Superior Environmental Solutions Acquires American Remediation & Environmental to Expand in Southeast
Deal News | Jan 21, 2025 | Palladium Equity Partners LLC
Superior Environmental Solutions (SES), backed by Palladium Equity Partners, has acquired American Remediation & Environmental, Inc., in its largest acquisition to date. This strategic purchase expands SES's operations into Alabama, Mississippi, and Louisiana, enhancing their presence in the Southeast. Founded in 2003 and based in Mobile, Alabama, American Environmental provides mission-critical industrial and environmental services and operates in specialized markets such as chemical and steel industries. The acquisition brings together SES's wide range of environmental and industrial services with American Environmental's robotic tank cleaning capabilities, increasing SES's operational footprint to over 44 locations across 13 states. Palladium Equity Partners sees this as a move that bolsters SES's ability to serve over 1,400 customers more effectively, particularly in the Southeastern US market. While financial details remain undisclosed, the transaction illustrates Palladium's strategic investment in founder-led businesses with strong growth potential.
Sectors
- Environmental Services
- Private Equity
- Industrial Services
Geography
- United States – Both SES and American Environmental operate in the United States, and the acquisition expands SES's operations further into this country, particularly the Southeastern states.
Industry
- Environmental Services – The article discusses the expansion of SES's environmental service offerings through the acquisition of American Environmental.
- Private Equity – Palladium Equity Partners, a private equity firm, financially backs SES in its acquisition of American Environmental.
- Industrial Services – SES provides industrial services, and the acquisition adds to its capabilities in this sector.
Financials
- Undisclosed – Financial terms of the transaction between SES and American Environmental were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Superior Environmental Solutions (SES) | Acquiring Company | Company | SES is a provider of environmental and industrial services with operations across the Midwest and Southeast. |
| American Remediation & Environmental, Inc. | Target Company | Company | American Environmental is a provider of industrial and environmental services, offering specialized support in markets like chemicals and steel. |
| Palladium Equity Partners, LLC | Private Equity Firm | Company | Palladium is the private equity sponsor backing SES's acquisition efforts. |
| OMelveny & Myers LLP | Legal Advisor | Company | Served as the legal advisor to SES for the acquisition. |
| Cadence M&A Advisors | Financial Advisor | Company | Advised American Remediation & Environmental, Inc. in the transaction. |
| John Stevens | Chief Executive Officer of SES | Person | Commented on the strategic benefits and integration plans of the acquisition. |
| Hunter George | President and Founder of American Environmental | Person | Expressed enthusiasm for the partnership with SES and Palladium. |
| Scott Kirschner | Principal at Palladium Equity Partners | Person | Provided insights on the strategic importance of the acquisition for SES. |
| Daniel Ilundain | President of Palladium | Person | Commented on the alignment of the acquisition with Palladium's investment strategy. |