Eastern Environmental Solutions, Inc
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Eastern Environmental Solutions, Inc - overview
Established
2001
Location
New York, NY, US
Primary Industry
Environmental Services
About
Eastern Environmental Solutions, Inc provides a variety of environmental services catering to both residential and industrial sectors, including soil and groundwater sampling, tank services, and disaster recovery operations. Founded in 2001 by Michael Flynn in New York, US, Eastern Environmental Solutions, Inc focuses on delivering essential environmental services. The company has not undergone any significant business pivots or changes in operations. As of January 2009, Eastern was acquired by Argentum and has since remained focused on its core service offerings.
Eastern Environmental Solutions specializes in a comprehensive range of environmental services designed to address both residential and industrial needs. Their core offerings include Geoprobe® services and rotary sonic drilling, aimed at facilitating soil and groundwater sampling, well drilling, and site delineation among other applications. The company also provides specialized oil tank services that encompass the removal, installation, and abandonment of underground and aboveground storage tanks, along with diesel fuel tank installations and monitoring systems. Additionally, Eastern offers flood damage restoration and mold remediation services, emphasizing a dedicated project management team for these operations.
Their hazardous waste transportation and geothermal heating and cooling solutions further expand their service portfolio. The firm predominantly serves markets across New York State, including urban areas like New York City, as well as New Jersey, Long Island, and Upstate New York, catering to clients from residential homeowners to industrial players like Northrup Grumman and Brookhaven National Laboratory. Eastern Environmental Solutions generates revenue through a diverse array of service contracts and project engagements with clients across various sectors. Their business transactions typically occur through direct service agreements tailored to individual client needs, which can range from one-time projects to ongoing service relationships.
The company’s pricing structure involves fees associated with specific services such as oil tank removal and emergency spill response, where clients may be charged based on the scope and complexity of the work performed. For instance, a typical engagement might include a comprehensive service package for soil testing and remediation, billed at a rate reflective of the labor and equipment required. The firm’s operations ensure that they maintain a robust client base, including both residential customers seeking immediate assistance and commercial clients needing extensive environmental solutions. Following the acquisition by Argentum in January 2009, Eastern Environmental Solutions, Inc is expected to explore new opportunities for growth, including the potential launch of advanced environmental analysis products.
The company aims to expand its service offerings into additional markets throughout the Northeastern United States by the end of 2023. The funding secured in the acquisition will support these strategic initiatives, allowing Eastern to enhance its operational capabilities and market presence.
Current Investors
Argentum
Primary Industry
Environmental Services
Sub Industries
Recycling, Pollution Control
Website
www.easternenviro.com
Verticals
Clean Technology
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Eastern Environmental Solutions, Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Eastern Environmental Solutions, Inc | - |
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