Dallas, Texas - June 12, 2017 - Rosewood Private Investments ("RPI" or "Rosewood") is pleased to announce it has completed the majority recapitalization of Superior Environmental Solutions ("SES") alongside its founders Dean Wallace and Chester Yeager, who will retain their leadership roles and a significant ownership stake in the business going forward. "RPI's investment in SES is a key element of our strategy to invest in the environmental services industry," commented Derry Burns, a Director at RPI. "SES's reputation for high-quality service and industry-leading EH&S practices, combined with its track record of growth make it an attractive platform company. We look forward to supporting SES's continued growth both organically and through acquisition." Dean Wallace, founder and President of SES said, "This is the start of an exciting new chapter for SES. Through our partnership with RPI, we will be gaining the opportunity to accelerate the execution of our long-term strategy to deliver best-in-class solutions to our customers and further accelerate growth." Industry veteran, Bill Massa, will join SES's board and serve as an operating partner as part of the transaction. Bill brings an abundance of experience in operations through decades of service in the industry, including leadership positions at Celanese, Clean Earth and Synagro.
Headquartered in Cincinnati, Ohio, SES has a nearly 20 year track record and is a trusted provider of industrial and environmental cleaning services to a variety of steel, ethanol, chemical, refining, food and beverage, and manufacturing customers through the Midwest from 13 facilities across Ohio, Michigan, Kentucky, Pennsylvania and Indiana. SES provides a comprehensive portfolio of routine and turnaround services including vacuum cleaning, waterblasting, pressure washing, emergency response, and waste transportation and disposal. Learn more about SES by clicking here.
Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a family- backed yet institutional firm with diverse worldwide operations and investments. Rosewood is wholly owned by the Caroline Hunt Trust Estate, which was established in 1935 by H.L. Hunt and built upon over generations by developing and acquiring businesses that are leaders in their respective industries. RPI’s structure and history enable it to be a unique resource and flexible investment partner. As an evergreen entity, Rosewood is continually seeking to invest capital in companies that share its commitment to entrepreneurism, integrity, and sound business principles.