The Independence Group completes the sale of an ENVIRONMENTAL SERVICES COMPANY to an Investment Firm.
The Independence Group announced the completed acquisition of a California-based Environmental Services Company by Fernandez Holdings. The Independence Group played a key role in this high level transaction, bringing the opportunity to the table and successfully closing the deal to the satisfaction of both parties.
Fernandez Holdings is a long-term investment firm that acquires well-run, profitable companies in a variety of sustainable markets including technology and communications, manufacturing and design, industrial robotics and automation, distribution and more.
The Environmental Services firm is a premier provider in the environmental remediation market, serving clients throughout the U.S. with environmentally sensitive properties and in emergency situations, providing for the removal, containment, and clean-up of hazardous materials.
"We commend The Independence Group for their professionalism and commitment in steering this deal to completion," said Jeremy Johnson, Vice President of Fernandez Holdings. "This acquisition is exactly the kind we look for. It fit our criteria with regards to market position, management strength and the company's proven track record of superior customer service. IG understood our interests as well as the requirements of their client, and they worked diligently to bring our two companies together for the purpose of future growth and success."
Larry Willis, President of The Independence Group said, "The completion of this deal was extremely rewarding for us in terms of buyer and seller fulfillment. I have to give a huge amount of credit to Sam Bath, our consultant who worked directly with the seller throughout the process. This transaction was more difficult than most due to the fact that the company had nine shareholders and we had to bring them all to mutual agreement on the deal terms."
The Independence Group is a Mergers & Acquisitions firm specializing in acquisitions and exit strategies for companies with enterprise values ranging from $1 million to $50 million. IG also has expertise in assisting Private Equity Groups with acquisition searches. Since IG's inception in 1997, the company has assisted over 170 businesses with total enterprise value exceeding $500 million to establish and successfully implement an exit or acquisition strategy.
Financial details of the transaction were not disclosed.