Market Overview

Blue Sage Capital Sells R360 to Waste Connections For $1.3B

Blue Sage Capital announced today that it has completed the sale of one of its portfolio companies, R360 Environmental Solutions, to Waste Connections, Inc. (NYSE: WCN).

R360, headquartered in Houston, Texas, is a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken, and Eagle Ford Basins. R360 operates 26 facilities across Louisiana, New Mexico, North Dakota, Oklahoma, Texas, and Wyoming.

Blue Sage has had a longstanding commitment to the oilfield waste treatment sector. The firm previously owned Controlled Recovery, Inc. (CRI), which was acquired by R360 in 2010. Peter Huff, Co-Founder and Managing Member of Blue Sage, served on the R360 Board of Directors and helped steer R360, utilizing his significant experience from CRI. Peter said, “We have been active owners in this market since 2006. Our businesses have steadily grown during this time. This transaction will deliver exceptional returns to our investors.”

Blue Sage does not disclose its returns; however, publicly available information puts the sale price at more than $1.3 billion. Blue Sage typically invests approximately $10 million in each portfolio company.

Posted-In: News Asset Sales

 

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