Acquisition extends Valicor’s service offering into the Kentucky market
Monroe, OH, July 15, 2019 – Valicor Environmental Services (“Valicor”), 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 River Green (“River Green” or the “Company”).
River Green operates a premier centralized wastewater treatment (“CWT”) facility located in Louisville, KY. The Company currently has capacity to further expand its wastewater treatment operations and will enable Valicor to become one of the leading wastewater treatment providers in the region.
James Devlin, Valicor’s Chief Executive Officer, commented, “We are extremely excited to add to Valicor’s leading network in Kentucky. Valicor continues to expand into additional geographies in order to better serve both new and existing customers. River Green Services will play a critical role in building out our offerings of wastewater and other environmental solutions and we could not be more pleased about this addition to the Valicor platform.”
Including the River Green acquisition, Valicor has increased its number of centralized wastewater treatment plants from five to twelve in twenty-four months and made substantial progress in building out a national footprint.
Norb Whitlock, Co-Owner and President of River Green, stated, “I’m excited as the Valicor team is the ideal partner for us. I’m confident that they will help accelerate the growth potential of the facility and to provide world-class service to our existing customers, while providing a bright future for our employees. I have been particularly impressed by their deep commitment to closing this acquisition with an eye towards the future.”
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.
Konrad Salaber, Managing Director with Wind Point, commented, “With the River Green acquisition, Valicor will be able to benefit from greater penetration into contiguous geographic markets and enhances our offerings of environmental solutions. The River Green team has built a fantastic business and we are excited to continue providing exceptional service to their customers going forward.”
About Valicor Environmental Services
Based in Monroe, Ohio, 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. Valicor’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. The company 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 Chicago-based private equity investment firm with approximately $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation.
The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016.
Additional information about Wind Point is available at www.windpointpartners.com.