Liquid Environmental Solutions Secures $31.6m Series C
Liquid Environmental Solutions secures $31.6m Series C
By Angela Sormani
Liquid Environmental Solutions has secured a $31.6 million Series C minority growth investment led by ABS Capital Partners. The business is a non-hazardous liquid waste services company.
Liquid Environmental Solutions (“LES”), the nation’s largest exclusively non-hazardous liquid waste services company, today announced a $31.6 million Series C minority growth investment led by ABS Capital Partners, a leading investor in later-stage growth companies. LES will use the funds to continue their growth, with targeted acquisitions and greenfield expansion of their national wastewater collection, treatment and recycling network to complement their double-digit annual organic growth. Following the financing, ABS Capital Managing General Partner Phil Clough will join the Company’s Board of Directors.
View the entire release on Reuters PE Hub.
About Liquid Environmental Solutions
Liquid Environmental Solutions — the Largest Exclusively Non-Hazardous U.S. Wastewater Collection and Disposal Company, is known for innovation and leadership in protecting customers from liability and ensuring regulatory compliance, while minimizing their environmental footprint. Focused exclusively on servicing customers’ non-hazardous liquid waste needs, Liquid Environmental Solutions collects, treats and beneficially recovers materials from a wide variety of waste sources, including grease traps, grit traps, industrial and manufacturing processes, used cooking oil, and waste oil for the restaurant and hospitality, automotive maintenance, manufacturing, power plant, petrochemical and ship-building and repair industries, as well as waste collection companies. With over 700 team members, a state of the art fleet of more than 300 vacuum trucks, 54 collection branches, and 24 wastewater treatment plants, Liquid Environmental Solutions is positioned to meet customers’ diverse liquid waste needs throughout the United States. For more information about our company, our people and our environmental solutions, please visit liquidenviro.com.