Ecoserv sold to San Antonio investment firm

Brown Gibbons Lang & Co. (BGL) has announced the sale of Ecoserv LLC to CoLaTenTex LLC, a private investment firm based in San Antonio.

The specific terms of the transaction were not disclosed.

Headquartered in Abbeville, Louisiana, Ecoserv is an integrated waste sequestration platform serving the offshore exploration and production industry. The company provides comprehensive solutions through the collection, cleaning, transportation and disposal of Resource Conservation and Recovery Act-exempt exploration and production liquid and solid waste. Ecoserv’s collection of deep well injection assets provide generators an environmentally safe disposal solution for waste streams, which are augmented by a suite of offshore cleaning services.

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The company also offers robotic cleaning services for confined spaces, such as above-ground storage tanks, as well as soil decontamination and other services.

BGL’s Environmental & Industrial Services investment banking team served as the exclusive financial advisor to Ecoserv in the transaction.

BGL is a Cleveland-based independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions and other strategic matters.