M&A Deal Summary

Union Park Capital Acquires Spheros Environmental

On September 29, 2021, private equity firm Union Park Capital acquired environmental company Spheros Environmental

Acquisition Highlights
  • This is Union Park Capital’s 2nd transaction in the Environmental sector.
  • This is Union Park Capital’s 5th transaction in the United States.
  • This is Union Park Capital’s 1st transaction in California.

M&A Deal Summary

Date 2021-09-29
Target Spheros Environmental
Sector Environmental
Buyer(s) Union Park Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Spheros Environmental

Petaluma, California, United States
Spheros Environmental is a holding company creating a family of companies focused on environmental engineering and services. Environmental services are highly fragmented, with many niche providers focusing on only one region or service offering. Spheros is building a unified platform to support public and private sector clients across the life cycle of their needs, including regulatory consulting, advisory, response, measurement, and analysis. Spheros Environmental was formed in 2021 and is based in Petaluma, California.

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Buyer(S) 1

DESCRIPTION

Union Park Capital is a private equity firm focused exclusively on industrial technology companies. Target companies provide products and services that are utilized in technical, application specific industrial environments. Union Park will consider lower middle-market opportunities throughout North America and Europe, and generally looks for situations where it can commit $10 to $50 million per investment. Prospective transaction situations include family-held businesses, roll-overs of a portion of existing equity, acquisition financing, take-private transactions, management buyouts, recapitalizations, growth equity investments, and other businesses simply in need of successors. Union Park Capital was formed in 2012 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 6 of 9
Sector (Environmental) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 6 of 8
State (California) 1 of 1
Country (United States) 5 of 8
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Exaktera

Freiburg, Germany

​Exaktera was formed to create a family of companies focused on critical components that define the precision performance of OEMs. Its premium brands are used across a wide range of applications and end markets to enable continuously increasing demand for industrial automation and improvement in efficiency, productivity, and safety. Exaktera was formed in 2021 and is based in Freiburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 CFS Technologies

North Little Rock, Arkansas, United States

​CFS Technologies was formed to create a family of companies focused on dispensing equipment and cleaning solutions used in a wide variety of end markets. The high-quality connected products and data analytics software platform used in the most demanding and challenging environments, give companies increased visibility into their fluid dispensing operations, optimizing production and ensuring quality all while reducing costs. CFS Technologies was formed in 2021 and is based in North Little Rock, Arkansas.

Buy -