Palladium Equity Partners, LLC announces that affiliates of the firm have acquired Superior Environmental Solutions (SES), a leading provider of environmental, industrial, emergency response, and product destruction services in the Midwestern and Southeastern United States. SES provides specialized industrial and environmental services, including emergency response, hydro-blasting, vacuum truck services, sponge blasting, product destruction, recycling and universal-waste management, transportation and waste disposal. The company’s more than 500 employees serve over 500 customers across end markets such as agriculture, food processing, metals, utilities and chemicals from more than 25 locations in Ohio, Indiana, Illinois, Michigan, Wisconsin, Iowa, California, Kentucky, Tennessee, and North Carolina.
“SES has established a strong reputation for service quality and reliability, exceptional technical expertise, and a partnership approach to supporting its customers, extending the useful life of their equipment and facilities while maintaining compliance with government and industry regulations,” said Scott Kirschner, Principal at Palladium Equity Partners. “We are looking forward to partnering with John Stevens, CEO of SES, and the entire SES team as they advance the company’s record of organic and inorganic growth as a leading provider of essential services across a highly fragmented market of customers, end-markets and geographies.”
“We are excited to begin the next chapter of growth with Palladium as we continue to focus on delivering best-in-class service to our customers. We believe that together, this partnership will enable us to further extend the breadth of our capabilities and geographic reach,” said Superior Environmental Solutions Chief Executive Officer, John Stevens. “As we welcome Palladium on board, we would like to extend our sincere appreciation to Rosewood Private Investments for their strong stewardship of SES over the past six years.”
“SES, led by a seasoned team, is an exceptional, growing and resilient business that fits well with Palladium’s investment model,” added Daniel Ilundain, Partner, Co-Head Flagship Funds at Palladium Equity Partners. “We look forward to working closely with SES as they continue execute their growth strategy in the industrial and environmental services market, which has been a target industry for Palladium.”