J.F. Lehman & Company has recapitalized NorthStar Group Services, a provider of various environmental and facilities services including clean-up after natural disasters, decommissioning of nuclear facilities and removal of asbestos, lead and other dangerous materials. Medley Capital also participated in the investment.
The global B2B environmental services sector has been the site of decreasing investment in recent years, falling from 156 completed deals by private equity investors in 2014 to 108 last year, per the PitchBook Platform. But it’s possible that’s more a matter of figures coming back to earth after a massive leap: Deal activity increased by 63% from 2013 to 2014. With 40 deals done so far this year, activity in the space seems on pace to settle back down to the levels experienced from 2010 to 2013.
Here are the top 9 PE investors in the environmental services sector since the start of 2010 along with their deal counts, including add-ons: