The Sterling Group Sells Evergreen North America Industrial Services

Source: www.gulfoilandgas.com 2/23/2024, Location: North America

The Sterling Group ("Sterling"), a middle market private equity firm, announced today that it has completed the sale of Evergreen North America Industrial Services ("Evergreen") to Quanta Services. Evergreen is a leading provider of specialized and recurring environmental solutions for a diverse range of blue-chip industrial businesses and mission critical infrastructure.

Sterling created Evergreen through the combination of family owned, New York based North American Industrial Services and Houston based Evergreen Environmental Services. Since the combination, Evergreen has continued to expand its footprint and grow its ability to serve customers with its solutions nationally. Combined with Quanta Services leadership in specialty infrastructure solutions, Evergreen is poised to continue its track record of delivering the highest quality services to its customers.

Latham & Watkins served as legal counsel and BlackArch Partners served as financial advisor to Evergreen and Sterling.


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