Lingate advises Lube-Tech on new strategic alliance with Valicor
Valicor & Lube-Tech form strategic alliance, extending commitment to responsible wastewater recycling
Valicor Environmental Services (“Valicor”), North America’s largest provider of non-hazardous wastewater treatment services, and Lube-Tech, a leading provider of advanced fluids and lubricants for the automotive, industrial and manufacturing sectors, today announced the formation of a strategic alliance. This partnership extends the companies’ shared commitment to responsible wastewater treatment and recycling. Valicor and Lube-Tech will be able to better serve their respective customer bases with greater capacity and a broader set of capabilities.
Under the terms of the agreement, Valicor will expand into Minnesota by assuming operational responsibility for the centralized wastewater treatment (“CWT”) capabilities at Lube-Tech’s facility in Roseville, Minn. Lube-Tech’s customers will continue to receive wastewater collection services from Lube-Tech. Valicor will manage the responsible treatment, disposal and recycling of all wastewater material. Valicor intends to make significant investments in Lube-Tech’s Roseville CWT facility to expand its capacity and service offerings.
“We are pleased to partner with Lube-Tech as we expand into Minnesota and strengthen the value proposition we offer our customers,” said Bill Hinton, Senior Director of Corporate Development at Valicor. “Valicor and Lube-Tech share a passion for serving our customers and our teams. This alliance will support Valicor’s continued growth and further reinforce Valicor’s leadership position in the non-hazardous wastewater treatment industry.”
“It was important for us to partner with a team that shares our values and focus on customer service,” said Chris Bame, CEO and Owner of Lube-Tech. “Valicor is an established leader in wastewater treatment and recycling. This partnership significantly expands our capacity and capabilities. With Valicor, we will improve the water treatment and recycling services we provide to our customer base across the Midwest.” For more information, visit www.lubetech.com.
Ohio-based Valicor is the largest provider of centralized non-hazardous wastewater treatment in North America. With the addition of the Minnesota facility, the Company now operates 21 facilities across 13 states and recycles more than 300 million gallons of wastewater annually. Valicor is part of the Pritzker Private Capital family of companies.
Minnesota-based Lube-Tech provides advanced energy, fluids, lubricants, vehicle wash solutions and other supporting services to customers throughout the Midwest region; Shreveport, Louisiana; and Langenthal, Switzerland. Lingate Financial Group served as an advisor to Lube-Tech on the strategic alliance. Lingate helps business owners with market-based valuations, business sales, mergers, acquisitions, joint ventures, recapitalizations and internal transitions among family members, partners and Management.