FARLIE TURNER & CO • MAR 25 2019
Farlie Turner Gilbert Completes another Energy Services Transaction with the Sale of Force Environmental Solutions to OMNI Environmental Solutions, a Portfolio Company of One Equity Partners
Farlie Turner Gilbert & Co., LLC (“FTG”), a leading investment bank serving middle market companies, announced today the sale of Force Environmental Solutions (“Force”). In a transaction that closed on March 25, 2019, Force was sold to OMNI Environmental Solutions ("OMNI"), a portfolio company of One Equity Partners. Farlie Turner Gilbert, along with Transaction Advisory Services, served as the exclusive financial advisors to Force for the transaction.
Headquartered in Indiana, Pennsylvania, Force is the leading independent provider of environmental equipment, transportation and services to some of the leading, blue chip E&P operators in the Marcellus/Utica Shale region of Pennsylvania, West Virginia and Ohio. The company employs over 250 workers and provides produced water management and logistic services, consisting of transportation to and from the production site to either reuse and recycle facilities or directly to a Force‑owned salt water disposal well in Ohio.
In addition to produced water management services, Force also provides ancillary equipment rentals to the same operators. Force will continue to operate as an OMNI‑owned and operated company under the brand name Force, Inc.
The buyer is a leading provider of comprehensive waste, water management and logistics solutions in all major U.S. energy plays. One Equity Partners acquired OMNI, formerly known as Gibson U.S. Environmental Services, from Gibson Energy, Inc. in July 2018.
“The team at Farlie Turner Gilbert was hands‑on, attentive and offered tremendous wisdom and guidance through some turbulent periods in the oil & gas cycles over the past several years. They helped guide us to a superior outcome not only for me personally, but also for all of my employees and the company,” stated Bryan Force, the Founder and CEO of Force. The transaction team was led by Erik Rudolph, a Managing Director, and Daniel Vetrano, a Director at Farlie Turner Gilbert with assistance from Brandon Kaye. Terms of the transaction were not disclosed.
About Farlie Turner Gilbert & Co.
Farlie Turner Gilbert & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies out of offices located in Fort Lauderdale, FL and Raleigh, NC.
Please visit www.ftgco.com for more information.