RLJ Equity Partners, LLC, based in Bethesda, Maryland, has acquired Olson Brothers Pro-Vac LLC of Puyallup, Washington. Brown Gibbons Lang & Company (BGL), Cleveland, and its Environmental & Industrial Services team served as the exclusive financial advisor to Pro-Vac in the transaction. The specific terms of the transaction were not disclosed.
Pro-Vac is an environmental, infrastructure and municipal services provider in the Pacific Northwest. The company offers a comprehensive suite of essential support services to the infrastructure, municipal and environmental markets, including hydroexcavation, storm and sewer maintenance, pipe/line jetting, industrial vacuum cleaning, CCTV inspection, commercial sweeping, tank rental and other specialty services. Pro-Vac is a valued strategic partner to a diverse group of premier contractor, utility, municipal and manufacturing customers in its region. Prior to the transaction, the company was majority-owned by Peninsula Capital Partners, a Detroit-based private investment firm; Silver Peak Partners, a Denver-based private investment firm; and key Pro-Vac management team members.
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