Snyder Environmental joins forces with two firms to form EIS Holdings
by October 23, 2019 2:21 pm 1,842 views
O2 Investment Partners announced Wednesday (Oct. 23) the addition of Snyder Environmental & Construction to the newly formed EIS Holdings, which will become the third largest abatement firm in the country and a leading remediation and specialty infrastructure services firm.
Financial terms of the private transaction were not disclosed.
The combined company will report over $70 million in revenue, 550 employees and 19 offices serving the Southern, South Central, Midwest, and Rocky Mountain regions of the U.S., according to company officials.
EIS Holdings will be the merger of three firms – Snyder Environmental, 1 Priority Environmental Services and Earth Services & Abatement. Snyder, led by CEO Joe Carter, has been a premiere provider of environmental abatement and remediation services throughout the South Central U.S., particularly Arkansas, Oklahoma, and Tennessee.
Headquartered in North Little Rock with offices in Tulsa, Dallas, and Bentonville, Snyder Environmental specializes in asbestos abatement, mold remediation, dust control, and lead paint removal.
According to a joint news release, all management, operating personnel and teams will remain in place under the platform. Carter has joined the EIS Holdings Board of Directors.
“Snyder has a phenomenal reputation in the abatement industry, and they bring significant scale and geographic diversity to EIS,” said Gary Caldwell, CEO of EIS Holdings. “Joe Carter and Justin Dixon have built a rock-solid company and we are looking forward to helping them continue to serve their clients. We are excited to have Joe and Justin on our team.”
“Joining Gary Caldwell, Rob Odom, Kory Mitchell, and the impressive teams at both 1 Priority and ESA was our primary motivation for this deal. Snyder’s safety and quality-first mentality is a mindset shared by the 1 Priority and ESA organizations, and we are now able to bring that shared philosophy to a national scale. We see incredible growth in the EIS platform and are excited to help bring that together,” Carter said.
For more information, visit EIS Holdings or Snyder Environmental.
O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.