M&A Deal Summary

ASRC Industrial Services Acquires EQM Technologies & Energy

On July 1, 2019, ASRC Industrial Services acquired environmental company EQM Technologies & Energy from Argentum Capital Partners

Acquisition Highlights
  • This is ASRC Industrial Services’ 2nd transaction in the Environmental sector.
  • This is ASRC Industrial Services’ 11th transaction in the United States.
  • This is ASRC Industrial Services’ 1st transaction in Ohio.

M&A Deal Summary
Date 2019-07-01
Target EQM Technologies & Energy
Sector Environmental
Buyer(s) ASRC Industrial Services
Sellers(s) Argentum Capital Partners
Deal Type Add-on Acquisition
Advisor(s) FMI Capital Advisors (Financial)

Target

EQM Technologies & Energy

Cincinnati, Ohio, United States
Environmental Quality Management, Inc. is a provider of environmental services (remediation & construction and consulting & engineering) to various agencies of the US Federal government, to state and local governments and to major industrial companies in the private sector. EQM operates primarily under long-term multi-year enabling contracts, with the majority of its business with the Federal government (EPA, Air Force, and Army Corps of Engineers), primarily on a ?time and material? or ?cost-plus? basis.

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Buyer(S) 1

Buyer

ASRC Industrial Services

Concord, California, United States
Category Company
Founded 2017
Sector Business Services
Employees1,500
DESCRIPTION

ASRC Industrial Services is a provider of industrial and environmental services throughout the continental United States. AIS is organized within three capability based operating groups: construction, maintenance and repair; remediation and response services; and environmental engineering and professional services.

DEAL STATS #
Overall 11 of 12
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 11 of 12
State (Ohio) 1 of 1
Country (United States) 11 of 12
Year (2019) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Niles Construction Services

Flint, Michigan, United States

Niles Construction Services is a provider of painting and coatings services with a similar geographic footprint. Niles Construction Services was founded in 2003 and is based in Flint, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Northwest Demolition and Dismantling

Tigard, Oregon, United States

Northwest Demolition and Dismantling is a provider of demolition, decommissioning, environmental remediation, and consulting services. NWDD serves a variety of end markets, including the industrial sector (mining and metals, oil and gas, nuclear), government and military, health care, and commercial entities. Northwest Demolition and Dismantling was founded in 1954 and is based in Tigard, Oregon.

Buy -

Seller(S) 1

SELLER

Argentum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argentum Capital Partners is a private equity firm focused on investing in small to mid-sized companies with proven business models and the ability to become market leaders. Prospective transaction situations include growth capital financing, management buyouts, platform acquisitions, and recapitalization. The firm typically takes minority positions, except in the case of management buyouts. Industry sectors of interest include business services, healthcare, and technology. Argentum generally prefers opportunities located in the Eastern US, but will consider companies across the US. Argentum Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 34 of 44
Sector (Environmental) 3 of 3
Type (Add-on Acquisition) 23 of 31
State (Ohio) 1 of 2
Country (United States) 32 of 42
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 Chrome River Technologies

Los Angeles, California, United States

Chrome River Technologies, Inc. is a provider of online expense reporting and automated invoice processing software. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. Chrome River Technologies was established in 2007 and is based in Los Angeles, California.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 Cegal

Sandnes, Norway

Cegal is a provider of IT services to the global oil and gas industry. The Company offers Cloud services, application management, advisory services, consulting services, and sale of hardware and software to more than 200 customers and more than 14,000 users around the world. Cegal was established in 2000 and is based in Sandnes, Norway.

Buy -
Mergr

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