June 24, 2021
HOUSTON, TX (June 24, 2021) – Gilbert & Pardue LLC (“GaP”) acted as exclusive advisor to Lion Industrial Resources, Inc. (“Lion”) of Channelview, TX in its sale to Seneca Trails Capital, LLC of Houston, TX. The transaction closed on May 26, 2021.
Lion, founded by Patrick Fisher, specializes in industrial waste management. The company is known as a reliable and effective provider of comprehensive waste solutions to industrial generators in Houston and the Gulf Coast region. Mr. Fisher is proud to have assembled a team worthy of investment from Seneca Trails and is looking forward to the company’s continued growth under the leadership of Vik Bakshi, Founder and Principal of Seneca Trails and new CEO of Lion.
Bret Pardue, GaP Partner remarked, “Throughout our engagement with Lion, I grew to admire and respect the business Patrick built. The Lion team executes professionally and at a high level, staying disciplined while serving the company’s customers with passion and integrity. I am equally impressed with Vik and his servant demeanor as the next leader. Lion was an impressive business when we began to work with them. This transaction provides them with added fuel in the rocket, making their future brighter than ever.”
Mr. Bakshi commented that he “looks forward to leading the Lion team to unprecedented heights and a prosperous future serving Gulf Coast area waste generators.”
ABOUT THE COMPANIES
Seneca Trails Capital
Seneca Trails Capital is focused on ensuring the longevity of lower middle market businesses by investing in the People, Processes, and Systems to sustain growth. The firm’s investors are seasoned entrepreneurs, operators, and middle market investors with extensive experience and a track record of driving long-term performance. Vik Bakshi, Principal, is dedicated to aligning the financial and operational results of the business with the long-term success of all stakeholders – customers, employees, equity holders, and neighbors.
Lion Industrial Resources
For 15 years, Lion Industrial Resources has exceled at delivering comprehensive solutions to their Gulf Coast customer’s Waste Management, Recycling, Industrial Services, Turnaround, Emergency Response, and Training needs. Lion’s goal in every interaction is to enhance the environment and communities in which their customers live and operate.
GaP Business Advisors
Gilbert & Pardue Business Advisors (GaP) is a Houston-based business advisory firm serving lower middle market business owners from coast to coast through sell-side representation for Mergers & Acquisitions (M&A).
Matt Gilbert and Bret Pardue established GaP to provide owners of businesses generally enjoying annual revenue of $10-$75 million with the quality of M&A representation and value-enhancement services previously only available to upper middle and large businesses. GaP brings highly-experienced executives, sophisticated financial and marketing products, proven-effective processes, and fully-integrated expertise to every engagement.
For more information, contact:
GaP Business Advisors
Bret Pardue, Founding Partner
Matt Gilbert, Founding Partner