Halle Capital-backed True Environmental Announces Acquisition of Sphere 3 Environmental, Inc.
2024年6月18日 - 6:14AM
ビジネスワイヤ(英語)
Sphere 3 Environmental, Inc. ("Sphere 3"), a full-service
environmental consulting firm, today announced that it has joined
True Environmental, Inc. ("True"), a platform focused on
collaborating with founder and employee-owned environmental
consulting and engineering firms to provide capital and management
support solutions to accelerate growth and facilitate seamless
ownership transitions. The union further enhances True's mission of
building a best-in-class environmental consulting and engineering
platform.
The founder of Sphere 3, Gayle Kirkland, expressed her
enthusiasm for the company’s partnership with True Environmental,
stating, “Today marks a significant milestone in Sphere 3’s
continued evolution. This partnership aims to invest in Sphere 3's
talented and dedicated team of professionals and aligns perfectly
with our commitment to delivering exceptional value to our clients
while complementing and expanding our service offerings with the
additional resources, capabilities, and scale of the True platform.
True Environmental is a group that shares Sphere 3's values,
respects our culture, and is committed to supporting our
clients.”
Adam Black, Sphere 3’s new President, added, “This partnership
provides a tremendous opportunity to build on the recognized
achievements of our team. True Environmental’s expertise and suite
of capabilities will greatly strengthen our service offerings and
resources available to clients. By investing in our people and
partnering with a group that shares our values, Sphere 3 is
well-positioned to continue evolving and better serving our
clients’ needs.”
"Sphere 3 has established an excellent company that focuses on
engaging its employees and providing exceptional client service to
private and public sectors. We are excited to collaborate with
Gayle, Adam and Sphere 3’s management, including discipline leaders
Crissy Forrest, Clint Scurlock, and Kerri Smith, along with the
entire Sphere 3 team, to consistently deliver best-in-class
solutions that address their clients' intricate environmental
problems," said Jim Stamatis, CEO of True Environmental.
About True Environmental
True Environmental ("True"), backed by Halle Capital, is a
platform focused on building a consulting and engineering
organization for environmental end markets. True Environmental is
led by Jim Stamatis, former CEO of Louis Berger and 30-plus-year
industry veteran. True seeks to partner with founder- and
employee-owned consulting and engineering firms, providing capital
solutions to accelerate growth and liquidity events for ownership
transition.
About Sphere 3
Environmental
Founded in 2002, Sphere 3 Environmental provides environmental
consulting services to a diverse client base, including Fortune 500
companies and government, commercial, and industrial clients.
Sphere 3 is a multidisciplinary organization that provides a
diverse range of services to its clients. The company’s wide range
of expertise enables them to deliver high-quality services that
meet each client's unique needs.
About Halle Capital
Halle Capital is a lower-middle market, growth-oriented private
equity firm based in New York. The firm leverages its
professionals' experience and network to pursue investment
opportunities in healthcare services and business/consumer
services. The firm partners with experienced management teams to
build businesses in highly fragmented markets with durable secular
tailwinds.
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Mike Geller Prosek Partners mgeller@prosek.com