November 5, 2007 – Saw Mill Capital LLC, a private equity firm based in Briarcliff Manor, NY, is pleased to announce the completion of five acquisitions by its portfolio company, Terra Renewal LLC (“Terra”), a leading provider of environmentally-friendly disposition solutions for non-hazardous liquid waste. Over the last six months Terra Renewal successfully acquired Bio-Vac, Inc, Enviroganics, Soil Farming, Inc., Blue Iron Equipment LLC and Vista Services LLC.
“The team at Terra has done an extraordinary job of identifying and acquiring companies that expand its core service and geographic reach. Completion of these complementary acquisitions along with rapid organic growth has resulted in Terra significantly growing and diversifying its revenues and cash flows,” said Scott Budoff, Partner at Saw Mill Capital. Andy McNeill, Terra’s Chief Executive Officer, commented, “These acquisitions further our strategy of becoming the largest provider of environmentally-friendly solutions for the disposition of non-hazardous liquid waste in the United States.”
In May 2007, Terra acquired Bio-Vac, Inc., a leading regional provider of grease-trap and yellow grease collection and disposal services obtained principally from restaurants and food processors in Tennessee.
In June 2007, Terra acquired Enviroganics, a leading regional provider of biosolids management services, including transportation, dewatering, treatment, disposal and regulatory compliance primarily from municipal and industrial wastewater treatment facilities in Texas and Florida.
In October 2007, Terra simultaneously acquired Soil Farming, Inc., Blue Iron Equipment LLC and Vista Services LLC, to expand its environmentally friendly waste water disposition services to the rapidly growing North American natural gas industry. Following these acquisitions, Terra now collects waste drilling mud and backflow, and provides soil testing, liquids storage, treatment solutions, land application and other disposal services to large natural gas producers in Oklahoma, Arkansas and Texas.
Terra continues to seek additional strategic acquisitions that collect, treat and recycle non-hazardous industrial, commercial and municipal liquid waste, and/or collect, reprocess and recycle yellow grease and/or grease trap waste.
About Saw Mill Capital LLC
Saw Mill Capital LLC is a private equity firm that makes control investments in manufacturing and service companies with enterprise values of $25 to $200 million. Saw Mill makes platform investments in companies with at least $5 million of EBITDA, and will consider smaller transactions as add-ons for portfolio companies. Saw Mill’s disciplined process and active involvement allow it to help companies reach their full potential by working collaboratively with their management teams and outside executives to create effective business strategies, implement best practices and provide global market expertise. To learn more about Saw Mill Capital, please visit www.sawmillcapital.com or contact any of the firm members.
About Terra Renewal LLC
Terra Renewal LLC is a leading provider of environmentally-friendly disposition solutions for nonhazardous liquid waste. On a recurring basis, Terra Renewal collects wastewater residuals from food processing companies, restaurants, municipalities and oil & gas companies and, in most cases, land applies this material for beneficial use on farmland pursuant to environmental permits. Terra Renewal also provides industrial and municipal lagoon and digester clean-out services, and yellow grease and grease-trap collection, reprocessing and recycling services. To learn more about Terra Renewal, please visit www.terrarenewal.com.
