Palm Beach Capital Fund V (PBC), through one of its investment entities, has made an investment in Earth Systems, an environmental engineering and consulting firm based in South Florida. Financial terms of the private transaction have not been disclosed.
Earth Systems services clients in various end markets including oil and gas, governments and municipalities, utilities and property development. Service lines include assessment and remediation, spill response, environmental compliance and risk management. Founded in 1999, the Florida based company has grown its national presence over the last 23 years and now services seven states through 13 offices.
Regulations for new contaminants of concern (eg PFAS) create an ever-expanding demand for the Company’s services. Earth Systems is poised for tremendous growth with ten new master service agreements in the past 24 months and a corporate culture that attracts and retains both coveted clients and employees.
Aaron Horowitz from Horowitz Law Firm, and Milton Vescovacci from Gunster served as seller’s legal counsel, and Reggie Zachariah from Greenberg Traurig served as buyer’s legal counsel on the transaction.
