HOUSTON, Texas, (February 8, 2023) – VLS Environmental Solutions, LLC, a Houston-based environmental services company and a portfolio company of I Squared Capital, has acquired SRE Environmental, a waste management solutions company in Phoenix, Arizona.
SRE manages millions of gallons of commercial and industrial wastewater throughout the western United States utilizing its large fleet of tanker trucks and other related transportation equipment. The company also offers solid waste management solutions and other industrial services to serve the diverse and growing needs of its clients.
SRE’s evaporation ponds provide safe, economic, and low carbon disposal solutions for compatible wastewaters. Using solar evaporation as the sole source of treatment, the facility is designed for zero discharge and zero processing. This provides clients with an environmentally friendly and a low-emission option for the treatment and disposal of compatible wastewaters.
John Magee, CEO of VLS commented, “The acquisition of SRE adds valuable talent, high-quality assets, and new customer relationships that enhance our nationwide suite of sustainable solutions for our clients. The combination of SRE and our new waste facility in Quartzsite, Arizona, which will offer non-hazardous solidification and waste-to-energy processing capabilities, accelerates our ability to meet the growing needs of our clients in the western market.”
Gary Pedersen, CEO of SRE Environmental, added, “We are thrilled to join VLS. This immediately expands our suite of services for our current clients, and we look forward to providing expanded best-in-class environmental solutions to all VLS clients across our growing footprint.”
The combined company has over 1,000 employees and 40 locations nationwide. The acquisition of SRE is the twelfth acquisition by VLS since 2017 and the fourth in the last twelve months. VLS is actively pursuing both organic and inorganic opportunities to continue to expand its environmental services capabilities to support the waste processing needs of its clients.
Mayer Brown LLP served as legal advisor to SRE, and Kirkland & Ellis LLP served as legal advisor to VLS and I Squared Capital.
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About VLS Environmental Solutions
VLS Environmental Solutions is a leader in sustainability solutions, with three divisions providing industry-leading services. The company’s Waste Services division provides customized waste processing solutions for hazardous and non-hazardous industrial and commercial waste, including landfill diversion and sustainability programs, solidification of liquid waste, recycling, wastewater treatment, and waste sequestration. The company’s Railcar Cleaning and Repair Services division provides specialty cleaning services for difficult-to-clean products, including chemicals, hardened materials, and pressurized gases, and comprehensive repair services for certified full-service repairs, tank car qualifications, and maintenance. The company’s Marine Services division offers state-of-the-art barge cleaning, repair, and gas-free facilities for various chemical solvents and downstream petroleum products. VLS has over 1,000 employees in 40 locations across North America. For more information about VLS, visit www.vlses.com.
VLS Environmental Solutions