RPS buys PE-backed GaiaTech

RPS has acquired GaiaTech, which was backed by MSouth Equity Partners. No financial terms were disclosed. Lincoln International advised MSouth and GaiaTech on the transaction. Based in Chicago, GaiaTech is a provider of environmental consulting and engineering solutions.


CHICAGO, June 4, 2014 /PRNewswire/ — Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that GaiaTech, Inc. (“GaiaTech”) has been sold to RPS Group plc (“RPS”). GaiaTech was a portfolio company of MSouth Equity Partners (“MSouth”).
Founded in 1993 and based in Chicago, GaiaTech is a leading provider of environmental consulting and engineering services. The Company’s comprehensive service offering includes environmental due diligence, compliance, site investigation, remediation, process optimization and value-driven facilities management services. GaiaTech’s industry-leading reputation is synonymous with pragmatic, solution-oriented recommendations that enable clients to minimize liabilities, protect assets and improve business value.
Lincoln acted as the exclusive sell-side advisor to MSouth and GaiaTech, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
Phil Newton, Chief Executive Officer at GaiaTech, commented, “Lincoln’s unique insights and in-depth understanding of our business model, drawn from the firm’s extensive experience in environmental services, allowed them to share our story and value proposition in a highly compelling manner. RPS provides us with a tremendous growth platform and is the right strategic partner for GaiaTech moving forward. This will now allow GaiaTech to extend its unique service offerings domestically and internationally and also provide a comprehensive array of other technical service capabilities to our clients.”
Michael Long, Partner at MSouth, added, “Lincoln’s industry knowledge and execution expertise was critical in creating an outstanding outcome for GaiaTech’s shareholders. Further, Lincoln’s global platform and access to key decision makers was critical in securing an exceptional long-term partner for the Company. This transaction was a fantastic outcome for the GaiaTech management team and its employees.”
About MSouth Equity Partners
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South, with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. With more than $700 million under management in two active funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.