Caymus Equity Acquires Leading Environmental Services Platform, Quality Environmental Services, its Third Investment out of Caymus Equity Partners Fund II
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ATLANTA, November 15, 2023-- Caymus Equity Partners LLC (“Caymus Equity”) has acquired Quality Environmental Services, LLC (“Quality” or the “Company”), a leading provider of environmental remediation services in the greater Midwest region. The acquisition represents Caymus Equity’s third investment out of Caymus Equity Partners Fund II.
Based in Beaverton, MI, and led by CEO, Kevin Wolfe, Quality offers a complementary portfolio of environmental remediation services, including: asbestos abatement, mold remediation, lead paint abatement, sub-floor grinding, selective demolition, and mechanical insulation. The Company services private, state, and federal customers in a wide variety of end-markets, with a focus on the recession-resistant education and healthcare sectors. Caymus Equity’s investment provides Quality with the capital support necessary to continue the expansion of the Company’s portfolio of service offerings, penetration of new industry verticals and geographies, and the pursuit of strategic acquisitions.
“The significant historical growth we have experienced is a testament, not only to the mission-critical services we provide, but also to our Company culture and tenured workforce committed to delivering exceptional outcomes for our customers,” commented Kevin Wolfe, CEO. “We feel we have the organizational infrastructure in place to support future growth beyond the Midwest, both organically and through acquisitions, and I’m excited to partner with Caymus Equity for our next chapter of growth.”
“Quality’s long-standing relationships with leading general contractors, industrial hygienists, and building owners are a testament to what Kevin and the management team have built,” commented Blake Cummings, Partner and investment lead at Caymus Equity. “The Company’s position as its customers’ first call in a highly regulated and non-discretionary industry creates a strong platform for us to continue building the business into a premier, end-to-end environmental services company.”
“This transaction presented us with a clear opportunity to leverage our experience in the facility and infrastructure services sectors while continuing to build upon the momentum we have in our first committed fund, Caymus Equity Partners Fund II,” commented Ollie Maggard, Managing Partner. “We are excited to support Kevin and his team and look forward to growing the business together.”
The investment in Quality on November 10, 2023, marks Caymus Equity’s fifteenth platform investment, and third investment out of Caymus Equity Partners Fund II.
To read more about Quality, visit http://www.qualityenv.co.
To learn more about Caymus Equity, visit https://www.caymusequity.com.