Palm Beach Capital Announces Investment in Earth Systems, LLC

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WEST PALM BEACH, Florida–(BUSINESS WIRE)–Palm Beach Capital Fund V, LP (“PBC”), through one of its investment entities, today announced that it has invested in Earth Systems, LLC (“Earth Systems” or “Company”) a leading engineering and environmental consulting firm based in South Florida. Financial terms of the private transaction were not disclosed.

Earth Systems serves customers in a variety of end markets, including oil and gas, government and municipalities, utilities, and real estate 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 past 23 years and now serves 7 states through 13 offices. Regulations for contaminants of emerging concern (eg, PFAS) create ever-increasing demand for the Company’s services. Earth Systems is poised for phenomenal growth with ten new Master Service Agreements in the past 24 months and a corporate culture that attracts and retains both customers and coveted employees.

“We are very pleased to partner with Palm Beach Capital given their deep industry expertise and long history of partnering with business owners and founders. PBC will provide Earth Systems with the capital and access to strategic resources the company needs to execute its long-term growth plans, which include organic growth through new sites as well as strategic acquisitions that will enable us to grow. into new geographies, services and customers,” said Rick Ofsanko, co-president and co-founder of Earth Systems.

“We are thrilled to partner with the Earth Systems leadership team, and look forward to providing the support and capital necessary for the company to take the next step in its growth plan,” said Nate Ward. , co-founder and managing partner of PBC. “Earth Systems is uniquely positioned with long-term customer relationships in its vertical niches to grow exponentially as the country continues to increase regulations and emphasize environmental impacts on society. We believe that this business will serve as a solid platform as the company expands into tangential service offerings in the environmental engineering industry.

Aaron Horowitz of the law firm Horowitz, PA and Milton Vescovacci of Gunster served as the seller’s legal counsel, and Reggie Zachariah of Greenberg Traurig served as the buyer’s legal counsel on the transaction.

About Earth Systems

Founded in 1999, Earth Systems is an environmental engineering company based in Lantana, Florida, with offices in New Jersey, New York, Colorado, North Dakota, Pennsylvania and Texas. The company was founded to satisfy customers and employees. Earth Systems has a 20 year track record of low turnover, steady growth and long term relationships with a variety of highly selective clients in various markets and industries.

About Palm Beach Capital

Founded in 2001, Palm Beach Capital is a middle-market private equity investment firm based in West Palm Beach, Florida. Currently investing from its fifth committed fund, the firm is focused on high-growth investment opportunities and partners with management teams in management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 55 platform holding companies, focusing on the business services, healthcare, transportation and logistics sectors. For more information, please visit the company’s website at www.pbcap.com.

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