Jan 25, 2023   SOURCE: BusinessWire

Valicor Environmental Services Acquires Clean Water Environmental

Valicor Environmental Services (“Valicor”), North America’s largest provider of non-hazardous wastewater treatment and recycling services, today announced it has acquired Clean Water Environmental (“CWE”), a leading provider of wastewater treatment and recycling services, from Hunting Dog Capital, a San Francisco-based private debt fund that has owned CWE since 2017. With this acquisition, Valicor expands its footprint in Ohio and broadens its offering of environmentally responsible wastewater treatment and solidification services.

Based in Dayton, Ohio, CWE’s two state-of-the-art CWT facilities provide customers with a comprehensive offering of sustainable waste treatment and management services. CWE facilities process and recycle approximately 25 million gallons of wastewater annually. With the addition of CWE, Valicor now operates 29 facilities across 14 states and recycles more than 300 million gallons of wastewater annually.

Steve Hopper, CEO of Valicor, said, “We are pleased to partner with CWE as we continue to expand our national platform of sustainable wastewater treatment offerings for our customers. With the addition of CWE’s advanced waste treatment capabilities, Valicor will strengthen our commitment to serve our customers and communities with environmentally responsible waste treatment practices.”

“A partnership with Valicor is the ideal next step for our company’s growth and development,” added John Staton, CEO of Clean Water Environmental. “Valicor’s leadership team shares our longstanding commitment to technological innovation and responsible wastewater treatment, and together we will provide high-quality services for our customers. We are excited to enter this new chapter with the Valicor team.”

Valicor is part of the Pritzker Private Capital family of companies. Valicor’s acquisition strategy focuses on acquiring CWT facilities and other providers of environmental services, including solidification, waste-to-energy, product destruction and related services.

Ben Barry, Vice President at Pritzker Private Capital, added, “CWE is a highly strategic partnership for Valicor. The addition of the CWE team and the Company’s differentiated technology will further Valicor’s commitment to environmental stewardship and strengthen its service offering in Ohio and the surrounding region. We are thrilled to support Valicor as they honor CWE’s legacy and continue to build a national platform.”

Bentley Associates L.P. served as exclusive financial advisor to Clean Water Environmental and Hunting Dog Capital in this transaction.

About Valicor
Valicor is the largest provider of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment facilities, the Company transports and processes a diverse set of wastewater streams that result from the manufacture of industrial and consumer goods. The Company’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 and it also provides a diverse set of landfill solidification, product destruction, and retail oil services. As an ISO 14001 certified organization, Valicor takes great pride in its environmental compliance process. For more information, visit www.valicor.com.

About Clean Water Environmental
Clean Water Environmental, LLC is an industry leader in wastewater treatment, hazardous waste management and industrial recycling, with almost 80 years of experience with state, local and federal regulations, innovative technology and safe transportation. CWE has held a RCRA Facility Part B permit to operate a hazardous waste Treatment Storage and Disposal Facility (TSDF) since 1995 and currently operates two Ohio-based, state-of-the-art treatment facilities, an extensive on-site analytical laboratory and a full fleet of tank trucks and dry-freight units. For more information, visit www.cleanwaterenv.com.

About Pritzker Private Capital
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.

About Hunting Dog Capital
Since 2006, Hunting Dog Capital specializes in providing flexible and non-dilutive growth capital, primarily in the form of senior-secured term loans, to lower middle-market growth companies across the U.S. Hunting Dog Capital’s principals have worked together since 2002 and have extensive transaction experience that includes private debt, investment banking, corporate finance and restructurings. For more information, visit hdcap.com.