Patriot Environmental Services, Inc.
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Patriot Environmental Services, Inc. - overview
Established
2002
Location
Wilmington, CA, US
Primary Industry
Environmental Services
About
Patriot Environmental Services, Inc. provides comprehensive environmental and industrial services, focusing on hazardous waste management, remediation, and emergency response solutions tailored to diverse industries across the United States. Founded in 2002 and headquartered in Wilmington, US, Patriot Environmental Services specializes in environmental management. The company has undergone significant changes since its inception, including being acquired by Heritage-Crystal Clean in August 2022 for USD 156.
00 mn. Kent Bartley serves as the CEO, overseeing operations after the acquisition from Channel Investment Advisors, Seacoast Capital, Angeleno Group, and Solace Capital Partners. The company has successfully completed four deals to date, with its most recent transaction occurring in August 2022, marking a strategic pivot in its operational framework. Patriot Environmental Services specializes in a comprehensive range of environmental and industrial services, including emergency response, hazardous waste management, remediation, and industrial cleaning.
These core services address urgent needs such as oil spill response, contaminated site management, and confined space rescue, ensuring safety and compliance for their diverse clientele. The company effectively serves various sectors, including agriculture, healthcare, manufacturing, and government, providing tailored solutions designed to mitigate environmental hazards and streamline waste management processes. Their geographical reach spans coast-to-coast within the United States, allowing them to support clients in both urban and rural settings. Through a commitment to safety and sustainability, Patriot Environmental Services integrates environmental best practices into their operations, promoting a healthier ecosystem for current and future generations.
Patriot Environmental Services generates revenue primarily through contracts and service agreements with businesses and government entities requiring environmental management solutions. The firm engages in B2B transactions, offering services that include hazardous waste collection, transportation, and disposal, which are essential for compliance with federal and state regulations. Clients typically enter into service agreements that outline the scope of work, pricing, and timelines for projects, such as the removal of oilfield sludge or the management of hazardous materials. The pricing structure may vary based on the complexity and scale of the services rendered, reflecting the specialized nature of their offerings.
Patriot Environmental Services maintains a focus on building long-term relationships with clients, ensuring reliable and effective service delivery across all their operational regions. Following its acquisition by Heritage-Crystal Clean, Inc. in August 2022, Patriot Environmental Services aims to leverage its new parent company's resources to drive growth. The acquisition is expected to support the company’s expansion strategies and enhance its service capabilities in the environmental sector.
Specific new products and services are being designed, although details on release dates are not disclosed. Additionally, Patriot Environmental Services plans to target new geographic regions to expand its operational footprint nationwide, aligning with Heritage-Crystal Clean's growth objectives.
Primary Industry
Environmental Services
Sub Industries
Environmental Services
Website
www.patriotenvironmental.com
Company Stage
Acquired
Total Amount Raised
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Patriot Environmental Services, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Patriot Environmental Services, Inc. | - | ||||||||
| Trade Sale | Completed | Patriot Environmental Services, Inc. | - | ||||||||
| Growth | Completed | Patriot Environmental Services, Inc. | - | ||||||||
| Add-on | Completed | Patriot WasteWater, LLC | - | ||||||||
| Recapitalisation | Completed | Patriot Environmental Services, Inc. | - |
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