Texas-based Vecta Acquires Polaris Services LLC

Weatherford, Texas-based Vecta Environmental Services, LLC has acquired Polaris Services, LLC, a privately-owned local hydro-excavation company, according to an announcement issued Wednesday by Cotton Creek Capital. Terms of the disclosure remain undisclosed.

The merger of Vecta and Polaris provides Vecta with increased scale and capabilities complimenting its full suite of industrial service offerings to chemical, industrial, midstream oil & gas, and utility customers throughout Texas and the Gulf Coast region. Polaris expands Vecta’s operating footprint with locations in New Mexico and Oklahoma, enabling Polaris to offer a broader range of services to its customer base.

“Polaris’ operating principles, including exceptional customer service and a relentless focus on safety, align with the operating principles and tenets Vecta customers and employees have come to trust,” said Kenny Rouse, Founder and President of Vecta. “We welcome the Polaris team to the Vecta family and look forward to expanding the range of services and operating footprint to better serve our collective customer base.”

The merger expands Vecta to six operating locations in four states and serving the contiguous 48 states. In addition to one of the largest privately held hydro-excavation fleets in the United States, Vecta’s range of services also include hydro-blasting, vacuum truck, tank cleaning and insulation & scaffolding services critical for routine maintenance at customer plants and facilities. As part of the acquisition, Polaris will continue to be led by its current executive team, including its founders. The transaction closed on November 30, 2018.

Polaris Services, LLC is a family-owned hydro-excavation business founded in 2005 and headquartered in Weatherford, Texas. Polaris has additional locations in Hobbs, New Mexico and Stillwater, Oklahoma. The Company provides daylighting, line location and slot trenching services to midstream oil & gas, utility and commercial construction companies primarily in the South Central United States.

 

%d bloggers like this: