Exclusive Investment Bank
DENVER (2016) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the sale of Rocky Mountain Industrial Services (RMIS) to Envirosystems Inc., a portfolio company of TorQuest Partners. Class VI Partners served as the exclusive investment bank to RMIS.
“The RMIS team has built a national reputation for excellence in the chemical cleaning space. The team’s deep experience in problem solving complex chemical cleaning projects will be a vital asset to the Envirosystems platform,” said David Tolson, Managing Director of Class VI Partners.
“The team members at Class VI are true professionals who take pride in their work,” said Charles Wigglesworth, Managing Member of RMIS. “They built a thorough understanding of all facets of our business. That knowledge greatly assisted them in working with RMIS and Envirosystems in crafting an acquisition which will prove beneficial to both parties as well as our customers.”
Business Sale
Based in Denver, Colorado, RMIS provides full-service, safety-driven chemical cleaning solutions to clients across the United States. The company specializes in chemical cleaning, consulting, and engineering services in the power generation, cogeneration, mining, petrochemical, pulp and paper, and pharmaceutical industries. With nearly 50 years of collective experience in chemical cleaning, RMIS has built a national reputation for safety, service, and innovation.
Charles Wigglesworth, Managing Member of RMIS, stated, “This is a great opportunity for our team. Envirosystems provides the resources and capital to execute on our growth strategy and better serve our existing customers.”
Co-headquartered in Fridley, Minnesota, United States, and Dartmouth, Nova Scotia, Canada, Envirosystems provides industrial and environmental services across North America. The company’s services include catalyst changeout, chemical cleaning, high-pressure cleaning, hydro-excavation, mobile spent caustic treatment, waste disposal/treatment, and vacuum services.
The transaction was closed on August 31, 2016. BakerHostettler in Denver served as legal counsel to RMIS.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Charles Wigglesworth, Managing Member of RMIS, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Charles Wigglesworth may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.