The Brentwood-based Aurora Capital Partners recently announced the closing of its sale of industrial waste manager VLS Environmental Solutions for an undisclosed sum.
VLS provides “mission-critical” customized waste and specialty cleaning and repair services to a variety of highly regulated industries in North America, according to the company’s website.
Matthew Laycock, a partner at Aurora who, along with partner Andrew Wilson, led the sale of the Houston-based VLS to the Miami-based global infrastructure investment manager I Squared Capital, wished the companies success in their new partnership.
“It has been exciting to work alongside the VLS team and help transform the company from a Southeast-focused provider to a leading ESG-focused environmental solutions platform with nationwide scale and a broad-based environmental services offering,” said Laycock in an Aug. 18 statement accompanying the announcement.
VLS first became a portfolio company of Aurora in 2017, said Laycock. Other portfolio companies of Aurora include the Anaheim-based National Technical Systems and the Inglewood-based Automated Gate Services.
“VLS has grown tremendously since … including the completion of nine acquisitions to support our buy-and-build strategy, and there is significant runway to continue this strong performance across its business lines,” said Laycock.
Wilson also had words of praise for VLS and its CEO John Magee.
“The entire VLS organization … has done an excellent job leading the business through this phase of growth, and we appreciate their efforts throughout our partnership,” said Wilson.
“They locked arms with us on Aurora’s Strategy & Operations Program and expanded across all areas of their platform: geographic reach, customer service offerings, and internal talent.”
Wilson noted that VLS’ service offering and strong customer base make it “well-positioned to continue its growth within the broader environmental services industry.”
