Investment Summary

G.L.Ohrstrom & Co. and Brookside Equity Partners Exits Seal Industries

On January 4, 2017, PSC Environmental Services invested in business services company Seal Industries from G.L.Ohrstrom & Co. and Brookside Equity Partners

Investment Highlights
  • This is PSC Environmental Services’ 1st transaction in the Business Services sector.
  • This is PSC Environmental Services’ 1st transaction in the United States.
  • This is PSC Environmental Services’ 1st transaction in Texas.

Investment Summary

Date 2017-01-04
Target Seal Industries
Sector Business Services
Investor(s) PSC Environmental Services
Sellers(s) G.L.Ohrstrom & Co.
Brookside Equity Partners
Deal Type Add-on Acquisition

Target

Seal Industries

Spring, Texas, United States
Seal Industries, Inc. is a provider of technical repair and compliance services to the refinery, petrochemical and utility markets.

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Investor(S) 1

Investor

PSC Environmental Services

Houston, Texas, United States

Category Company
Founded 1991
Sector Environmental
DESCRIPTION

PSC Environmental Services LLC a provider of industrial cleaning, hazardous waste management and reverse logistics services in the United States. Over its 40 year history, PSC, LLC has built a reputation for integrity, safety and environmental compliance, technological innovation and high quality customer service.  With a nationwide network of locations supported by more than 3,500 employees, PSC, LLC services the retail, refining, petrochemical, utility, pulp and paper, academic, and pharmaceutical industries.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 2

SELLER

G.L.Ohrstrom & Co.

New York, New York, United States

Category Private Equity Firm
Founded 1926
Size Small
Type Sector Agnostic
DESCRIPTION

G.L. Ohrstrom & Co. Inc. (GLO) is an investment firm focused on private equity investments in companies that manufacture a wide range of engineered products. GLO specifically targets manufacturers that serve the industrial, energy, aerospace, medical, and consumer markets. GLO will only consider control investments and prospective companies should be located within the US and Canada. GLO will not invest in real estate, restaurants, retail, telecommunications, or financial services. Prospective transaction situations include recapitalizations, growth capital, and buyouts. GLO was formed in 1926 and has offices in New York City and Atlanta, Georgia.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-09 Seal Industries

Spring, Texas, United States

Seal Industries, Inc. is a provider of technical repair and compliance services to the refinery, petrochemical and utility markets.

Buy -
SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 23 of 29
Sector: Business Services M&A 5 of 7
Type: Add-on Acquisition M&A Deals 7 of 8
State: Texas M&A 3 of 3
Country: United States M&A 23 of 29
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 MarketCast

Culver City, California, United States

MarketCast is a provider of marketing research services and data analytics for the global entertainment industry. Through a variety of services backed by rigorously scientific quantitative and qualitative research methods, MarketCast works in collaboration with marketers and researchers across the entertainment spectrum in the development and execution of their marketing strategies, from early concept exploration through distribution. MarketCast services are available worldwide, and include materials testing (trailers, TV spots, print ads, etc.), concept and positioning studies, exit polls, recruited audience screenings, tracking studies, and focus groups, as well as a host of custom offerings including brand/franchise studies, post-release studies, and attitudes and usage studies. MarketCast was founded in 1987 and is based in Culver City, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 SummitReheis

Huguenot, New York, United States

SummitReheis is a high quality, high margin specialty chemicals platform that produces a range of critical active ingredients and materials tailored for use in personal care, pharmaceutical and dental products. SummitReheis' anti-perspirant actives business (more than 60 per cent. of its sales) is the global leader in the manufacture and sale of active ingredients for anti-perspirants and has long standing relationships with key consumer product companies across the Americas, Europe and Asia.

Sell $360M