Emerald Transformer Acquires Clean Harbors' Transformer Services Group.
M2 EQUITYBITES-July 11, 2017-Emerald Transformer Acquires Clean Harbors' Transformer Services Group
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11 July 2017 - Florida, US-based electrical equipment services provider Emerald Transformer, a division of Versatile Processing Group, Inc., a portfolio company of Texas, US-based Insight Equity, has acquired the transformer division of Massachusetts, US-based environment management services Clean Harbors, Inc. (NYSE: CLH), the company said.
Financial terms were not disclosed.
This acquisition expands the national footprint of Emerald Transformer and further enhances its ability to provide industry service to its customers.
The transformer services group of Clean Harbors brings expertise and capacity to the equipment recycling, PCB disposal, oil processing, and field services operations of Emerald Transformer. The combination of these two companies will expand Emerald Transformer's capabilities and provide additional facilities and resources.
Geographically, the acquisition strengthens Emerald Transformer's national footprint, which now consists of ten strategic locations from coast-to-coast.
Following the addition of five facilities across the United States, Emerald will focus on expanding the service offerings of all locations while leveraging shared expertise and best practices to provide the highest level of service in the industry.
Emerald Transformer provides services for electrical equipment from cradle-to-grave, including: transformer repair, large transformer decommissioning, field technical services, refurbished equipment sales, oil processing and PCB disposal among other specialty services.
Insight Equity makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 11, 2017|
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