Date
03.28.19
ÖŠĪÄAVā OMNI Environmental Solutions Completes Acquisition of Force Environmental Solutions
Transformational Acquisition expands OMNIās market-leading position as comprehensive provider of cost-effective environmental solutions
NEW YORK ā March 28, 2019 ā ÖŠĪÄAV (āOEPā), a leading middle market private equity firm, today announced that its portfolio company, OMNI Environmental Solutions (āOMNIā), a provider of cost-effective environmental services to energy producers in the U.S., has completed the acquisition of Force Environmental Solutions, LLC (āForceā or āthe Companyā). Financial terms of the private transaction were not disclosed.
Headquartered in Indiana, Pa., Force is an independent provider of environmental equipment, transportation and services to energy producers in the northeast U.S. The Company, formerly known as Force Inc., employs 250 workers who provide turnkey services to gas and oil exploration and production companies in the Marcellus and Utica Shale regions.
āForce has built a solid reputation for providing reliable, solutions-driven expertise to customers across Pennsylvania, Ohio and West Virginia,ā said OMNI CEO Courtney Brackin. āWe are thrilled to incorporate Forceās talent, vision, and proficiency into OMNIās suite of specialized environmental solutions operations. We look forward to continuing to build innovative solutions together.ā
Force will continue to operate as an OMNI-owned and operated company, under the brand name Force Environmental Solutions. OMNI and its operating brands have been providing safe, cost-effective waste, water, cleaning, disposal and related solutions to oil and gas operators for more than 30 years.
āThis acquisition reflects OEPās ability to partner closely with OMNIās management team and identify growth opportunities,ā said OEP Senior Managing Director J.B. Cherry. āTogether, we have charted an ambitious plan to identify compelling and complementary businesses to acquire and expand OMNIās operations into geographically important regions. OMNIās strengths as an established, well-capitalized provider of comprehensive environment solutions will position Force for continued growth and success.ā
āOMNIās operating brands have a track record of safety, innovation and service excellence,ā Force General Manager Bryan Force said. āWe believe that we share complementary cultures, values, and an entrepreneurial spirit. We are elated to be part of OMNI and look forward to enhancing our ability to deliver customer-focused integrated environmental solutions to a growing customer base.ā
OEP acquired OMNI, formerly known as Gibson U.S. Environmental Services, through a corporate carve-out transaction from Gibson Energy Inc. in July 2018.
About ÖŠĪÄAV
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit .
About OMNI Environmental Solutions
OMNI is a leading provider of comprehensive environmental waste, water management and logistics solutions in all major U.S. energy plays. For more information, please visit .
Press contact for ÖŠĪÄAV:
Kelly Holman
Stanton
646-502-3509
KHolman@StantonPRM.com