February 14, 2011
New York, NY - G.L. Ohrstrom & Co., Inc., a New York-based private equity firm, has completed its first add-on investment for its Seal Industries, Inc. platform. Seal Industries completed the acquisition of Environmental Analytics, Inc. ("EA") which provides environmental compliance services to the downstream energy and petrochemical markets. GLO partnered with Brookside Equity Partners, a Greenwich Connecticut-based private investment firm, to complete the transaction. "Through Seal's ENCOMPAS division and EA, we have established the largest supplier of environmental compliance services in North America for EPA Method 21." stated Mr. George Pfeil of GLO & Co.
Partnership with Management
Mr. Pfeil continued, "Similar to all GLO-led acquisitions, we focus on retention of management and key business leaders. The combined strength of the ENCOMPAS and EA management teams creates the most talented leadership in our industry. EA's management team has assumed critical leadership positions in the combined business and will participate in its growth with equity incentives."
About G.L. Ohrstrom & Co., Inc.
G.L. Ohrstrom & Co., founded by George L. Ohrstrom in 1926, is managed by Mr. Wright Ohrstrom. The firm focuses exclusively on private equity investments in North America and invests in family or management-owned companies that provide value-added, technical services or highly-engineered products to diverse end markets. Representative prior investments include Roper Industries (NYSE: ROP), Dover Corporation (NYSE: DOV) and Carlisle, Inc. (NYSE: CSL). Website: http://www.glohrstrom.com
About Seal Industries, Inc.
Seal is headquartered in Houston, TX and completed its first acquisition in March 2009. The Company seeks to acquire well-managed, privately held companies that supply technical, consulting and repair services to refinery, petrochemical, power plant and other process markets. For further information, please contact Mr. George Pfeil at G.L. Ohrstrom & Co.
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