VLS Recovery Acquires Beauchan Rail Services

HOCKLEY, TX – August 7, 2018 - VLS Recovery (“VLS” or the “Company”), a leading provider of specialty cleaning and waste processing services, today announced that it has acquired Beauchan Rail Services (“Beauchan”), a provider of high-quality railcar cleaning and product transfer services. The acquisition adds two highly-strategic locations to VLS’s existing railcar cleaning network. Terms of the transaction were not disclosed.

Based in Friendswood, Texas, Beauchan Rail Services provides broad-based railcar cleaning and product transfer services as well as a wide spectrum of customized and turnkey services. Beauchan’s two locations east of Houston provide VLS with direct access to the Union Pacific, BNSF and PTRA rail networks.

“The Beauchan team has built an attractive specialty rail services business, and we are excited to add their service offerings, access to rail lines and strong customer base to the VLS network,” said Michael Dilick, Chief Executive Officer of VLS. “We look forward to working alongside Aurora to invest and expand the services, processes and capabilities at each Beauchan site while continuing to pursue our buy and build strategy across the broader VLS platform.”

This acquisition follows the Company’s acquisition of Venti Industrial as its second add-on transaction since being acquired by Aurora Capital Partners in October 2017.

About VLS Recovery

VLS Recovery is a leading provider of specialty cleaning and waste processing services. VLS provides specialty cleaning services of railcars and large industrial containers for difficult-toclean products including chemicals, hardened materials and pressurized gases. The Company also provides customized processing solutions for non-hazardous waste, including waste-toenergy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. For more information about VLS Recovery, visit: www.vlsrs.com.

About Aurora Capital Partners

Aurora Capital Partners is a leading private equity firm managing funds with total capital commitments of over $3 billion. Aurora focuses principally on control investments in middlemarket companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Partners, visit: www.auroracap.com.