PE-backed Prism buys Copper Environmental Consulting

Prism Spectrum Holdings LLC, which is backed by White Oak, has acquired Montana-based Copper Environmental Consulting Inc, an environmental consulting, engineering and project management firm. No financial terms were disclosed.

PRESS RELEASE

PITTSBURGH, PA. (PRWEB) AUGUST 22, 2018

PRISM Spectrum Holdings, LLC (PRISM), an environmental remediation and demolition contractor based in Pittsburgh, PA, announced today that it has acquired Copper Environmental Consulting, Inc. (http://www.copperenv.com), an environmental consulting, engineering, and project management firm based in Montana.

Founded in 2006, Copper Environmental grew to 40 staff in 12 years. The multi-disciplinary staff includes environmental engineers, chemical engineers, civil engineers, petroleum engineers, geologists, hydrogeologists, and geochemists. Copper Environmental grew its business by offering highly technical specialists who deliver rigorous standards for environmental site investigation, civil engineering design, water resource management, water treatment design, water treatment operations, project management, regulatory compliancej assurance, and construction quality assurance.

“Copper Environmental’s history is similar to ours, a company that is an expert in its field, has a safety-first culture, and has grown organically through repeat business and customer referrals,” states PRISM CEO Shawn P Regan. “Copper’s expertise in remedial design and project consulting will help us diversify and compound our core service offerings, giving our customers a contractor with increased capacity, environmental and project management expertise, and service scope.”

Copper Environmental will add to Prism’s capabilities with technical expertise and engineering services that will be incorporated through all of its services. This, combined with PRISM’s existing operational and project execution expertise, offering their customers a full in-house engineering, remedial contracting, and demolition firm.

“We built Copper by providing expertise which continuously improved our customers’ projects through optimal design, quality technical analysis, reduced safety and compliance risks, and efficient project management,” says Dave McCarthy, founder of Copper Environmental. “PRISM’s robust technical knowledge and proven operational approach gives Copper an operational and project execution capacity that we have not had previously. Combining with PRISM provides additional depth of resources, fits with our core growth strategies, and aligns our engineering and technical expertise into a company that will provide impeccable operational execution.”

The acquisition of Copper Environmental is part of a strategic expansion by PRISM, supported by its investor group to increase its geographical reach, client diversity and breadth of capabilities and solutions it can provide to clients across a broad set of industries including manufacturing, healthcare, real estate development, mining, oil and gas, chemical, utilities, education and government agencies. The investor group is led by the Atlanta, Georgia-based private equity management firm The White Oak Group. “We are excited about the combination of Prism and Copper and resulting capabilities it affords clients in the markets we serve. Both companies share a common ‘customer-first’ culture while focused on providing a great work environment for their employees” says Chris Melton, founder and CEO of the White Oak Group.

About The White Oak Group
White Oak is an Atlanta-based private equity management firm focused on making investments in lower middle market, IP-rich businesses primed for growth. With a successful record built on industry expertise and partnerships with exceptional management teams, White Oak invests in Aerospace and Defense, Environmental, and Information Technology companies. For more information, please visit http://www.thewhiteoakgroup.com.

About PRISM.
PRISM is a specialty contractor performing asbestos abatement, interior demolition, mold remediation, and disaster restoration. PRISM’s management team consists of individuals each with over 30 years’ experience in the industry and a successful track record of completing thousands of projects throughout the United States. Project experience spans all market segments including commercial, industrial, manufacturing, and state and federal government. Learn more at http://www.prismresponse.com.

August Spark has made a majority investment in San Diego-based BVAccel, a design, development and marketing agency. No financial terms were disclosed.
PRESS RELEASE
SAN DIEGO (PRWEB) AUGUST 22, 2018
BVAccel, one of the largest and fastest growing Shopify Plus agencies, announced today that it has taken a majority investment from August Spark, a New York-based family office. August Spark founders, Michael Cassidy and Stephen Wall, will join BVAccel’s Board of Directors as part of the transaction.
BVAccel, which launched in 2013, boasts a successful track-record of scaling innovative brands, such as MVMT Watches, RedBull, Rebecca Minkoff, Tommy John, Chubbies, Untuckit, and Boll & Branch. As one of the pioneer Shopify Plus agency partners, BVAccel has designed, developed, and optimized many cutting-edge digital storefronts. Customers also leverage BVAccel’s marketing services due to their unique understanding of the customer journey and ability to drive decision-making through data. This combination of eCommerce, design, and marketing expertise creates a unique offering for high-growth, high-volume brands looking to serve consumers across multiple channels and devices. BVAccel has been recognized as a member of the Inc. 5000 fastest growing companies list and has also been named one of the Best Companies to Work for in San Diego by San Diego Business Journal.
Prior to August Spark, Michael Cassidy was the founding CEO of Undertone, a leading advertising technology company that was successfully acquired by marketing software firm Perion in 2015. August Spark was created to address the gap in investor expertise in the marketing and business services space, largely due to the proliferation of technology and the imperative for digital-first offerings. As a family office, August Spark takes a long-term, founder-friendly approach to its investment timeline versus the typical five to seven-year horizon of most private equity and venture capital firms.
“BVAccel is uniquely positioned to help the next generation of retailers and brands build technology, promote their products, and expand into physical retail and beyond,” said Michael Cassidy, Founder and Partner of August Spark. “The company is only beginning to scratch the surface of its potential.”
“August Spark took the time to learn our business and build a relationship with our team,” said Kyle Widrick, Co-Founder of BVAccel. “We are confident that their expertise at the intersection of media and technology, along with their strong history working with brands, makes them our ideal partner.”
With the new capital, BVAccel plans to increase headcount in key areas, including sales, marketing, and service lines, and will also invest in employee development and training. Additionally, the investment will allow BVAccel to greatly accelerate its product roadmap and build new capabilities to support global customers, including Amazon, offline sales support, and more.
About BVAccel:
Brand Value Accelerator (BVAccel) is a design, development, and marketing agency that equips merchants with strategies driven by the relentless pursuit of profit and loyalty. As one of the pioneer Shopify Plus agency partners, BVAccel has helped scale hundreds of digital brands. Headquartered in San Diego, CA with additional offices in Columbus, OH, Los Angeles, CA, and New York, NY, the BVAccel team consists of more than 125 eCommerce strategists, designers, developers, data scientists, marketers, and more.
About August Spark:
August Spark is a NY-based family office focused on investments in marketing, technology, and business services. The firm focuses on profitable companies where it can leverage its expertise in sales and marketing, setting and executing against growth strategy initiatives, building and supporting a great company culture, and digital transformations.