Brian Flanagan began his business voyage in the early days of the environmental remediation industry with his first business collaboration, Midwest Asbestos Removal Service (MARS). Quickly realizing that the regulatory enforcement of new environmental laws would result in exciting growth opportunities, he developed a remediation services company to serve real estate owners and environmental consultants. MARS became recognized as one of the leading environmental remediation service contractors in the Chicago market. At its peak, the organization had annual revenues of over $50,000,000.00 with 800 employees. MARS operated five distinct divisions that specialized in the environmental services sector.
Recognizing the finite nature of the environmental business, Brian elected to diversify into other investment vehicles. Initially, MARS acquired environmentally distressed real estate assets from commercial banks and lenders in the financial services industry. MARS later broadened into development of commercial and industrial properties. Along with prior ownership of two hotel properties in Southwestern Florida, MARS owns and manages over 2,000,000 square feet of commercial and industrial real estate in the Chicagoland area.
In the mid 1990s, Brian divested himself of the environmental services industry to focus on real estate and other operating company investments. In 1997, MARS acquired the Brucker Company – a small manufacturers representative organization servicing the HVAC industry. A veteran at MARS assumed the role of President at Brucker and completed two subsequent acquisitions in the industry. Today, Brucker is a broad-line distributor of HVAC equipment with annual revenues exceeding $40,000,000.00.
Seeking more platform and synergetic acquisitions and in order to leverage their time and capital, MARS decided to transform into an investment vehicle that more closely resembled a holding company. MARS acquisition specialist Mr. Rick Anglin brings over 25 years of financial experience to the team – 15 of them being in the private equity industry. Mr. Anglin also has entrepreneurial experience honed while running two of MARS earlier acquisitions. He is responsible for sourcing potential acquisitions, managing due diligence, execution and assisting in monitoring investments post closing.
Unlike typical private equity investment groups, MARS brings a unique, entrepreneurial perspective to their investments and has proven experience building successful operating companies. MARS is also not beholden to the short-term return horizons of industrial investors. They are long-term investors seeking to compound equity growth in defensible operating companies with internal or external growth opportunities.