Transacations

The McLean Group Advises Seaport Environmental on its Sale to PSC Industrial Outsourcing, LP
Transaction Announcement

The McLean Group is pleased to announce that we provided advisory services on this completed engagement.

Recent Engagements
See more transactions
Slider

The McLean Group Advises Seaport Environmental on its Sale to PSC Industrial Outsourcing, LP

MCLEAN, VA – March 23, 2017 –  PSC Industrial Outsourcing, LP (PSC), acquired Redwood City, CA-based non-hazardous water recycling facility Seaport Environmental (Seaport) on February 17, 2017.  The McLean Group’s Water, Wastewater and Environmental (WWE) group served as the exclusive transaction advisor to Seaport.

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.

ABOUT THE MCLEAN GROUP

The McLean Group is a 25 year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure and Maritime markets. The firm’s 60+ professionals bring deep industry experience and relentless execution to every client engagement. TMG provides solutions that blend financial creativity with operational expertise. Whether The Firm is providing transaction advisory, valuation opinions or growth capital, its services are unmatched in these core markets.

Seaport Environmental Sale to PSC Industrial Outsourcing, LP
The McLean Group