ATC Group Services, a portfolio company of Bernhard Capital Partners, has acquired Dexter Field Services. Bernhard and a group of co-investors acquired ATC in November 2015 from Cardno Limited, a Brisbane, Australia-based infrastructure and environmental services company.
Dexter Field Services is a provider of leak detection and repair, monitoring, and other technical environmental services to a range of industrial companies. The specific activities of the company include environmental monitoring and analysis of piping components, cooling towers, wastewater drain systems, groundwater wells, and storage tanks. Dexter, founded in 2005, has approximately 150 employees and is headquartered in Austin (www.dexterfs.com).
With the closing of the transaction, the company has been renamed Dexter ATC Field Services and will continue to be led by its current CEO, Brett Kriley. “ATC is one of the leading multi-disciplinary environmental firms, and we look forward to joining their team. Dexter has achieved strong growth since its founding in 2005 and under ATC’s ownership, I am confident that we will continue to deliver the best-in-class leak detection, repair and environmental services to our clients.”
ATC provides environmental consulting, industrial hygiene, geotechnical engineering, government services and construction-materials testing and special inspection. The company has 70 locations throughout the United States and employs more than 1,350. ATC was founded in 1982 and is headquartered west of Baton Rouge in Lafayette, LA (www.atcgroupservices.com).
“Dexter’s track record, industry experience and well-respected brand name will support ATC’s work within the industrial and oil and gas markets,” said Bobby Toups, ATC’s Chief Executive Officer.
The buy of Dexter follows ATC’s add-on acquisition of Sage Environmental Consulting which closed earlier this week. “The addition of Dexter, combined with our recent acquisition of Sage Environmental Consulting, positions ATC to grow through an increasingly broad portfolio of environmental services,” said Mr. Toups.
Sage Environmental provides environmental engineering and technical consulting services focused primarily on air quality, due diligence and emission reduction credit consulting. The company is headquartered in Austin (www.sageenvironmental.com).
Bernhard Capital Partners is an energy services-focused private equity firm established in 2013 by Jim Bernhard and Jeff Jenkins. The firm is headquartered in Baton Rouge (www.bernhardcapital.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-15-16
