Pritzker Group Private Capital has acquired Westmont, Illinois-based ENTACT, a provider of environmental remediation services. The sellers were Austin Ventures and TGF Management Corp. No financial terms were disclosed. William Blair & Company served as financial advisor to ENTACT on the transaction.
CHICAGO, June 2, 2015 – Pritzker Group Private Capital today announced that it acquired Westmont, Ill.-based ENTACT, one of North America’s largest providers of environmental remediation services to the private sector, from Austin Ventures and TGF Management Corp.
Pritzker Group Private Capital is partnering with ENTACT’s management team, which will remain a large shareholder, continue to lead the company and serve on its board of directors.
ENTACT, founded nearly 25 years ago, offers a broad range of environmental and geotechnical construction services and has a proven track record of successfully executing its clients’ most challenging projects. The company distinguishes itself via its long history of safety, technical excellence and field expertise. ENTACT delivers its services on a national basis, executing large-scale projects that often include multiple components of its service offering.
“Our permanent, proprietary capital base will support ENTACT’s world-class team and provide them with the resources needed for their continued growth,” said David Rosen, Pritzker Group Private Capital investment partner. “This is Pritzker Group’s first acquisition in the environmental services industry, and we expect to remain active investors in the sector.”
“ENTACT is a proven leader in the most challenging areas of the remediation industry and has consistently delivered the highest standards of excellence to its customers,” said J.B. Pritzker, managing partner of Pritzker Group. “Pritzker Group Private Capital is proud to be partners with the ENTACT team.”
“Pritzker Group’s approach to building great businesses over the long term is an ideal match for ENTACT,” said Dean Pisani, ENTACT chief executive officer. “We look forward to partnering with Pritzker Group and continuing to provide exceptional service to our customers.”
William Blair & Company acted as exclusive financial advisor to ENTACT and its shareholders in connection with this transaction.
ENTACT is one of North America’s largest providers of environmental remediation and geotechnical construction services. For nearly 25 years, ENTACT has provided a diverse set of services to private industry clients, including water management and site restoration, in-situ and ex-situ treatment, cap and containment, sediment removal and geotechnical construction services. ENTACT also possesses an in-house treatability laboratory dedicated to enhancing waste treatment and solidification/stabilization efforts. ENTACT’s projects often incorporate multiple components of its broad service offering and include a variety of media including soil, sediment and groundwater. For more information, visit entact.com.
About Pritzker Group
Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and health care sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.