Applied-Cleveland announces acquisitions of Encompass and Perennial20 Feb 2018
CLEVELAND, OK; HOUSTON, TX – February 20, 2018 – Applied-Cleveland Holdings, Inc. (“Applied-Cleveland”), a leading provider of inspection and integrity management services for energy infrastructure assets in North America, today announced that it has completed the acquisitions of Encompass Energy Services, LLC (“Encompass”) and Perennial Environmental Services, LLC (“Perennial”). Applied-Cleveland is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy.
Encompass provides infrastructure surveying, drafting, GIS and right-of-way services, primarily for pipeline infrastructure operators across North America. Perennial provides environmental consulting and inspection services, primarily for pipeline infrastructure operators across North America.
Randy Byers, CEO of Applied-Cleveland, stated, “Applied-Cleveland has always been relentlessly focused on providing premier inspection services and we are excited to partner with who we view as the premier providers of survey and environmental services in our industry. We now can offer our customers enhanced capabilities through adjacent services and with the same culture dedicated to safety, integrity and customer service. Importantly, the talented management teams at both Encompass and Perennial will remain in place and we are delighted to welcome their entire employee base to the Applied-Cleveland family.”
Steve Wright and Jeremiah Horne, President and Senior Vice President, respectively, of Encompass, added, “Thanks to the tireless work of our employees and loyalty of our customers, Encompass has developed a national presence in the midstream industry since our founding in 2012. We believe this partnership will allow us to continue our growth trajectory and improve the quality and efficiency of our solutions for our customers. Importantly, we share similar values to the Applied-Cleveland team and look forward to becoming part of a larger platform with a shared vision.”
Dennis Woods and Dave Beckmeyer, Co-Presidents of Perennial, added, “Over the past 13 years, Perennial has been proud to partner with some of the largest oil and gas operators to help solve their most complex environmental permitting challenges. This transaction is an important milestone for Perennial, as it enables us to continue to service our customers as an independent provider of environmental consulting and advisory services as well as provide our employees with enhanced opportunities for growth and development. We are impressed with what Applied-Cleveland is building and we are honored to be part of this dynamic, forward thinking franchise.”
Financial details of the transactions were not disclosed. D.A. Davidson acted as exclusive financial advisor to Encompass and GulfStar Group acted as exclusive financial advisor to Perennial in these transactions.
Applied-Cleveland Holdings, Inc. provides third party inspection services for the maintenance of oil and natural gas transmission, distribution, midstream and gathering lines, and other critical infrastructure. Other infrastructure includes refinery, power plant, compressor and pump stations, and mechanical integrity projects. We provide the most experienced, qualified, and highest integrity technical and project management resources in the industry. Supplying timely, high quality, cost effective services in the safest manner is our top priority. We are providing services to over 100 active clients which includes supplemental training and DOT compliant operator qualification. A-C also offers complementary, specialized nondestructive and qualification services across the entire spectrum of the industry. For more information, please visit www.applied-cleveland.com.
Encompass provides preliminary, as-built and depth-of-cover surveying services as well as drafting, GIS and right-of-way services primarily for oil & gas pipeline infrastructure across North America. In its six year history, the company has served over 120 customers, many of which are the largest midstream owners in the country. Each client has their own set of expectations and standards by which they operate and it is our mission to collaborate in identifying and recognizing those needs in order to determine the best approach in providing innovative, cost effective, quality service. Extensive manpower resources, fourteen strategically located offices across North America, and our strategic partners allow us to service any of your project-based needs throughout the lower 48 States, Alaska and Canada. It is our primary goal to offer the highest level of service through the incorporation of new technology. For more information, please visit www.encompassservices.com.
At Perennial, we are a team of biologists, scientists, toxicologists, and environmental professionals with goals beyond mere permitting and compliance services. Our goal is to provide technical environmental solutions and management with fresh perspectives and unparalleled efficiency. We specialize in the preparation of environmental documents that comply with the National Environmental Policy Act (NEPA) and other federal, state, and local environmental laws and regulations. Perennial’s capabilities include complete surveys and evaluations for biological and physical resources, cultural resources, and other environmental studies and inspections essential to ensuring the environmental compliance on your projects and at your facilities. Above all, our hands-on accountability and expert attention to detail is our clients’ assurance that they are working with a full-service team that provides real solutions, not just advice. For more information, please visit www.perennialenv.com.