What's Happening?
Brown Gibbons Lang & Company (BGL) has announced the acquisition of Reclamation Technologies USA (RTI) and Tradewater LLC & Affiliates by investment affiliates of J.F. Lehman & Company. This acquisition establishes
a new environmental services platform focused on lifecycle management of industrial and refrigerant gases and the mitigation of uncontrolled methane sources. RTI, based in Indianapolis, provides full-service refrigerant recovery and reclamation solutions, while Tradewater, headquartered in Chicago, specializes in the collection and destruction of high-impact refrigerant gases globally.
Why It's Important?
The acquisition reflects a growing focus on environmental services and the management of industrial gases, driven by regulatory complexity and demand for specialized services. The new platform aims to provide closed-loop services, including collection, processing, reclamation, and destruction of gas waste. This move aligns with increasing environmental regulations and the need for sustainable practices in managing industrial emissions. The acquisition positions BGL and J.F. Lehman & Company to capitalize on growth opportunities in the environmental services sector.
What's Next?
The newly established platform will focus on organic growth and capability enhancement, with potential for further acquisitions to expand its service offerings. The combination of RTI and Tradewater's capabilities will enable the platform to address a wide range of environmental challenges, including refrigerant management and methane mitigation. The platform's growth will be closely monitored by industry stakeholders, as it represents a significant development in the environmental services market.
Beyond the Headlines
The acquisition highlights the increasing importance of environmental sustainability and the role of private equity in driving innovation in the environmental services sector. The focus on lifecycle management of industrial gases reflects a broader trend towards sustainable practices and regulatory compliance. This development underscores the need for businesses to adapt to changing environmental standards and the growing demand for specialized services in managing industrial emissions.
