE, OH, JULY 12, 2017 - Valicor Environmental Services, one of North America's largest providers of non-hazardous wastewater treatment services, has expanded its leading network of wastewater processing facilities through the acquisition of substantially all of the assets of Ultra Environmental Services Inc.
Ultra Environmental collects and processes non-hazardous industrial wastewater in the Midwest United States. The addition of Ultra's centralized wastewater pretreatment facility in Burlington, KY significantly increases Valicor's wastewater capacity in the region.
"We are excited to extend Valicor's leading network into Kentucky and increase our total wastewater treatment capacity through the acquisition of Ultra Environmental," said Bill Hinton, Valicor's Chief Commercial Officer. "Ultra Environmental will play an important role in supporting our growth goals with wastewater generators as well as with providers of third party environmental solutions."
Terry Klopfstein, owner of Ultra Environmental, commented "Two of my most important goals in a sale were to (1) ensure that our loyal customers would continue to receive the excellent, highly customized service that Ultra's reputation was built upon, and (2) provide a very bright future for our dedicated employees. I was thrilled to partner with Valicor, who not only met these criteria but also made the process of selling both extremely fair and unbelievably simple."
Valicor is a portfolio company of Chicago-based Wind Point Partners. Wind Point acquired Valicor in June 2017 in partnership with executive James Devlin, who joined the company as CEO. Valicor's acquisition program focuses on acquiring operators of CWT facilities as well as other providers of waste management and environmental services, including materials recycling, used oil processing, product destruction, landfill solidification, and related services.
Terms and conditions of the sale were not disclosed. Kirkland & Ellis served as legal advisor to Valicor and Wind Point, while KPMG served as transaction advisor.
About Valicor
Based in Monroe, OH, Valicor is one of the largest providers of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment ("CWT") facilities, the Company transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. The Company's mission-critical services allow customers to meet federal, state, and local regulations by safely and responsibly disposing of oily water, leachate, soaps, line flush waste, and similar waste streams and it also provides a diverse set of landfill solidification and product destruction services. Additional information about Valicor is available at www.valicor.com.
About Wind Point Partners
Wind Point Partners is a private equity investment firm that has raised over $3 billion in commitments since 1984. Wind Point focuses on partnering with top caliber management teams to acquire middle market businesses where it can establish a clear path to value creation. Additional information about Wind Point is available at www.windpointpartners.com.