Ancor-backed LSC Environmental Acquires Phoenix Paper Products

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.

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.

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.

PSC Group (Aurora Capital Partners) Acquires Thermoplastics Services, Inc.

March 24, 2022

Manufacturing

PSC Group, a portfolio company of Aurora Capital Partners, has acquired Thermoplastics Services, Inc. (TSI), a DeQuincy, Louisiana-based custom plastic compounding and pelletizing business. The add-on bolsters PSC's plastic resin sustainability and reprocessing capabilities to expand its ESG and circular-economy services for industrial, commercial and municipal customers.

Aurora Capital Partners Acquires Petroleum Service Corporation from SGS

June 24, 2019

Industrial Services

Aurora Capital Partners has acquired Petroleum Service Corporation (PSC) from SGS in a transaction reportedly valued at approximately $335 million. PSC is a North American leader in product handling and site logistics for petrochemical, refining, midstream and marine transportation end markets, with 3,500+ employees operating across the U.S. and Canada; Aurora said it will provide capital to accelerate PSC’s growth as part of its Equity Partners V fund.

Ancor Capital Partners Acquires LSC Environmental Products from L2 Capital Partners

June 11, 2019

Environmental Services

Ancor Capital Partners acquired LSC Environmental (headquartered in Apalachin, New York) from L2 Capital Partners in May 2019; terms were not disclosed. Midwest Mezzanine provided subordinated debt and equity to support Ancor's investment; L2 said the sale represented a realization of its 2011 investment after executing transformational changes and an add-on under its ownership.