Tulsa private equity firm Omega Capital has picked up a majority stake in M&M Environmental Group LLC for an undisclosed amount.

M&M, headquartered in Conway, Arkansas, provides environmental services to the oil and gas industry, including spill containment, rig services and disposal. The company’s CEO and founder, Sam McFadin, will remain in his position and retain a significant ownership stake.

Omega Capital closed its first fund with $30 million in commitments in April 2014. The firm is also invested in CareATC Inc., which operates medical clinics.

For more on environmental services, see PE Firms Focus on ESG and our guest article, Buyer Beware: Environmental Liabilities.

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