Global infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund III, is to acquire VLS Environmental Solutions (VLS) from Aurora Capital Partners, a middle-market private equity firm.
Global infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund III, is to acquire VLS Environmental Solutions (VLS) from Aurora Capital Partners, a middle-market private equity firm.
VLS provides customised waste and specialty cleaning and repair services to a variety of highly regulated industries in North America.
Financial terms of the transaction have not been disclosed.
VLS operates two principal segments: non-hazardous industrial waste handling, treatment, and sustainable disposal, as well as rail and marine specialty cleaning and repair. As one of the only nationwide providers of ESG-friendly industrial waste solutions, the company’s sustainable disposal solutions are especially attractive for customers with zero-waste-to-landfill initiatives.
Houlihan Lokey served as lead financial advisor, Robert W Baird served as co-financial advisor, and Gibson, Dunn & Crutcher LLP served as legal advisor to Aurora Capital Partners. Jefferies LLC served as exclusive financial advisor and Kirkland & Ellis LLP served as legal advisor to I Squared Capital.
