PSC is a leading national provider of industrial cleaning and environmentally sensitive services to America’s energy infrastructure with more than 2,300 employees across 90 locations. The acquisition adds regional facility based water treatment to existing mobile capabilities, giving PSC’s customers critical flexibility to meet treatment and recycling requirements.
“The McLean Group played a crucial role in keeping this deal on track. Their transaction expertise and knowledge of the industry was heavily relied upon throughout this process and instrumental to the deal closing,” said Jim Webb, CEO of Seaport.
The acquisition underscores a few key trends within the industrial wastewater services segment:
- Continued consolidation of wastewater service providers by national firms to provide better responsiveness and regional presence to their customers.
- Broadening of product and service capabilities by service firms to provide improved single point customer service.
- Outsourcing wastewater treatment to safe, reliable, and regulatory compliant third-party service providers continues to climb across industrial end-users.