M&A Deal Summary

Acrt Services Acquires Enviroscience

On December 23, 2021, Acrt Services acquired environmental company Enviroscience from Squire Ridge Company, JWI Capital and Kirtland Capital Partners

Acquisition Highlights
  • This is Acrt Services’ 1st transaction in the Environmental sector.
  • This is Acrt Services’ 1st transaction in the United States.
  • This is Acrt Services’ 1st transaction in Ohio.

M&A Deal Summary

Date 2021-12-23
Target Enviroscience
Sector Environmental
Buyer(s) Acrt Services
Sellers(s) Squire Ridge Company
JWI Capital
Kirtland Capital Partners
Deal Type Add-on Acquisition

Target

Enviroscience

Stow, Ohio, United States
Enviroscience provides biomonitoring, environmental compliance, restoration, and commercial diving services to federal, state, and municipal governments, the power industry, manufacturing, and private clients throughout the U.S. and Canada. Enviroscience was founded in 1988 and is based in Stow, Ohio.

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Buyer(S) 1

Buyer

Acrt Services

Stow, Ohio, United States

Category Company
Sector Business Services
DESCRIPTION

ACRT Services offers expert independent consulting solutions to utilities and associated organizations throughout the United States, including vegetation management consulting, ecological consulting, arborist training, customized safety courses, technology solutions, utility metering services, and more. Acrt Services is based in Stow, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 3

DESCRIPTION

Squire Ridge Company is a private investment firm that seeks both controlling and non-controlling stakes in privately held niche manufacturing, value-added distribution and select service companies. The Firm generally pursues platform opportunities throughout the Midwest US but will consider add-on opportunities throughout North America. Prospective transaction situations include recapitalizations, management-led buyouts, and underperforming, but fundamentally solid companies. Squire Ridge Company was formed in 2013 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Louver Shop

Gainesville, Georgia, United States

Louver Shop is a provider of custom shutters and other window coverings throughout the Southeastern United States. The Company manufactures all of its products domestically in a 70,000 square foot plant in Dahlonega, GA, and produces more panels than any other domestic shutter company. Louver Shop was founded in 1972 and is based in Gainesville, Georgia.

Buy -
SELLER

JWI Capital

Twinsburg, Ohio, United States

Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

JWI Capital is a 'hands on' investment firm focused on microcap businesses operating in Northeast Ohio and neighboring regions. The Firm takes an operationally focused approach in actively managing and improving the growth of portfolio investments. JWI's ideal acquisition target has revenues of $5 to $50 million and EBITDA between $1 and $5 million. The Firm looks for opportunities in the defense, aerospace, energy, infrastructure, transportation and general industrial sectors. JWI Capital was formed in 2009 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 3
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ohio) 2 of 2
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 Enviroscience

Stow, Ohio, United States

Enviroscience provides biomonitoring, environmental compliance, restoration, and commercial diving services to federal, state, and municipal governments, the power industry, manufacturing, and private clients throughout the U.S. and Canada. Enviroscience was founded in 1988 and is based in Stow, Ohio.

Buy -
SELLER

Kirtland Capital Partners

Beachwood, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kirtland Capital Partners (KCP) is a private equity firm focused on acquiring mature businesses operating in the US or Canada. KCP looks to be the lead investor in control positions in companies with significant barriers to entry, stable cash flows, and a strong market position. Sectors of interest include niche manufacturing, distribution, and business-to-business service companies. Kirtland was formed in 1977 and is based in Beachwood, Ohio.


DEAL STATS #
Overall 22 of 23
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Ohio) 4 of 4
Country (United States) 22 of 23
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Chamber Media

American Fork, Utah, United States

Chamber Media is a full-service creative agency that develops compelling video ads for social media platforms. The company has a proven track record of helping emerging e-commerce customers scale through effective video campaigns that drive sales. Chamber’s model is differentiated by its in-house video production capabilities and proprietary database that contains information on successful video advertising campaigns, which together drive efficient ad creation and outsized Return on Ad Spend. The company serves a diverse customer base of well-known brands, including Potbelly, Skytech Gaming, Tuft & Needle, Slingshot, and Big Blanket Co. Chamber Media was founded in 2014 and is based in American Fork, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Form Tech Concrete Forms

Walled Lake, Michigan, United States

Form Tech Concrete Forms is a construction services company focused on providing concrete forming and shoring rental solutions and related accessories to concrete subcontractors and general contractors. Form Tech Concrete Forms was founded in 1994 and is based in Walled Lake, Michigan.

Sell -