Audax Private Equity’s acquisition of Liquid Environmental Solutions

Ropes & Gray represented Audax Private Equity in its acquisition of Liquid Environmental Solutions from private owners.

Audax Private Equity has acquired Liquid Environmental Solutions from private owners. LES, headquartered in Irving, TX, is a leading provider of non-hazardous liquid waste management and disposal services. Terms of the transaction were not disclosed.

Audax has invested $4.5 billion in 111 platform and 635 add-on companies. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has over $11.5 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.

LES, one of the largest non-hazardous U.S. wastewater collection, processing, and disposal companies, is known for innovation and leadership in protecting customers from liability and ensuring regulatory compliance, while minimizing their environmental footprint. Focused on servicing customers’ non-hazardous liquid waste needs, LES collects, treats, and beneficially recovers materials from a wide variety of waste sources, including grease traps, oil water separators, grit traps, industrial and manufacturing processes, and used cooking oil for the restaurant, hospitality, automotive maintenance, manufacturing, power plant, petrochemical, and ship-building and repair industries, as well as environmental services companies.

The Ropes & Gray team included private equity partner Kendrick Chow (Picture), finance partner Michael Lee, business & securities litigation partner Bill Sussman, tax partner Lee Allison, benefits partner Jennifer Rikoski, real estate partner Peter Alpert, and associates Gregory DiCiancia, Margaret Curtiss, Sandy Boer and Kathleen Nolan.

Involved fees earner: Kendrick Chow – Ropes & Gray; Gregory DiCiancia – Ropes & Gray; Margaret Hamlin Curtiss – Ropes & Gray; Alexander Boer – Ropes & Gray; Kathleen Nolan – Ropes & Gray; Michael Lee – Ropes & Gray; William Sussman – Ropes & Gray; Lee Allison – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Peter Alpert – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Audax Private Equity Fund L.P;


Author: Ambrogio Visconti