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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240731806566/en/
Contacts
Allison Klingsick, for Ancor Capital
aklingsick@sunwestpr.com
(903) 316-4070
