Ancor Capital Partners Acquires LSC Environmental Products from L2 Capital Partners

Ancor-backed LSC Environmental Acquires Phoenix Paper Products

April 15, 2020

Manufacturing

In December 2019, LSC Environmental Products, a portfolio company of Ancor Capital Partners, acquired Phoenix Paper Products of Lostant, Illinois. The add-on expands LSC's erosion-control and mulch product portfolio and provides vertical integration of supply, manufacturing and distribution channels for environmental and industrial applications.

LSC Environmental Products Acquires Benzaco Scientific, Inc.

July 31, 2024

Manufacturing

Ancor Capital Partners portfolio company LSC Environmental Products, LLC has acquired Benzaco Scientific, Inc., a Washington, D.C.-based manufacturer of natural odor-control compounds and delivery systems. The deal expands LSC's solutions portfolio in the solid waste, oil & gas and remediation markets, brings Benzaco's team into LSC's organization, and retains Benzaco's product lines, including the Odor-Armor family; terms were not disclosed.

LSC Environmental Products Acquires Mat, Inc. and Mat NuWood, LLC

April 18, 2022

Manufacturing

LSC Environmental Products, a portfolio company of Ancor Capital Partners, acquired Mat, Inc. and Mat NuWood, LLC (locations in Floodwood, Minnesota and Lenoir, North Carolina). The add-on expands LSC’s product portfolio and supply chain capabilities in spray-applied environmental coatings and erosion control, integrates Mat’s product lines and leadership into LSC, and strengthens distribution and manufacturing capacity.

Ancor Capital Partners Invests in Mid-West Textile

May 9, 2022

Environmental Services

Ancor Capital Partners has entered a partnership with Mid-West Textile, a leading textile recycling, grading and resale business headquartered in El Paso, Texas. The transaction closed April 20, 2022 (terms undisclosed); Ironwood Capital provided subordinated debt financing and co-invested equity to support the deal. Mid-West plans to vertically integrate its supply chain by acquiring collection operations and expanding sales channels to scale its grading and export business.

I Squared Capital Acquires VLS Environmental Solutions from Aurora Capital Partners

August 18, 2022

Environmental Services

I Squared Capital has acquired VLS Environmental Solutions from Aurora Capital Partners. VLS is a nationwide provider of non-hazardous industrial waste processing, wastewater treatment, and rail/marine specialty cleaning services; financial terms were not disclosed and the company operates roughly 28 locations with over 800 employees.

VLS Recovery Services (Aurora Capital) Acquires Environmental Recovery Corporation (ERC)

September 21, 2021

Environmental Services

VLS Recovery Services, a portfolio company of Aurora Capital Partners, has acquired Environmental Recovery Corporation (ERC) from Rock Island Capital. ERC — based in Lancaster, Pennsylvania — will operate within VLS's Waste division to expand VLS's wastewater treatment and industrial waste management capabilities and extend its footprint in the Mid-Atlantic and Midwest.