Ancor Capital Partners’ Portfolio Company, LSC Environmental Products, LLC, Acquires Benzaco Scientific, Inc.
31 Julio 2024 - 12:25PM
Business Wire
Ancor Capital Partners, an operations-focused Dallas-area
private investment firm, announces its portfolio company LSC
Environmental Products, LLC (LSC) recently acquired Benzaco
Scientific, Inc.
The Washington, D.C.-based company is a leading manufacturer of
natural compounds and attending delivery systems for managing and
eliminating industrial and commercial odors. The acquisition will
significantly augment LSC’s already strong solutions portfolio in
the Solid Waste, Oil and Gas, and Remediation markets and provide
access to adjacent markets and distribution channels.
The combined organizations will continue to do business as LSC
Environmental Products, LLC and will welcome Benzaco’s sales,
finance, operations and technical support teams. Joe Donze, LSC
CEO, will continue to oversee the expanded organization while John
Ablon, Benzaco’s Founder and President, will join LSC’s executive
leadership team.
“We have been innovating with LSC for nearly a decade as a
supplier and partner, and we are now proud to move forward as a
full-fledged member of their growing family,” said Ablon.
The acquisition brings together two companies that focus on
providing best-in-class solutions and delivering top-tier customer
service with a strong focus on environmental impact and
sustainability. LSC is widely recognized for pioneering the
category of spray-applied daily cover in the solid waste industry,
while Benzaco’s non-hazardous, non-toxic, natural compounds address
some of the market’s most challenging industrial and commercial
odors. LSC will maintain Benzaco’s entire portfolio, including its
high-performance Odor-Armor® product family.
“The acquisition will dramatically expand LSC’s solutions
portfolio in key markets and will leverage our amazing sales
organization and build on our technical expertise,” said Donze.
Ancor acquired LSC in 2019, and since then, LSC has acquired
Mat, Inc. in 2022 and Phoenix Paper Products in 2019.
“Benzaco Scientific is the third company LSC has acquired during
Ancor’s ownership and represents a strategic focus of growing our
company into a dominant player in the erosion control and land-fill
segment,” said Ray Kingsbury, Executive Operating Partner at
Ancor.
Terms of the transaction were not disclosed.
About Ancor Capital
Partners
Ancor Capital Partners, founded in 1994, is a Dallas-based
private investment firm that invests in lower-middle-market
companies. Ancor is focused on helping companies reach their next
level of growth. Ancor’s experienced investment team has the
acumen, expertise, and resources to invest wisely in existing
successful companies through private equity buyouts. As a seasoned
operating partner, Ancor works to optimize businesses, maximize
growth opportunities, and instill a lasting culture. With a proven
track record of 59 successful acquisitions to date, Ancor targets
investments in healthcare, industrial, consumer staples and
emerging industries. For more information, please visit
www.ancorcapital.com.
About LSC Environmental Products,
LLC.
LSC is a global manufacturer of premier products and equipment
designed to address the persistent environmental challenges of soil
stabilization, revegetation, odor, land reclamation, waste cover,
toxic remediation, and dust.
About Benzaco Scientific Inc.
Benzaco is a manufacturer and service provider of advanced odor
control products and delivery systems designed to manage and
eliminate odor issues in high-profile industrial and commercial
markets.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731806566/en/
Allison Klingsick, for Ancor Capital aklingsick@sunwestpr.com
(903) 316-4070