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CIVC Partners Forms Partnership with Equipment Transport


CIVC Partners, L.P., a Chicago-based middle market private equity firm focused on investments in the business services and financial services industries, is pleased to announce the firm’s newly formed partnership with Dave Florance and the senior management team of Equipment Transport, LLC. As part of the transaction, CIVC made a significant equity investment in the company and M&T Bank Corporation provided senior debt credit facilities.

Equipment Transport is a diversified ancillary well site services company, based in Carlisle, PA, that provides critical services supporting the Marcellus and Utica Shale drilling and hydraulic fracturing programs of major exploration and production (“E&P”) companies. Equipment Transport brings significant value to its E&P customers through a broad service offering that includes fluid transportation, waste management, heavy equipment hauling, and ancillary pad support services. Equipment Transport’s service breadth and quality enable its E&P customers to rely on the company as a one-stop provider of reliable, consistent, safe, and fully compliant services. For additional information about Equipment Transport, visit

CIVC’s investment is expected to assist Equipment Transport in capitalizing on the strong secular growth in shale oil and gas development across a variety of U.S. basins by supporting the company’s capital investment plans, fueling its new market entry initiatives, and enabling the company to make strategic acquisitions to enhance its service offerings and geographic reach.

The company’s management team, led by Dave Florance, founder and CEO, is excited about the opportunity to partner with CIVC. Dave Florance said, “I was focused on finding the right partner to help my team accelerate the growth of our business. The principals at CIVC distinguished themselves to me through their significant industry knowledge and successful prior experiences investing in outsourced waste management and services companies. Our management team is excited to partner with the CIVC team as we believe they can help lead us through our next phase of growth.”

CIVC’s investment in Equipment Transport builds on the firm’s continuing efforts in the business services industry and, more specifically, the outsourced energy services and waste management sectors. Recent examples of such activity include CIVC’s investments in EN Engineering and PowerTeam Services and the recent sale of Thermo Fluids Inc.

Raymond James served as financial advisor to Equipment Transport on the transaction.

About CIVC Partners, L.P.

CIVC Partners is a Chicago-based private equity firm with over 20 years of private equity experience. CIVC has completed 53 platform transactions and dozens of add-on acquisitions since 1989. CIVC currently manages over $1.3 billion in private equity funds and is investing out of CIVC Partners Fund IV. CIVC focuses on companies operating within the business services and financial services industries. More information on CIVC Partners and its portfolio companies can be found at

If you have an opportunity that might be an add-on acquisition candidate for Equipment Transport, please contact Keith Yamada or David Miller.

Press Contact
Patty Walker
CIVC Partners
(312) 873-7300