Rockville, MD, December 10, 2010 – Apex Companies, LLC (“Apex”), a leading national water resources and environmental services firm announced today that it has been acquired, in partnership with management, by Tailwind Capital (“Tailwind”). Tailwind Capital is a private equity firm focused on investing in growth-oriented middle market companies. Apex’s future growth and expansion will be enhanced with this partnership to support management with acquisition initiatives. Terms of the transaction were not disclosed.
Apex has a unique expertise in providing specialty environmental services, including: water resources, including stormwater and wastewater services; indoor air quality and industrial hygiene; remediation and restoration; and traditional environmental services. Apex’s focus on delivering high quality, rapid response service has enabled it to become the provider of choice for hundreds of leading private and public sector clients in a number of end markets.
Jeffrey Calhoun, Managing Director of Tailwind, said, “This transaction represents a tremendous opportunity for Tailwind to invest in a proven platform and an industry that has attractive growth dynamics. Apex has an experienced management team and is well-positioned for future growth and expansion. We look forward to supporting Apex as it pursues future organic initiatives and acquisitions.”
Peter Young, a founder and Apex’s Chairman, said, “Tailwind has a proven track record of successfully investing in management-driven, growth businesses and we are pleased to have the opportunity to partner with them. Tailwind has made a strong commitment to support Apex’s future initiatives such as further expanding our geographic footprint, investing in our business to enhance our strong market position, and growing our team to better service our clients.”
Financing for the transaction was provided by Madison Capital, NewStar Financial and Churchill Financial.
About Apex Companies
Apex Companies, LLC (“Apex” or the “Company”) is a leading national water resources and environmental services firm dedicated to providing private and public sector clients with full-service, single-source solutions for routine and complex projects. Clients depend on the Company to consistently provide the technical expertise and solutions requisite in the industry, while differentiating itself with a quick response time, professional performance, high-quality results and cost efficiency. Headquartered in Rockville, Maryland, Apex was founded in 1988. The Company currently employs over 300 professionals, consisting primarily of hydro-geologists, geologists, environmental technicians, environmental scientists and engineers, deployed across a network of 24 offices throughout the United States. For further information on Apex, please visit: www.apexcos.com.
Apex Companies, LLC
About Tailwind Capital
Tailwind Capital is a leading private equity firm investing in growth-oriented middle market companies in business and communications services and healthcare. Tailwind partners with management teams to build value through internal growth, acquisitions, and operational and strategic developments. The firm currently has over $1 billion under management. Representative investments include TowerCo (wireless infrastructure), Archway (marketing logistics), Trover Solutions (insurance services), SDI Health (healthcare data analytics) and Optimal Solutions (IT services). For further information, please visit: www.tailwind.com.