Brentwood-based Aurora Capital Partners recently announced the closing of the sale of its industrial waste manager VLS Environmental Solutions for an undisclosed amount.
According to the company’s website, VLS provides customized “critical” waste and specialty cleanup and repair services to a variety of highly regulated industries in North America.
Matthew Laycock, an Aurora partner who, along with partner Andrew Wilson, led the sale of the Houston-based VLS to Miami-based global infrastructure investment manager I Squared Capital, wished the companies success in their new partnership.
“It has been exciting to work alongside the VLS team and help transform the company from a South East focused provider into a leading ESG focused environmental solutions platform at nationwide and large-scale environmental service delivery,” Laycock said in an Aug. 18 statement accompanying the announcement.
VLS became an Aurora holding company in 2017, Laycock said. Other Aurora portfolio companies include Anaheim-based National Technical Systems and Inglewood-based Automated Gate Services.
“VLS has grown significantly since…including completing nine acquisitions to support our buy-and-build strategy, and there is significant avenue to continue this strong performance across its businesses,” Laycock said.
Wilson also praised VLS and its CEO John Magee.
“The entire VLS organization…has done an excellent job leading the company through this phase of growth, and we appreciate their efforts throughout our partnership,” Wilson said.
“They joined us as part of Aurora’s strategy and operations program and expanded into all areas of their platform: geographic reach, customer service offerings, and internal talent.”
Wilson noted that VLS’s service offering and strong customer base put it “well positioned for continued growth within the broader environmental services industry.”