EnviroServe expands national reach with acquisition of CG Environmental
EnviroServe Inc., a leading national provider of environmental and waste management services and a portfolio entity of One Rock Capital Partners, LLC, has significantly enhanced its operational footprint by acquiring CG Environmental. This acquisition integrates CG Environmental’s seven locations into EnviroServe‘s existing network, expanding its total number of operations to 45 across the United States.
Strategic Acquisition for Enhanced Capabilities and Reach
Headquartered in Fort Worth, Texas, CG Environmental is renowned for its specialty in environmental remediation, emergency response, and waste management services, predominantly serving Texas, Colorado, Oklahoma, Missouri, and nearby regions. The company has built a robust reputation for delivering high-quality, reliable service and for effectively addressing complex environmental challenges. It is particularly noted for its innovative use of proprietary equipment, such as the “Annihilator” technology, which significantly enhances the efficiency of cleaning up spills on pavements compared to traditional methods.
Nathan Savage, CEO of EnviroServe, expressed enthusiasm about the integration: “We are excited to welcome CG Environmental’s customers and team members to EnviroServe. We look forward to combining CG Environmental’s advanced technical knowledge and local market know-how with EnviroServe’s comprehensive service offerings.” He emphasized the strategic alignment, adding, “As we seek to expand our national reach and suite of essential environmental solutions, CG Environmental brings a team whose extensive industry experience and commitment to customer service, safety, and efficiency will help accelerate our long-term growth objectives.”
Complementary Strengths and Future Outlook
Andy Shackett, One Rock Operating Partner, highlighted the complementary nature of the two businesses. “The two businesses are highly complementary, particularly in terms of geographic and service offerings, and we believe this partnership will provide key resources to further EnviroServe’s mission of assisting our customers in overcoming environmental challenges, mitigating risk, and driving sustainability,” he stated.
Impact on the Environmental Services Industry
This acquisition not only strengthens EnviroServe’s position as a leader in the environmental services sector but also broadens its ability to offer a more diversified range of solutions to its customers. By incorporating CG Environmental’s specialized skills and proprietary technologies, EnviroServe is better positioned to tackle a broader spectrum of environmental issues, enhancing its service quality and efficiency across multiple states.
The strategic acquisition of CG Environmental by EnviroServe Inc. marks a significant step in consolidating their market leadership and expanding their service capabilities. This merger is expected to yield considerable synergies, driving both operational efficiencies and competitive advantage in the environmental services market.
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