B2 Partners Recent News

B2 Partners Acquires Rice Environmental Consulting & Safety, LLC

SCOTTSDALE, AZ (21 January 2015) B2 Partners and Taglich Private Equity are pleased to announce that through our portfolio company, Basin Environmental Service Technologies, LLC, we have acquired Rice Environmental Consulting & Safety, LLC. Based in Hobbs, New Mexico, RECS performs technical and environmental analysis for remediation projects on behalf of oil exploration and production companies in the Permian Basin. Enterprise Bank and Trust remains our strategic partner and worked diligently to help us close this acquisition.

“When we partner with companies, we always make sure that our growth plans strengthen relationships with our customers. At Basin, our customers are telling us that we need to grow in order to better serve them. By merging the RECS team into Basin, we have taken the first step towards significant growth that better serves our customers. With RECS, our project management team is 3-5 times deeper and provides the foundation from which we can add more field crews and handle more job sites,” stated Matt Behrens, Managing Partner of B2. “By merging RECS into Basin, we have added scale, diversified the customer base and obtained critical talent. The two cultures mesh well together, the leadership integration is ideal and operational practices are very similar, which will all simplify the upcoming organizational integration. We are excited about the opportunities we are creating for our employees, the service we are able to enhance for our customers and the value we are able to create for our investors.”

Rice Environmental Consulting & Safety, LLC
Founded in 2010, RECS is headquartered in Hobbs, New Mexico. RECS provides technical and environmental analysis associated with oilfield environmental remediation projects, specifically including developing project plans; sampling soil; delineating, sampling and photographing work/spill sites; managing spill cleanup operations; writing project reports and supporting its customers in discussions with state and federal regulators.

Basin Environmental Service Technologies, LLC
Founded in 2004 and acquired by B2 Partners and Taglich Private Equity in 2014, Basin is headquartered in Lovington, New Mexico, in the heart of the Permian Basin. Basin manages oilfield spill cleanup projects from start to finish for some of the largest oil & gas exploration, production and distribution companies in the Permian Basin.

Taglich Private Equity, LLC
Founded in 2001, Taglich is a lower middle-market private equity sponsor headquartered in New York City, with a focus on investing in manufacturing, business services and consumer product companies. To date, Taglich has completed transactions totaling over $500 million.

B2 Partners, LLC
Founded in 2014, B2 is a private equity sponsor investing in companies to create substantial growth. B2 partners with entrepreneurial management teams to create thriving companies, growth opportunities for employees and long-term value for investors. Located in Scottsdale, Arizona, B2 provides capital, strategic oversight and targeted operational support to take companies to the next level. 

For additional information, please contact Matt Behrens.

Matt Behrens
Managing Partner
B2 Partners, LLC
480-577-0337
MattB@B2Partners.com
www.B2Partners.com

B2 Partners Acquires Basin Environmental Service Technologies, LLC

SCOTTSDALE, AZ (15 October 2014) B2 Partners and Taglich Private Equity have partnered to acquire Basin Environmental Service Technologies, LLC. Based in Lovington, New Mexico, Basin performs soil and groundwater remediation and cleanup services for oil development and production companies throughout the Permian Basin in West Texas and Eastern New Mexico. Bobby Blackwood, Jr., Basin’s founder and President, will continue to lead the company through its next phase of growth.

 “Bobby has built a great company and we are excited to be able to partner with him to support his growth plans. Under Bobby’s leadership, Basin has demonstrated a strong commitment to environmental stewardship, safety, customer service and employee support, which has made Basin the premier company for environmental services in the northern Permian Basin,” stated Matt Behrens, Managing Partner of B2. With the help of our investment bankers at Fulham Partners, we have been able to partner with Taglich Private Equity and Enterprise Bank. Taglich and Enterprise both understand the dynamics of the Permian Basin and have been great to work with. Together, we will help grow Basin’s operations to meet the increasing demand in the Permian Basin, a hotbed for oil & gas exploration and production activity in the United States.

Basin Environmental Service Technologies, LLC
Founded in 2004, Basin is headquartered in Lovington, New Mexico, in the heart of the Permian Basin. Basin manages oil & gas spill cleanup projects from start to finish for some of the largest oil & gas development and production companies in the Permian Basin. 

Taglich Private Equity, LLC 
Founded in 2001, Taglich is a lower middle-market private equity sponsor headquartered in New York City, with a focus on investing in manufacturing, business services and consumer product companies. To date, Taglich has completed transactions totaling over $500 million.

Fulham Partners, LLC
Founded in 2010, Fulham Partners is a boutique investment bank providing quality advisory services to lower middle-market companies throughout North America. Based in Phoenix, Arizona with affiliate offices in New York City and Calgary, Albert, Fulham provides corporate financial and risk management advice.

B2 Partners, LLC
 Founded in 2014, B2 is a private equity sponsor investing in companies to create substantial growth. B2 partners with entrepreneurial management teams to create thriving companies, growth opportunities for employees and long-term value for investors. Located in Scottsdale, Arizona, B2 provides capital, strategic oversight and targeted operational support to take companies to the next level. 

For additional information, please contact Matt Behrens. 
Matt Behrens Managing Partner B2 Partners, LLC 
480-577-0337 
MattB@B2Partners.com 
www.B2Partners.com