CPE Media News – pcJournal (7/3/2018) – Terrapure Environmental Ltd., a portfolio company of Birch Hill Equity Partners, has acquired Envirosystems Incorporated from TorQuest Partners and Envriosystems management. Financial terms were not disclosed.
Dartmouth, Nova Scotia based Envirosystems Incorporated was acquired by TorQuest Partners in 2015. TorQuest is retaining Envirosystems’ catalyst changeout business as well as its U.S. specialty industrial services businesses which are in the process of being rebranded as Maviro.
Terrapure Environmental was formed from the $300 million acquisition of the industrial division of Newalta Corporation (TSX: NAL) in March 2015. Envirosystems is Terrapure’s second add-on acquisition. In March 2016, Terrapure acquired Charlo, New Brunswick based Consolidated Giroux Environment Inc, a provider of industrial dredging services primarily to the mining, municipal and pulp and paper sectors.
photo creditL Envirosystems
News Release
Terrapure Completes Acquisition of Envirosystems Incorporated
Burlington, Ont., June 29, 2018 – Terrapure Environmental Ltd. (“Terrapure”), one of Canada’s leading providers of innovative environmental solutions, today announced it has completed its acquisition of the Canadian industrial services and waste management operations of Envirosystems Incorporated (“Envirosystems”). Terms of the deal were not disclosed.
“This acquisition represents the combination of two Canadian leaders in environmental and industrial services,” said Todd Moser, President and CEO of Terrapure. “By welcoming the Envirosystems team to Terrapure, we are creating a more comprehensive and resourceful organization to serve our blue-chip customers across the country with a broad and diverse suite of resource recovery and environmental solutions. This makes us an undisputed leader in the Canadian market.”
Envirosystems specializes in providing industrial and waste management services to a broad range of industry sectors, including petrochemical/refineries, marine, mining, municipal, and pulp and paper. Envirosystems has over 1,000 employees and 25 locations across Canada to serve its diverse customer base. Like Terrapure, Envirosystems partners with customers to provide cost-effective solutions to their environmental and waste management challenges.
“There are many similarities between Terrapure and Envirosystems that make this alliance a great fit,” said Moser. “The businesses of the two organizations are highly complementary and provide services to a common set of industry sectors with a shared focus on health and safety excellence, innovation and technical development, and customer service. By coming together as an even stronger Canadian-based business, Terrapure will be well positioned to provide additional value to customers in every key industry vertical, coast to coast.”
Terrapure is working closely with the Envirosystems senior management team to finalize integration plans for the two organizations and is committed to ensuring a seamless transition for its customers, including the eventual re-branding of Envirosystems to Terrapure.
Envirosystems’ former ownership group is retaining Envirosystems’ catalyst changeout business as well as its U.S. specialty industrial services businesses which are in the process of being rebranded as Maviro. Maviro is headquartered in Houston, Texas, and has 13 locations across the United States.
About Terrapure Environmental
Terrapure Environmental is a leading Canadian provider of innovative, cost-effective environmental and industrial services and recycling solutions that help address industry’s complex environmental challenges. Headquartered in Burlington, Ont., Terrapure employs over 2,000 people and operates an integrated network of over 70 government-regulated facilities from coast to coast. With an unwavering focus on health and safety excellence, the company provides services that minimize waste and maximize the recovery or recycling of valuable by-products through its facility network and on customer sites.
For more information, visit www.terrapureenv.com.