Wind River Environmental, a Marlborough, Massachusetts-based provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States, received a majority investment from Gryphon Investors.
The amount of the deal was not disclosed. After the closing of the transaction, Former Republic Services COO and Gryphon executive advisor Kevin Walbridge will become Chairman of Wind River.
The investment will support the company’s continued growth both organically and through acquisitions.
Founded in 1999 and led by CEO John O’Connell, Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern U.S. With more than 25 locations, the company serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods.
In 2016, it serviced 25,000 commercial and 52,000 residential sites.
Kirkland & Ellis acted as the legal advisor to Gryphon and Finn Dixon & Herling was the legal advisor to Wind River. Stifel Nicolaus acted as financial advisor to Gryphon and William Blair & Company acted as the financial advisor to Wind River.