Caltech Environmental acquired by Veolia
Sector: Oil & Gas
Activities: Environmental remediation, testing & Health & safety
Deal type: Acquisition
Details: Adviser to vendor
Transaction Originated, Negotiated and Structured by:
Summary of Business being acquired
Caltech is a leading provider of specialist planned and reactive remediation and ancillary services to the petrochemical, utility and industrial markets in Scotland.
Services include H & S training, Tank and Vessel Cleaning and Process Equipment Repair and Maintenance.
Premier marketed the business to strategic buyers, generating offers from a first stage bid process.
Having guided the vendors on the options available, Premier assisted with bidder selection and provided strategic and financial guidance throughout the sale and legal negotiation process, right up to deal completion.