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 leading investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. Our investment banking advisory and valuation services are built on comprehensive industry knowledge, extensive transaction experience, senior-level attention to every client engagement, and a real-time understanding of industry-specific value drivers. By partnering with clients and providing strategic advice through every phase of a company’s development, The McLean Group is uniquely positioned to support our clients’ long-term success.
The McLean Group’s Water, Wastewater and Environmental (WWE) industry group focuses on advising businesses that provide a broad spectrum of solutions, components and services to the expansive and diverse water and wastewater sectors on a global basis. Our team leaders have executive-level water industry operating, and transactional and strategic advisory experience at preeminent global water and wastewater companies and investment banks respectively.