RLJ Equity Partners, LLC Acquires EnviroVac Holdings, LLC
EnviroVac is a leading provider of industrial cleaning and environmental services throughout the Southeast and Gulf Coast Regions
Jun 12, 2014, 02:15 ET
BETHESDA, Md., June 12, 2014 /PRNewswire/ -- RLJ Equity Partners, LLC, an affiliate of The RLJ Companies, today announced its acquisition of EnviroVac Holdings, LLC, a premier provider of industrial cleaning, environmental services, and on-site maintenance support.
EnviroVac utilizes state-of-the-art equipment to provide industrial vacuuming, hydroblasting, watercutting and inspection services for customers who participate in the pulp and paper, chemical, steel, oil and gas, power generation and other industrial business sectors.
"EnviroVac is a trusted brand in the industrial services industry," said Jerry L. Johnson, Managing Director of RLJ Equity Partners. "The company has a safety-first approach in providing the most innovative environmentally safe technology and quality operations to its clients and customers. We are excited about the opportunities underway at EnviroVac under R. Kevin Jackson's leadership, and we look forward to assisting the company as it continues to offer a premium standard of service."
"We are delighted to join forces with RLJ Equity Partners, and I will be continuing my role as CEO as well," said R. Kevin Jackson, EnviroVac founder, president and CEO. "Partnering with the RLJ brand will help EnviroVac continue to provide the safest and most professional services to our customers with optimal efficiency and support as we expand our services across the country, particularly throughout the Southeast and Gulf Coast regions."
Founded in 1999 and headquartered in Savannah, Georgia, EnviroVac has a highly experienced staff of more than 300 employees and 10 facility locations to serve customers throughout Alabama, Georgia, Mississippi, North Carolina and South Carolina, among other states.
RLJ Equity Partners, LLC was joined in the transaction by Madison Capital Funding, New Canaan Funding and RLJ Credit, an affiliate of The RLJ Companies. EnviroVac was advised in the transaction by Farlie Turner & Co.
About RLJ Equity Partners
RLJ Equity Partners is a middle-market private equity firm focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams. Founded in 2006 by Robert L. Johnson in partnership with The Carlyle Group, RLJ originates structures and invests in traditional buy-outs, recapitalizations, and growth capital infusions. RLJ Equity Partners is an affiliate company of The RLJ Companies. For additional information, please visit: www.rljequitypartners.com.
About EnviroVac
Founded in 1999 and headquartered in Savannah, GA, EnviroVac is a provider of industrial cleaning and maintenance services, with projects ranging from routine plant maintenance, utilizing high-pressure washing equipment and vacuum trucks, to planned plant outages. The Company operates in the Southeast and Gulf Coast regions, with 10 locations serving customers throughout Alabama, Georgia, Mississippi, North Carolina and South Carolina, among other states. EnviroVac serves the pulp and paper, chemical, steel, oil and gas, power and other industries. For additional information, please visit: www.envirovac.us.
The RLJ Companies Media Contact: Traci Otey Blunt, 240.744.7858 or [email protected]
RLJ Equity Partners Contact: T. Otey Smith, 240.744.7893
EnviroVac Contact: R. Kevin Jackson, 800.822.3041 or www.envirovac.us
SOURCE RLJ Equity Partners, LLC