Omega Capital, a Tulsa-based private equity firm, acquired a majority ownership of M&M Environmental Group, LLC, a Conway, Ark-based environmental solutions provider to the oil and gas industry in the Mid-Continent region.
The details of the transaction were not disclosed.
Led by Sam McFadin, founder and Chief Executive Officer, M&M Environmental provides a range of services from spill containment and rig services to completions and disposal.
The company has full-service field offices in Damascus, Ark., Alva, Okla. and Pauls Valley, Okla.
Customers include many exploration and production companies in the region.
As part of the transaction, McFadin will retain a significant ownership stake in M&M Environmental and continue to serve as its chief executive officer, while Jason Martin, President of Omega Capital, will serve as chairman of the board.