Blue Point Capital Partners and its Blue Point IV portfolio company, TAS Environmental Services, have acquired of Frac-N-Vac Tanks and Duckwater Services, acquisitions that are expected to strengthen TAS’s geographic presence and provide a gateway for the combined companies to expand into a broader suite of services and markets.
These transactions represent the first two add-on acquisitions for TAS, a provider of specialized environmental and industrial services, since Blue Point acquired the platform investment two months ago in May 2019.
FNV/DWS is headquartered in El Dorado, Arkansas, and operates from seven locations across Arkansas, Mississippi, Louisiana, Oklahoma and Tennessee.
The combined company offers a variety of containment equipment and liquid handling solutions, as well as cleaning services to address chemicals, oils and other non-hazardous substances. These companies along with TAS, which is based in Fort Worth, Texas, are positioned to continue providing quality services across the region.
“The acquisitions of FNV/DWS are a solid strategic fit that allows TAS to partner with a strong management team who is equally focused on quality work and exceptional customer service,” said Blue Point Partner Sean Ward. “Both companies are dedicated to the safety of their employees, clients and the public, as well as providing best-in-class service across all aspects of their business and accelerating the organic growth of TAS.”