Clearfield MMG Joins VLS Environmental Solutions in Strategic Acquisition
Deal News | Dec 30, 2024 | EIN
Matrix Capital Markets Group, Inc. has announced the sale of Clearfield MMG, LLC, a Virginia-based waste management company, to VLS Environmental Solutions, LLC, an industry leader in sustainable waste solutions and a portfolio company of I Squared Capital. The acquisition aims to expand VLS's geographic presence and enhance its suite of comprehensive environmental solutions in the mid-Atlantic region. Clearfield MMG brings over 30 years of experience and expertise in waste management, operating several facilities in Virginia. Matrix Capital provided M&A advisory services, facilitating a strategic and confidential sale process. Williams Mullen provided legal counsel to Clearfield MMG. The successful transaction aligns with VLS’s mission to broaden its innovative environmental solutions.
Sectors
- Environmental Services
- Investment Banking
Geography
- United States – The transaction involves U.S.-based companies operating primarily in Virginia, expanding services in the mid-Atlantic region.
Industry
- Environmental Services – The acquisition involves companies engaged in waste management and environmental solutions, situating them within the Environmental Services sector.
- Investment Banking – Matrix Capital Markets Group provided M&A advisory services, representing the role of an investment bank in this transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clearfield MMG, LLC | Target Company | Company | A Virginia-based company specializing in innovative waste disposal solutions. |
| VLS Environmental Solutions, LLC | Bidding Company | Company | A leader in sustainable waste management and environmental solutions, backed by I Squared Capital. |
| Matrix Capital Markets Group, Inc. | Corporate Finance Advisor | Company | An investment bank providing M&A advisory services for the transaction. |
| Williams Mullen | Legal Advisor | Company | Provided legal counsel to Clearfield MMG in the transaction. |
| I Squared Capital | Investment Firm | Company | The private equity firm owning VLS Environmental Solutions. |