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Emerald Transformer
Emerald Transformer Acquires Transformer Division From Clean Harbors



July 6, 2017

Emerald Transformer, a division of Versatile Processing Group, Inc., an Insight Equity portfolio company, announced today (7/5) the acquisition of the Transformer Services group of Clean Harbors Inc. (NYSE: CLH).  This acquisition expands the national footprint of Emerald Transformer and further enhances its ability to provide industry-leading service to its customers. Financial terms were not disclosed.

The Transformer Services group of Clean Harbors is a well-established business that brings significant expertise and capacity to the equipment recycling, PCB disposal, oil processing, and field services operations of Emerald Transformer.  The combination of these two companies will greatly expand Emerald Transformer's capabilities and provide it with facilities and resources that we believe are unmatched in the industry.

Geographically, the acquisition strengthens Emerald Transformer's national footprint, which now consists of 10 strategic locations from coast-to-coast.  Following the addition of five facilities across the United States, Emerald will now focus on expanding the service offerings of all locations while leveraging shared expertise and best practices to provide the highest level of service in the industry. 

Stuart Prior, CEO of Emerald Transformer, said "The combination of the two organizations provides Emerald with national coverage and will allow us to better serve our customer base while we continue to expand into new markets and territories."

About Emerald Transformer

Headquartered in DeFuniak Springs, Florida, Emerald Transformer has 40-plus years of expertise in the transformer services industry, and provides services for electrical equipment from cradle-to-grave, including: Transformer Repair, Large Transformer Decommissioning, Field Technical Services, Refurbished Equipment Sales, Oil Processing, and PCB Disposal among other specialty services.  Emerald Transformer proudly supports many of the largest electric utilities and commercial customers in North America.  

About Insight Equity

Insight Equity makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight Equity specializes in partnering with companies in complex and challenging situations, including corporate divestitures, aggressive growth opportunities, restructurings, and transitions from private family ownership. The firm leverages a proven, collaborative value creation model to facilitate operating enhancements and growth.

Insight Equity's headquarters is located near the Dallas / Fort Worth International Airport in Southlake, Texas. The firm also has an office in New York City.

For more information:

Organization:
Emerald Transformer
www.emeraldtransformer.com

Contact:
Shane Willis
Executive Vice President Sales & Marketing
Tel: 317-577-6095
E-mail: swillis@emeraldtransformer.com


Link http://electricenergyonline.com/detail_news.php?ID=646957
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