Midland, TX (December 2024) – Wilcox Investment Bankers, a boutique M&A advisor, is pleased to announce that Return Holdings, LLC has completed the sale of its waste disposal assets to Milestone Environmental Services. Wilcox Investment Bankers served as exclusive M&A advisor to Return Holdings, LLC.
Since 2017, Return Holdings, LLC and its subsidiary, Return Disposal, LLC, (“Return” or “the Company”) has developed and operated three full-service commercial waste disposal facilities offering customers in the Permian Basin convenience and cost savings in an environmentally preferred manner. Each facility is equipped to handle (1) wet solids, such as oil and water-based mud, acids, tank bottoms, and other types of solid material, and (2) produced saltwater. Return uses a proprietary, highly-effective and environmentally safe cuttings re-injection (CRI) slurry process to inject disposal materials downhole into a traditional commercially permitted saltwater disposal well. Additionally, the Company provides complementary washout services and freshwater rinse services.
“We are excited about selling our waste facilities to Milestone Environmental Services. We believe they will be good stewards of what we have built. Strategically, our waste assets combined with those of Milestone’s portfolio allows us to cover almost the entire Permian Basin, thereby, giving Milestone the ability to provide services to virtually all oil and gas producers in the region. This transaction surpassed our goals and expectations – we are very pleased with the result,” said Mr. Toben Scott, President.
Jason N. Wilcox, Managing Director of Wilcox Investment Bankers, led the transaction to a successful close. “I am thrilled for Toben, his team and the investors. They are first-class people who built a solid business. This transaction was a great outcome for them as well as Milestone.”
Waste Facilities Sold
The sale includes the following three facilities:
- Cross Ell Slurry Injection Facility, 209 Stallings Rd, Big Spring, TX 79720
- Mentone Slurry Injection Facility, 1674 US Hwy 285N, Mentone, TX 79754
- Midkiff Slurry Injection Facility, 22407 S Hwy 349, Midkiff, TX 79755; formerly known as
Hwy 349 SWD
About Milestone Environmental Services
Milestone Environmental Services, headquartered in Houston, Texas, is a leading environmental infrastructure and carbon management company and the largest energy waste sequestration company in the United States. The Company operates a leading integrated network of waste infrastructure that reduces the carbon impact of its customers by permanently sequestering hydrocarbon waste over a mile below the surface, preventing greenhouse gas emissions and water and ground contamination. Milestone is a portfolio company of SK Capital Partners, a sector-focused, growth-oriented private investment firm comprised of a team with extensive operating, ownership, and investment experience.
About Wilcox Investment Bankers
Wilcox Investment Bankers is a boutique M&A advisor for entrepreneurs in the commercial services, energy, industrial, and infrastructure sectors. Established in 2008 in Dallas, Texas, our experience spans over 75 transactions in excess of $4.0 billion aggregate value. We work with private, entrepreneurial, founder and family-owned, closely-held companies generating $25 to $300 million in revenue. We serve as a trusted advisor offering candid advice, personal attention, senior-level experience and complete management of the transaction process. Our simple mission is to work with great clients and apply our expertise to achieve excellent results for them.
For more information visit WilcoxInvestmentBankers.com or Selected Transactions or contact:
Jason N. Wilcox
Wilcox Investment Bankers Managing Director
972-691-2080
jason@wilcoxinvestmentbankers.com
