Brown Gibbons Lang & Company (BGL), a leading middle-market investment bank, announced the sale of the assets of Terra Renewal, formerly owned by Saw Mill Capital, to Denali Water Solutions and an investment group led by Andy McNeill and McLarty Capital Partners. BGL's Energy and Environmental Services team served as the exclusive financial advisor to the Company. The specific terms of the transaction were not disclosed.
Based in Russellville, AK, the Terra Renewal Wastewater Residuals Division (n.k.a. Denali Water Solutions) is a leading environmental services company focused on repurposing organic waste for beneficial reuse by providing mission critical environmental services to municipal customers on a national basis, with strong geographic presence in the U.S. Southeast, Southwest, and California. Denali's wastewater residuals management services include the collection, hauling, and disposal of biosolids; dewatering; and digester, basin, and tank cleaning.
Effram Kaplan and Michael Vinciguerra led the BGL transaction team. Kirkland & Ellis served as legal counsel to the company and Saw Mill Capital.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in consumer products and retail services, energy & environmental services, healthcare & life sciences, human capital management outsourcing, industrials, metals & metals processing, plastics & packaging, and real estate.
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40 million to $150 million in revenues that can be meaningfully grown organically and through acquisitions.
McLarty Capital Partners (McLarty) provides flexible capital solutions to lower middle-market companies. McLarty's investments range across the capital structure in the form of unitranche senior debt, junior debt, structured equity and common equity. McLarty seeks to invest between $5 million to $30 million in both sponsor and non-sponsor owned companies that have revenue between $10 million and $300 million, and EBITDA between $3 million and $30 million. McLarty has offices in Washington, DC, New York, Arkansas, and Alabama.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in consumer products and retail services, energy & environmental services, healthcare & life sciences, human capital management outsourcing, industrials, metals & metals processing, plastics & packaging, and real estate.
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40 million to $150 million in revenues that can be meaningfully grown organically and through acquisitions.
McLarty Capital Partners (McLarty) provides flexible capital solutions to lower middle-market companies. McLarty's investments range across the capital structure in the form of unitranche senior debt, junior debt, structured equity and common equity. McLarty seeks to invest between $5 million to $30 million in both sponsor and non-sponsor owned companies that have revenue between $10 million and $300 million, and EBITDA between $3 million and $30 million. McLarty has offices in Washington, DC, New York, Arkansas, and Alabama.