Simpson Thacher represented Infrastructure at Goldman Sachs Alternatives in its acquisition of Liquid Environmental Solutions (“LES” or the “Company”), a leading provider of non-hazardous liquid waste management services in the United States, from Audax Private Equity.
Founded in 2002, LES is a leading national service provider within the circular economy, managing non-hazardous liquid waste for its blue-chip customer base through a high-quality network of scaled infrastructure assets. LES collects, treats, and beneficially recovers materials from a variety of liquid waste sources including grease traps, oil water separators, used cooking oil and other non-hazardous liquid waste for the restaurant, grocery chain, hospitality, education, and environmental services sectors. The Company services its highly diversified customer base from a network of 64 service locations and 26 treatment and processing facilities strategically located across the United States.
The Simpson Thacher team included Breen Haire, Tushar Parashar, George Smith, Alexiz Magro-Malo, Adam Danciu and Natalie Marionneaux (M&A); Catherine Burns and Shawn Dogra (Credit); Andrew Blau, Matias Botto and Benjamin Faber (Executive Compensation and Employee Benefits); Toby Chun and Deepa Sarkar (Environmental); Jonathan Goldstein and George Rhein (Tax); Marisa Geiger, Dewey Kang and Christian Bond (Intellectual Property); Krista McManus and Helene Marie Snyder (Real Estate); Matt Feehily and Lauren Gluzman (SFDR); and Steven DeLott (Insurance).