TEAM Partners Announces the Sale of TAS Environmental Services

TEAM Partners, LLC, a Dallas, Texas-based private investment firm, announces the sale of one of its portfolio companies, TAS Environmental Services, L.P. (“TAS”), to an affiliate of Blue Point Capital Partners, IV. Financial terms of the transaction were not disclosed.

TAS, based in Fort Worth, Texas, is a leading provider of environmental services including, among others, industrial services, industrial cleaning, wastewater disposal, emergency and spill response, remediation, transportation, waste management, box rental and terminal services. TAS operates in 13 facilities across Texas, Louisiana and Arkansas.  

TEAM partnered with TAS in 2012 with the intent to implement an active buy-and-build investment platform to create one of the preeminent providers of environmental services in the Southwest U.S. Over its investment period, TAS has experienced substantial growth through five add-on acquisitions, new locations, an expanded fleet, a larger employee base and a broader service offering. 

David Mann, managing partner of TEAM Partners, commented, “This transaction represents the culmination of a successful partnership with TAS spanning over six years. Our value creation plan resulted in substantial growth in TAS’ financial performance and generated a great outcome for all the stakeholders. It has been a privilege to work with such a talented team led by Ed Genovese and Steve Black. The evolution of the company during our ownership period has been a rewarding experience and I know the company is positioned for continued success in the future.“  

“TAS values the relationship we have developed with TEAM Partners over these years,” commented Ed Genovese, CEO of TAS. “Their experience and steady hand allowed the company to navigate growing from a small owner-operated business to a leading regional player. We greatly appreciated their culture and pragmatic approach to collaborating with us and supporting the management team to build TAS to the next level. Throughout our growth efforts together, TEAM respected our employees, processes and mission and it has been a pleasure to be partners together.”

Brown Gibbons Lang & Company served as financial advisor and Foley & Lardner served as legal advisor.

TEAM Partners, LLC

TEAM is a Dallas-based private investment firm that focuses on profitable, family owned and owner-operator businesses generally with up to $100 million in revenue. While TEAM will invest in companies across the U.S, we concentrate on opportunities in the Southwest that are looking for an experienced partner to collaborate on future growth initiatives. TEAM maintains a high degree of flexibility on investment structure and time horizon. Since 2000, our principals have acquired 28 companies across numerous industries including consumer products, industrial services, manufacturing, distribution and business services. For additional information, please visit www.teampartnersllc.com.

Contact:
David Mann
​Phone: 214-621-0192
​Email: david@teampartnersllc.com

Source: TEAM Partners, LLC


Categories: Investments

Tags: environmental services, investments, mergers and acquisitions, private equity, Texas


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TEAM Partners
12221 Merit Drive (1630)
Dallas, TX 75251
United States