L2 Capital Partners has acquired Forest Hill, Maryland-based Ecotone, a provider of ecological restoration-focused design, engineering and construction services in the Mid-Atlantic. No financial terms were disclosed.
DEVON, PENNSYLVANIA – July 7, 2021 – L2 Capital Partners, L.P. is pleased to announce the acquisition of Ecotone, Inc. (“Ecotone” or the “Company”), a leading provider of ecological restoration-focused design, engineering, and construction services in the Mid-Atlantic.
Headquartered in Forest Hill, Maryland, with more than 70 employees, Ecotone is a provider of ecological design and restoration services in the United States. The Company provides a broad suite of services that solve the most challenging ecological problems for its longstanding federal, state, local and private customers. Since its inception in 1998, Ecotone has restored more than 33 miles of streams and riverine environments, and 1,250 acres of wetlands and habitats, and enables its customers to comply with federal, state and local laws, including the Environmental Protection Agency’s Clean Water Act and Total Maximum Daily Load plans to significantly reduce the volume of pollution flowing into major bodies of water. In addition to its restoration services, the Company also provides mitigation banking and storm water management solutions. Ecotone is nationally recognized for its approach that enables nature to restore nature.
Scott McGill, Founder and CEO of Ecotone said, “For over 22 years, Ecotone has delivered the highest-quality ecological design and restoration services in the Mid-Atlantic region, primarily within the Chesapeake Bay watershed. Ecotone’s philosophy of “Think Like a Mountain” embodies assessing the interconnectedness of our world’s flora, fauna, soils, water, and human life with a long-term view of environmental restoration.
This philosophy transcends economics and is practiced by the Company in its operations, employee relations, and customer relationships, resulting in highly functional, resilient, and sustainable outcomes for the environment. When I decided to seek out a capital partner, I was particularly interested in an organization that not only believed in the overall vision for the Company but also showed a passion for helping Ecotone reach a new level of success. The team at L2 was truly differentiated in terms of their industry knowledge, creativity, and collegial approach, which highly resonated at all levels of our organization. Together, Ecotone and L2 now have the opportunity to accelerate the growth of the Company and the positive outcomes we provide to our clients and communities we serve.”
Connor McMahan, Partner at L2 Capital added, “L2 has significant experience in the environmental services sector and is very excited to partner with Scott McGill and the entire Ecotone team. The Company’s capabilities solve some of our society’s most sensitive ecological problems, and the Company’s core values strongly align with those of L2.”
Lorin Wolfe, Partner and Chief Operating Officer of L2 Capital, said, “Ecotone is well positioned to continue its evolution as a leading environmental restoration services provider. L2 Capital’s depth of experience in the sector, its passion for Environmental, Social, and Governance and positive purpose businesses, and its partnership-based approach will help the company achieve outsized levels of growth. I’m delighted to have the opportunity to work closely with the entire Ecotone team to advance their mission of being the most trusted brand in the space.”
About L2 Capital Partners: L2 Capital Partners is a lower-middle-market private equity firm that specializes in making control investments in a diverse range of family and founder-built companies with demonstrated market leadership. L2 has an impressive track record investing in business service and consumer product companies. L2 Capital adds value by closely partnering with company leadership to meet their strategic and financial goals by providing intimate operational support including a proprietary breakthrough growth framework and by accessing resources gained over 40 years of principal investing experience. For more information about L2 Capital, please visit www.L2Capital.net or for media inquiries contact (610) 922-4030.