Specialized Environmental Resources, LLC Has Been Acquired by Grey Mountain Partners
HOUSTON, January 20, 2015 - GulfStar Group ("GulfStar") is pleased to announce the sale of Specialized Environmental Resources, LLC ("SER" or the "Company") to an affiliate of Grey Mountain Partners. GulfStar served as the exclusive advisor to SER throughout the transaction, which closed on December 24, 2014.
SER is a leading service provider of geotechnical and environmental drilling, environmental remediation, amphibious excavation and marine transportation in logistically difficult marine environments. These areas include wetlands, swamps, bayous, rivers and other inland and near-shore bodies of water inaccessible to conventional drilling and excavation equipment. The Company, based in Carencro, LA, has provided these specialized services nationwide since its formation in 2004.
The GulfStar team included Managing Director Bryan Frederickson and Associate Ben Stanton. "We thoroughly enjoyed working with SER and its owners, Scotty and Valerie Broussard, to see this process through to a successful conclusion," Frederickson said. "They have built a unique business that should continue to expand as it accesses resources provided by the platform that Grey Mountain is assembling."
About Grey Mountain Partners
Grey Mountain Partners is a Boulder, CO-based private equity firm that focuses on partnering with management to create lasting value through operational improvements and organic and acquisition-based growth strategies. Grey Mountain invests at the small end of the middle-market in companies across a wide range of industries, manages approximately $700 million of assets, and is currently investing from its third fund, which was raised in 2013.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed approximately 600 transactions in 32 states and 10 foreign countries across a variety of industries.
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