Halle Capital partners with environmental services exec to form True Environmental

• In 2018, Stamatis led Louis Berger’s sale to WSP, a publicly traded global professional services firm
• Halle Capital invests in in healthcare services and business/consumer services sectors

Halle Capital has teamed up with environmental services executive Jim Stamatis to launch True Environmental, a platform focused on the environmental consulting, testing, inspection, and certification industry. No financial terms were disclosed.

“We are thrilled to partner with Jim to form True Environmental,” said JP Gutfreund, a managing partner at Halle Capital, in a statement. “Jim has tremendous experience in the environmental industry. We believe the leadership qualities he has demonstrated throughout his career make him the right partner to help build a best-in-class player in a highly fragmented industry poised for continued growth. The environmental consulting industry benefits from durable secular tailwinds, including evolving regulation, climate change, aging infrastructure, and heightened awareness of environmental issues on the part of consumers, businesses, and policy makers, all of which provide for years of growth.”

Stamatis has over three decades of experience in the environmental industry. An environmental engineer by training, he started at professional services firm Louis Berger in 1985 and was appointed CEO of the company in 2015. In 2018, he led Louis Berger’s sale to WSP, a publicly traded global professional services firm.

Halle Capital invests in in healthcare services and business/consumer services sectors, including animal health, value-based care, and route-based service providers.