BGL announces the sale of Texas Molecular to VLS Environmental Solutions
The acquisition of TM expands VLS’s environmental services capabilities into hazardous waste processing and sequestration.
Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Texas Molecular Holdings (TM) to VLS Environmental Solutions (VLS), a portfolio company of I Squared Capital. BGL's Environmental & Industrial Services investment banking team served as the exclusive financial advisor to TM in the transaction. The specific terms of the transaction, which took place in January, were not disclosed.
Headquartered in Deer Park, Texas, Texas Molecular specializes in the handling, treatment, and sequestration of various liquid hazardous and non-hazardous industrial wastes. The company manages over 75 million gallons annually under its EPA RCRA and UIC Class 1 Hazardous Waste permits using industry-tested and efficient technology to sequester waste safely and permanently. TM's unique sequestration capabilities, ability to accept a broad array of difficult-to-treat waste streams, and strategic location in the Gulf Coast have helped position it as a value-added strategic partner for petrochemical, chemical, industrial, and environmental services customers.