Get inside Wall Avenue with StreetInsider Premium. Declare your 1-week free trial here.
CLEVELAND & DALLAS–(BUSINESS WIRE)–
Align Capital Companions’ (“ACP”) environmental providers platform Alliance Holdings, LLC (“Alliance” or the “Firm”) has acquired the US-based Emissions Monitoring enterprise unit (“EM”) of Bureau Veritas (“BV”). The EM enterprise, which can now be referred to as Alliance Emissions Monitoring, LLC (“AEM”), supplies compliance-driven leak detection and restore (LDAR) providers and emissions information administration to allow clients all through North America to fulfill state and federal regulatory necessities.
The formation of AEM is a vital progress funding for Alliance because the Firm continues to broaden its geographic presence and provide new complementary providers to its best-in-class supply emissions testing group. “The chance to associate with EM’s skilled management, managers and technical group members expands our core competencies, deepens Alliance buyer relationships and supplies a strong platform for future progress,” stated Alliance CEO Chris LeMay.
John Belus, who’s becoming a member of from BV as AEM’s Chief Working Officer, stated “The partnership with Alliance creates a mixture of emissions testing and monitoring providers that’s unmatched within the ; collectively we are going to leverage expertise and repair in a method that can improve compliance and scale back danger for any in want of each LDAR and stack testing providers.”
The mixture creates a nationwide footprint of 17 places of work and over 300 workers with the technical experience to serve a various vary of finish markets. This acquisition represents Alliance’s fifth add-on since 2015 and its second company carve-out of 2020, after buying METCO from Eurofins in February of this yr. Alliance will proceed to judge extra acquisition targets for its rising platform.
“The mixture of Alliance Supply Testing and AEM solidifies Alliance as the most important testing firm 100% centered on air emissions,” stated ACP Managing Accomplice Rob Langley. “ACP is happy to assist Alliance’s strategic progress because the Firm continues to supply the very best high quality service to its clients by way of the Alliance Benefit by having industry-leading individuals, processes and expertise.”
Working Accomplice Dave Perotti, Principal Jack Parks and Senior Affiliate Corey Roe labored alongside Mr. Langley on the transaction.
Headquartered in Decatur, AL, Alliance is the main supplier of air emissions testing and monitoring options to clients all through america. With experience in a wide range of finish markets, Alliance is uniquely certified to supply clients with the very best high quality testing options accessible to fulfill air compliance and danger discount objectives. For extra data, please go to www.stacktest.com or www.alliance-em.com.
About Align Capital Companions
Align Capital Companions is a growth-oriented non-public fairness agency that companions with enterprise house owners and administration groups to create shared success. ACP manages $775 million in dedicated capital with funding groups in Cleveland and Dallas. ACP brings expertise and assets to assist lower-middle market firms speed up their progress, to the advantage of administration, workers, and the agency’s buyers. ACP makes management investments in differentiated firms throughout the enterprise providers, expertise, specialty manufacturing / distribution, and healthcare sectors. For extra data, go to www.aligncp.com.
Supply: Align Capital Companions