Rockwood recaps Pase Environmental

Rockwood Equity Partners has recapitalized Parker, Colorado-based Pase Environmental, an environmental solutions provider.

Rockwood Equity Partners has recapitalized Parker, Colorado-based Pase Environmental, an environmental solutions provider. No financial terms were disclosed.

PRESS RELEASE

Rockwood Equity Partners has completed the first platform company acquisition of its Fund IV with the recapitalization of Pase Environmental in partnership with its founder and president, Rina Kabouk. Founded in 2002 and based in Parker, Colo., Pase is a leading environmental solutions provider of erosion control and stormwater remediation for customers serving residential, commercial and municipal markets. Pase’s services ensure that customers are able to remain in compliance with the federally-mandated Clean Water Act as well as stringent local requirements that vary across the country.

Pase was introduced to Rockwood in mid-2021 when Kabouk sought a partner to help the company focus on future growth initiatives as well as the underlying infrastructure required to execute. Kabouk chose to work with Rockwood in large part due to the Rockwood Business system, a set of tools, resources and processes that empowers management to quickly and effectively build out infrastructure, as well as the cultural alignment and connections in the metro Denver region.

“We are delighted to join the Rockwood family and to execute on the numerous opportunities in front of Pase,” said Kabouk. “I’m personally looking forward to working with Rockwood to implement the Rockwood Business System and build an even stronger environmental services company and continue to serve our customers, partners and employees that got us to where we are today.”

“It’s an honor to partner with Rina and her team to continue creating the leading environmental services company in the region,” said Joe Merrill, partner at Rockwood. “Pase’s deep management team, entrenched customer relationships and 20 years of growth across economic environments underscore the importance of Pase’s services and the partnerships they’ve built with their customers. Together with management, we look forward to building on the company’s 20-year legacy of outstanding service and results for its customers.”

As part of its growth strategy, Pase is seeking to partner with companies that provide services related to erosion control and stormwater, as well as inspection, permitting and general compliance services to help customers meet their environmental compliance and Clean Water Act requirements. To share potential opportunities, please contact Kate Faust, Partner-Business Development at Rockwood at kfaust@rockwoodequity.com or (216) 278-7070.