Fri, 13/06/2014 - 16:02
RLJ Equity Partners, an affiliate of The RLJ Companies, has acquired EnviroVac Holdings, a provider of industrial cleaning, environmental services, and on-site maintenance support.
EnviroVac uses 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," says 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," says 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 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 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.
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