FOR IMMEDIATE RELEASE
April 30, 2014
Richmond, VA –Transact Capital Partners is pleased to announce an acquisition of PetroChem by Haz-Mat Environmental Services. Transact Capital served as the buy side advisor to Haz-Mat Environmental on this transaction.
Haz-Mat Environmental Services provides quality industrial, environmental and remedial services for hazardous materials clean-up, transportation and emergency response requests from Southern Virginia to South Carolina. PetroChem Recovery Services serves as a full service environmental consulting/remediation company to Central Virginia & Eastern North Carolina.
Haz-Mat environmental recognized that PetroChem would be an excellent strategic addition. Through the acquisition, PetroChem and Haz-Mat has established a strategic partnership to provide seamless environmental services and waste disposal to its customers from Central Virginia to South Carolina. Owners of PetroChem are excited about joining with Haz-Mat Environmental who is believed to be a visionary in the environmental services industry.
Barry Krauss, Vice President at Transact Capital identified the opportunity to acquire PetroChem Recovery Services for his client, Haz-Mat Environmental Services in its acquisition search. Krauss commented: “I was immensely pleased with helping bring this deal together for the buyer and seller. I’m looking forward to helping Haz-Mat with future opportunities”. Krauss is a Commercial Real Estate and Business Broker focusing on small business with less than $10 million in sales, and commercial real estate. With over three decades of hands-on experience, including business ownership, retail management and commercial real estate sales, Krauss knows and understands the needs, challenges and concerns of business ownership from the inside out.
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies in the lower middle market with enterprise values up to $50 million. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Securities are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com
Transact Capital Partners
7400 Beaufont Springs Dr.
Richmond, VA 23225