- Sun Capital to Leverage Industrial and Buy-and Build Expertise
- Investment Underscores Market’s Growing Focus on Environmental Safety, Public Health
Sun Capital a leading private investment firm focused on defensible businesses in growing markets with tangible improvement opportunities, today announced that an affiliate has completed the acquisition of Environmental Infrastructure Solutions (“EIS” or “the Company”), a leading provider of mission-critical environmental and infrastructure services, including abatement, decontamination and remediation, from O2 Investment Partners. Terms of the private transaction were not disclosed.
Founded in 2018 via the combination of five leading environmental services firms and headquartered in Fort Worth, Texas, with more than 750 employees and 24 offices, EIS provides federally-mandated services to over 1,400 customers across the U.S., making spaces safe from environmental and structural hazards. EIS clients include leading private and public sector institutions, across a variety of end markets, including commercial facilities, infrastructure, government, education, healthcare, and energy.
“We look forward to working closely with the EIS team to build on their success, applying our deep industrial sector knowledge to help them accelerate growth and capitalize on new market opportunities,” said Marc Leder, Co-Chief Executive Officer of Sun Capital. “EIS has built itself into an industry leader in environmental services, which has continued to grow in importance as organizations increase their focus on ESG.”
“It was critical for us to work with a partner that shares our goal of making the surroundings we work, live, and play in, safer and healthier for us and our future generations,” said Gary Caldwell, Chief Executive Officer of EIS. “Sun Capital deeply understands and appreciates our mission, and will provide the resources that will allow us to continue delivering tailored solutions to both longstanding and new customers in the best way possible.”
EIS’ purpose-built platform, combined with deep local relationships, nationwide reach, and world-class solutions has allowed the Company to expand rapidly and diversify its range of services. As a trusted partner to many blue-chip customers, EIS has maintained exceptional service delivery and a focus on safety, resulting in a net promoter score 30% above the industry average.
“We see a great opportunity to help EIS accelerate its growth, given the increasing demands of the regulatory environment and the historical underinvestment in infrastructure in the U.S.,” added Jared Wien, Managing Director at Sun Capital. “With more and more focus being applied to public health and safety, EIS is attractively positioned in the most important areas of a large and rapidly growing market, and we are eager to help them realize their full potential.”
“We are extremely pleased at the progress that EIS has made since we invested in 2018, and are confident that Sun Capital will bring the expertise and additional resources required to support the company’s impressive growth and delivery of world class solutions,” added Luke Plumpton, Partner at O2 Investments.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The Firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business Services, Consumer, Healthcare, Industrial, and Technology sectors. The Firm has offices in Boca Raton, Los Angeles and New York, and an affiliate with offices in London. For more information, please visit www.suncappart.com.
About Environmental Infrastructure Solutions
EIS is one of the largest providers of mission-critical environmental and infrastructure services in the United States, serving a wide variety of public and private end markets. With over 750+ employees and 24 offices, EIS performs a full suite of abatement, decontamination, remediation, and other environmental and specialty infrastructure services across the United States. As a leading remediation and specialty infrastructure services firm, our team is dedicated to exceptional growth that is bolstered by geographic expansion, service line extensions, and strategic acquisitions. Our success is a result of long-term customer relationships that drive repeat and reoccurring business.
About O2 Investment Partners:
O2 Investment Partners is a Midwest-based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management. Additional information is available at www.o2investment.com.