One Equity Partners has acquired Carencro, Louisiana-based Gibson Omni Parent Inc, a provider of environmental services focused on energy customers. The company will now be known as OMNI Environmental Solutions.
PRESS RELEASE
NEW YORK – May 3, 2018 – One Equity Partners (“OEP“), a leading middle market private equity firm, today announced the completion of its acquisition of Gibson Omni Parent Inc., through which Gibson Energy Inc. (TSX: GEI), a publicly traded midstream energy company, conducted its U.S. Environmental Services business. The business will be known as OMNI Environmental Solutions going forward (“OMNI” or the “Company”).
Headquartered in Carencro, Louisiana OMNI is a comprehensive provider of environmental services focused on energy customers. Key services include water logistics and disposal, solid waste processing, treatment and landfilling, and a variety of other specialty environmental services such as offshore inspection and cleaning.
“Effective environmental management continues to be a focus for the energy industry,” said J.B. Cherry, Senior Managing Director, OEP. “With its deep expertise in the space and diverse service capabilities, OMNI is well positioned to partner with customers to manage the increasingly complex logistical and regulatory challenges facing the industry.”
“We look forward to providing OMNI additional resources to expand its operations throughout North America, and position the Company for its next chapter of growth,” said Ham James, Vice President, OEP. “OMNI is a proven leader in reducing environmental risks and costs for its blue-chip customer base, and it will remain committed to that mission.“
OEP’s acquisition of the environmental services business continues the firm’s history of investing in outsourced industrial services companies. The firm’s portfolio companies include, among others: INTREN, a provider of outsourced services for electrical and gas utilities; Strike, a provider of integrity testing, maintenance, engineering, procurement, and construction services for pipeline operators and other midstream customers; and WW Williams, an outsourced provider of maintenance and repair services for vehicles, fleets, power generation equipment and other industrial machinery.
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About One Equity Partners
OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 150 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.
Source: https://www.pehub.com/2018/05/oep-acquires-gibson-omni-parent-inc/
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