ORIX Mezzanine & Private Equity announces a follow-on investment in TAS Environmental Services L.P. (“TAS” or the “Company”) to finance the company’s acquisition of Delmar Disposal Company (“Delmar”). ORIX Mezzanine & Private Equity provided subordinated debt and equity in partnership with the company’s other existing shareholders and management team.
TAS is a leading regional environmental services company based in Fort Worth, Texas. TAS offers a comprehensive service offering in Texas, Louisiana and Arkansas including emergency response, remediation, industrial services, transportation, pipeline and terminal services. Delmar is a Dallas, Texas-based provider of industrial cleaning services, including wastewater and grease trap cleaning, and disposal services. The acquisition broadens TAS’s service offering while also providing the ability to in-source certain wastewater disposal operations. TAS is a portfolio company of Dallas-based TEAM Partners LLC.
In May 2017, ORIX Mezzanine & Private Equity initially provided subordinated debt and equity to refinance the company’s capital structure and support the acquisition of Water Kleen Services. The Delmar acquisition continues TAS’s strategy of adding complementary businesses to the company’s diverse service offering.