Deal Announcement – Environmental Restoration LLC

R.L. Hulett (“RLH”) is pleased to announce that its client, Environmental Restoration LLC (“ER”), has been acquired by the Environmental Restoration Employee Stock Ownership Plan in an ESOP buyout. In this transaction, RLH acted as co-advisor with ButcherJoseph.

About ER

Founded in St. Louis, Missouri in 1997, ER has grown to be the leading national provider of environmental emergency response and remediation services to the USEPA with coverage spanning over 43 states.  Additionally, ER provides emergency remediation and rapid response services to the U.S. Army Corps of Engineers as well as a number of commercial and industrial customers.  Several members of the ER ownership group were seeking liquidity and retirement and this ESOP transaction enabled these owners to monetize their investment but also afford the employees with a way to become owners themselves and help secure the long-term continuity of the business.  Upon closing the transaction, CEO and co-founder, Dennis Greaney said “We are excited for the team at Environmental Restoration who played a vital role in getting the company where it is today and we look forward to the next chapter of growth.”

RLH

R.L. Hulett & Company is a boutique investment bank in St. Louis, Missouri, providing sell-side and buy-side M&A advisory services to the middle market since 1981. In this transaction, RLH advised the Seller and facilitated the transaction process by helping ownership evaluate strategic alternatives from a sale/control buyout standpoint.  This enabled ER ownership to compare transaction dynamics and economics of a sale/control buyout with an ESOP alternative.  RLH assisted ButcherJoseph in the ESOP transaction process by sharing marketing materials, financial models and insights gained in the sale process.