Blue Point-Backed TAS Environmental Services Acquires Frac‑N‑Vac Tanks and Duckwater Services

TAS Environmental Services (Blue Point-Backed) Acquires Texas Water Management

January 11, 2022

Environmental Services

Blue Point Capital Partners’ portfolio company TAS Environmental Services has acquired Texas Water Management, a liquid waste transportation provider operating primarily across the Texas and Louisiana Gulf Coast. The add-on expands TAS’s liquid waste capabilities and strengthens its geographic density in the Gulf Coast region as part of TAS’s growth strategy under Blue Point.

Blue Point-Backed TAS Environmental Services Acquires Environmental Concepts & Services (ECS)

December 12, 2023

Environmental Services

Blue Point Capital Partners-backed TAS Environmental Services has acquired Environmental Concepts & Services (ECS), a family-owned waste transportation and non-hazardous waste treatment provider based in Springfield, Tennessee. The acquisition is the fifth add-on for the TAS platform since Blue Point's 2019 investment and expands TAS' wastewater and waste treatment capabilities across the Southern United States.

Blue Point Capital Partners Recapitalizes TAS Environmental Services

May 6, 2019

Environmental Services

Blue Point Capital Partners (via its Blue Point IV fund), in partnership with TAS management, recapitalized TAS Environmental Services, a Fort Worth, Texas–based environmental and industrial services platform operating across 13 locations in Texas, Louisiana, and Arkansas. The recapitalization provides liquidity and a partnership to support TAS’s growth strategy, including strategic add-on acquisitions and continued geographic/service expansion; financial terms were not disclosed.

TAS Environmental Services Acquires Specialized Waste Systems

January 8, 2020

Environmental Services

TAS Environmental Services, a Fund IV portfolio company of Blue Point Capital Partners, acquired Specialized Waste Systems (SWS) of Channelview, Texas in a transaction that closed in late December 2019. SWS — founded in 1978 with more than 70 employees and over $32 million in annual revenue — provides hazardous and non-hazardous waste management, transportation, container rental and washout services; the deal is TAS's third add-on since Blue Point acquired the platform in May 2019.

TAS Environmental Services Acquires Donovan Industrial Service and ROTAP

August 14, 2018

Environmental Services

TAS Environmental Services, a Fort Worth-based portfolio company of TEAM Partners, completed add-on acquisitions of Texas-based Donovan Industrial Service, LLC and ROTAP, LLC, both headquartered in Orange, Texas. The deals expand TAS's Gulf Coast presence and capabilities in industrial cleaning, spill response, transportation and roll-off box rental; financial terms were not disclosed.

Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy

September 2, 2025

Energy

Deep Blue Midland Basin LLC, the Midland Basin water-infrastructure platform backed by Five Point and Diamondback, agreed to acquire Environmental Disposal Systems, LLC from Diamondback Energy. The transaction (valued at $750 million) nearly doubles Deep Blue's scale, secures a 15-year dedication from Diamondback, and is expected to unlock operational and commercial synergies across the integrated produced-water system.