Cotton Creek Capital’s Vecta Environmental Acquires Holeshot Services
Austin, Texas – May 23, 2019 – Cotton Creek Capital is pleased to announce the acquisition of Holeshot Services, LLC (“Holeshot”), a Lake Charles, Louisiana-based provider of routine maintenance and industrial services in the industrial, chemical and environmental sectors, by Vecta Environmental Services, LLC (“Vecta”). This acquisition enhances Vecta’s scale, customer base and geographic density in the Southeastern Texas and Southern Louisiana markets along the Gulf Coast, an area that is currently experiencing a significant level of infrastructure investment.
The acquisition increases Vecta’s operating locations to seven, providing customers additional services and equipment while also expanding the Company’s capacity in the Gulf Coast region. In addition to one of the largest privately held hydro-excavation fleets in the United States, Vecta’s range of services include hydro-blasting, vacuum truck, tank cleaning and insulation & scaffolding services critical for routine maintenance at customer plants and facilities.As part of the acquisition, Holeshot will continue to be led by its current executive team, including its founders.The transaction closed on May 15, 2019.
Founded in 2015 in Lake Charles, Louisiana, Holeshot Services, LLC provides hydroblasting, vacuum truck, hydro excavation and roll-off services for routine maintenance, planned outages/shutdowns and emergency situations at customer plants and facilities in the Lake Charles, Louisiana and surrounding area.
Vecta Environmental Services, LLC provides routine maintenance and mission critical industrial and environmental services to plants and facilities along the U.S. Gulf Coast region. The Company specializes in hydro-blasting, vacuum truck, tank cleaning, hydro-excavation and insulation & scaffolding services critical for routine maintenance, planned outages/shutdowns, regulatory compliance and emergency call outs at customer plants and facilities. Vecta operates out of its headquarters in Gonzales, Louisiana, and has additional locations in LaPlace, Louisiana, Houston, Texas, Weatherford, Texas, Hobbs, New Mexico and Stillwater, Oklahoma, serving a diverse set of customers throughout the Gulf Coast region. For more information, visit Vecta’s website at www.vectaenvironmental.com.
About Cotton Creek Capital
Based in Austin, Texas, Cotton Creek Capital is an operationally-focused private equity firm that focuses on investing in and growing lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, building products, food and beverage and business services sectors.The Firm targets businesses with EBITDA between $5 million and $15 million, investing between $10 million and $40 million in equity ranging from buyouts, recapitalizations, buy-and-builds to corporate divestitures. Cotton Creek Capital partners with exceptional management teams, collaborating to develop a focused vision and execution plan based on company-specific objectives. Cotton Creek Capital’s senior investment professionals have invested in and advised privately-held businesses for over twenty years with an active approach that enables Cotton Creek Capital to work in concert with management teams to build market-leading businesses. For further information, visit Cotton Creek's website at www.cottoncreekcapital.com.