Date: January 4, 2010
Source: Liquid Environmental Solutions
Liquid Environmental Solutions Acquires Industrial Water Services
Acquisition Creates the Largest Exclusively Non-Hazardous U.S. Wastewater Collection and Disposal Company
Liquid Environmental Solutions today announced that effective the first of the year, the company has acquired the business of privately held Industrial Water Services (IWS), a nonhazardous liquid waste company with wastewater treatment facilities in Chicago, Illinois, Jacksonville, Florida, and Mobile, Alabama. Terms of the transaction were not disclosed.
Industrial Water Services, based in Jacksonville, is a strategic addition to Liquid Environmental Solutions' non-hazardous wastewater collection and disposal business. The acquisition will extend Liquid Environmental Solutions' presence in the industrial wastewater business from coast to coast.
"The addition of IWS will enable our industrial customers to dispose of their wastewater in an environmentally sound and regulatory compliant fashion from the Pacific to the Atlantic and from the Great Lakes to the Gulf of Mexico," said Alan Viterbi, chief executive officer, Liquid Environmental Solutions. "IWS's facilities, coupled with Liquid Environmental Solutions' collection branches and wastewater plants in Alabama, Arizona, California, Colorado, Kansas, Louisiana, Missouri, and Texas provide the largest network of exclusively non-hazardous wastewater operations in the United States. IWS operated their facilities in a fashion consistent with our Three Pillars - LES' core values - of Commitment to the Environment, Customer Service and Compliance and Safety. This acquisition will continue to strengthen Liquid Environmental Solutions as the provider of non-hazardous liquid waste collection and disposal solutions for the restaurant and hospitality, automotive maintenance, manufacturing, power plant, petrochemical and ship-building and repair industries, as well as waste collection companies."
"This is an exciting milestone for our company, and we look forward to scaling our growth as part of Liquid Environmental Solutions," said Tom Dudley, chief executive officer of Industrial Water Services. "Liquid Environmental Solutions' national reach, scale, widely recognized brand and national customer relationships make it the ideal partner for Industrial Water Services. Our combined teams will create exciting growth opportunities for our customers and our team members. We look forward to working as part of the Liquid Environmental Solutions team to ensure a rapid and seamless transition."
About Liquid Environmental Solutions
Liquid Environmental Solutions is known for innovation and leadership in protecting customers from liability and ensuring regulatory compliance, while minimizing their environmental footprint. Focused exclusively on servicing customers' nonhazardous liquid waste needs, Liquid Environmental Solutions collects, treats and beneficially recovers materials from a wide variety of waste sources, including grease traps, industrial and manufacturing processes, used cooking oil, and waste oil. With over 300 team members, a state of the art fleet of vacuum trucks, eleven wastewater treatment plants, and a network of preferred partners, Liquid Environmental Solutions is positioned to meet customers' liquid waste needs throughout the United States. For more information about our company, our people and our environmental solutions, please visit www.liquidenviro.com.
For more information, contact:
Liquid Environmental Solutions