Nolan Advised Illini Environmental on its Sale to O6 Environmental Services

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“The team at Nolan helped me successfully transition ownership of my environmental services company. We chose not to run a broad auction process as we had identified a short list of potential acquirers that paired well with our management team, provided strategic value, and brought the necessary capital to support the future growth of the business. Nolan played a pivotal role in making sure we kept the small process competitive, allowing us to achieve the best outcome.”

Rick Orelt
Rick Orelt
Owner, Illini Environmental Inc.

  • Illini Environmental, Inc. is an EPA Permitted full-service waste management company. Illini caters to industrial, manufacturing, utility and environmental services customers offering them a suite of services including waste solidification, depackaging, beneficial reuse management, wastewater treatment brokering, hazardous material brokering, waste-to-energy processing and industrial cleaning.
  • Privately owned and operated for 20+ years, Illini Environmental is located in Caseyville, Illinois, and services the entire Midwest region.
  • As an EPA permitted facility, Illini processes non-hazardous and special waste streams onsite.
  • The owner of Illini was interested in transitioning to retirement while maximizing the value of the business and partnering with an acquirer who was strategically and culturally aligned.
  • One of Nolan’s professional relationships in the commercial banking sector referred the owner of Illini to Nolan.
  • Nolan’s sell side process delivered O6 Environmental, an environmental services company specializing in environmental remediation, comprehensive waste management, industrial cleaning services, and demolition.
  • O6 Environmental operates nationwide with over thirty-five years of industry expertise and is a portfolio company of Warren Equity Partners.
  • Warren Equity Partners helps management teams transform their companies into leading enterprises and partners with middle-market companies that focus on aging infrastructure trends.
  • Illini had a solid historical working relationship with O6 Environmental, and with the backing of Warren Equity Partners, the business combination was a natural fit.

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