Evergreen Industrial Services

Evergreen Industrial Services (“Evergreen”) is a leading provider of technically-driven environmental and industrial cleaning solutions to the downstream and midstream energy sectors. Evergreen is a compelling asset offering a focused suite of complementary solutions, including complex, specialty services tailored to meet regulatory and compliance-driven demands, as well as base services that address the recurring maintenance requirements and perpetual operating needs of its customers. The company has established a coveted leadership position in the Gulf Coast and West Coast markets and was rapidly ascending as the leading national platform serving blue-chip asset owners and operators.

a portfolio company of

has been acquired by

Industrial & Environmental Services

Situation

Platform Partners and Evergreen management retained BlackArch to realize a return on their investment and identify a new partner to further expand Evergreen’s purpose-built platform and support the company’s ongoing commitment to safety, execution and customer service. BlackArch was selected due to the firm’s significant expertise and experience in the energy and industrial services sectors.

BlackArch’s Customized Solution

BlackArch designed a highly tailored marketing process that targeted a select group of strategic acquirors. To capitalize on the company’s key differentiators and the outsized growth potential of the Evergreen platform, BlackArch ran a high-touch transaction process focused on the most compelling and aggressive strategic buyers. This highly competitive process resulted in attractive bids and numerous options for Evergreen’s shareholders.

Outcome

Evergreen was acquired by The Sterling Group, a private equity firm focused on acquiring controlling interests in basic manufacturing, distribution and industrial services companies.

Industries:

Energy & Industrial Services

Location:

La Porte, TX

Transaction type:

Sellside Advisory