Chicago/Cleveland | June 13, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Superior Environmental Solutions, Inc. (SES) by Rosewood Private Investments, Inc. (Rosewood), a subsidiary of The Rosewood Corporation. SES founders Dean Wallace and Chester Yeager have retained a significant ownership position in the company and will continue to lead SES post-transaction. Rosewood’s operating advisor, Bill Massa, will join the company’s board as part of Rosewood’s investment and brings over 25 years of executive experience at companies such as Celanese, Clean Earth, and Synagro. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to SES in the transaction. The specific terms of the transaction were not disclosed.
Founded in 1999 and headquartered in Cincinnati, Ohio, SES is a leading provider of environmental and industrial cleaning services in the Midwest. The company provides a comprehensive suite of critical routine and turnaround services including industrial vacuum cleaning, waterblasting, pressure washing, emergency response, waste transportation and disposal, and hydroexcavation. SES’s sterling reputation for service and safety has enabled it to become a trusted service partner to a wide range of ethanol, chemical, steel production, refining, food and beverage, utility, and manufacturing customers throughout the Midwest. The company serves its customers locally from 13 facilities across Ohio, Indiana, Kentucky, Pennsylvania, and Michigan.