WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Palm Seashore Capital Fund V, L.P. (“PBC”), via one in all its funding entities, introduced immediately that it has made an funding in Earth Methods, LLC, (“Earth Methods” or the “Firm”) a number one environmental engineering and consulting agency primarily based in South Florida. Monetary phrases of the non-public transaction weren’t disclosed.
Earth Methods companies purchasers in numerous finish markets together with oil and fuel, governments and municipalities, utilities and property growth. Service strains embody evaluation and remediation, spill response, environmental compliance and threat administration. Based in 1999, the Florida primarily based firm has grown its nationwide presence over the past 23 years and now companies 7 states via 13 places of work. Rules for brand new contaminants of concern (e.g. PFAS) create an ever-expanding demand for the Firm’s companies. Earth Methods is poised for great progress with ten new grasp service agreements prior to now 24 months and a company tradition that pulls and retains each coveted purchasers and staff.
“We’re very enthusiastic about partnering with Palm Seashore Capital given their deep business experience and longtime historical past of partnering with enterprise house owners and founders. PBC will present Earth Methods the capital and entry to strategic assets the corporate must execute on our long-term progress plans which embody natural progress via new areas in addition to strategic acquisitions that can permit us to develop into new geographies, companies and purchasers,” acknowledged Rick Ofsanko, Co-President and Co-Founding father of Earth Methods.
“We’re excited to associate with the Earth Methods administration group, and we look ahead to offering the mandatory help and capital for the corporate to take the following step in its progress plan,” stated Nate Ward, PBC Co-Founder and Managing Companion. “Earth Methods is uniquely positioned with long-term buyer relationships in its area of interest verticals to develop exponentially because the nation continues to extend laws and emphasize the environmental impacts on society. We imagine this enterprise will function a powerful platform whereas the Firm expands into tangential service choices within the environmental engineering business.”
Aaron Horowitz from Horowitz Regulation Agency, P.A. and Milton Vescovacci from Gunster served as vendor’s authorized counsel, and Reggie Zachariah from Greenberg Traurig served as purchaser’s authorized counsel on the transaction.
About Earth Methods
Based in 1999, Earth Methods is an environmental engineering agency primarily based in Lantana, FL, with places of work in New Jersey, New York, Colorado, North Dakota, Pennsylvania and Texas. The corporate was based to fulfill purchasers and staff. Earth Methods has a 20-year observe file of low worker turnover, regular progress, and long-term relationships with a wide range of extremely selective purchasers in numerous markets and industries.
About Palm Seashore Capital
Based in 2001, Palm Seashore Capital is a center market non-public fairness funding agency primarily based in West Palm Seashore, Florida. At present investing out of its fifth dedicated fund, the agency focuses on excessive progress funding alternatives and companions with administration groups in administration buyouts, recapitalizations and progress fairness investments. Since its inception, Palm Seashore Capital has made investments in 55 platform portfolio corporations, with a give attention to the enterprise companies, healthcare, and transportation and logistics sectors. For extra data, please go to the agency’s web site at www.pbcap.com.
