Valicor Acquires Spirit Services
Acquisition extends Valicor’s service offering into the Maryland and Virginia Markets
Monroe, OH – NORA member Valicor Environmental Services (“Valicor”), one of North America’s largest providers of non‐hazardous wastewater treatment services, has expanded its leading network of wastewater processing facilities through the acquisition of NORA member Spirit Services (“Spirit” or the “Company”).
Spirit operates a premier centralized wastewater treatment (“CWT”) facility located in Williamsport, Maryland, as well as oil processing and transfer facilities located in Williamsport and Buena Vista, Virginia, which also provide vacuum truck and filter recycling services to a wide range of customers throughout the mid‐Atlantic region. The Company currently has the capacity to further expand its wastewater treatment operations and will enable Valicor to become one of the leading wastewater treatment providers in the region.
James Devlin, Valicor’s Chief Executive Officer, commented, “We are thrilled to extend Valicor’s leading network into Maryland and Virginia. Valicor continues to expand into additional geographies in order to better serve both new and existing customers. Spirit Services will play a critical role in building out our offerings of wastewater and other environmental solutions and we could not be more excited about this addition to the Valicor platform.”
Including the Spirit acquisition, Valicor has increased its number of centralized wastewater treatment plants from five to eleven in fifteen months and made substantial progress in building out a national footprint.
Tim Mathews, Co‐Owner and President of Spirit, stated, “I’m excited as the Valicor team is the ideal partner for us. I’m confident that they will continue to provide world‐class service to our existing customers while providing a bright future for our employees. I have been continually impressed by their deep understanding of the industry, our operations, and our valued customers.”
Valicor is a portfolio company of Chicago‐based Wind Point Partners. Wind Point acquired Valicor in June 2017 in partnership with executive James Devlin, who joined the company as CEO. Valicor’s acquisition program focuses on acquiring operators of CWT facilities as well as other providers of waste management and environmental services, including materials recycling, used oil processing, product destruction, landfill solidification, and related services.
Konrad Salaber, Managing Director with Wind Point, commented, “Spirit Services further expands Valicor’s geographic reach and enhances our offerings of environmental solutions. The Spirit team has built a fantastic business and we are excited to continue providing exceptional service to their customers going forward.”
About Valicor Environmental Services
Based in Monroe, Ohio, Valicor is one of the largest providers of non‐hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment (“CWT”) facilities, the company transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. Valicor’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. The company also provides a diverse set of landfill solidification and product destruction services.
Additional information about Valicor is available at valicor.com.
About Wind Point Partners
Wind Point Partners is a leading Chicago‐based private equity investment firm with approximately $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well‐positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016.
Additional information about Wind Point is available at www.windpointpartners.com.