C# Project - How to use two third-party DLLs with conflicting redistributable dependencies

Question

I have a C# service than needs to use two DLL libraries from two different vendors. Source code is not available for these libraries. The libraries perform separate functions. Each library requires Microsoft Visual C++ Redistributable to be installed, but they require different versions. Is it possible to use both of these libraries within my service at the same time? Is there a way to specify where each third-party DLL looks for and loads its dependencies, for example by file location or other app.config configuration? I don't know enough about the .NET CLR, when dealing with DLLs and there dependencies to know how this is handled.