Keystone Capital Management, L.P. (“Keystone”) is pleased to announce that its portfolio company Pinchin Ltd. (“Pinchin”) has recently completed the acquisition of Ransom Consulting, LLC (“Ransom”), a multi-disciplinary environmental consulting and engineering firm operating out of six offices across the Northeastern U.S. Founded in 1988, Ransom provides a diverse array of site remediation and related engineering services to commercial, government, and industrial clients.
Pinchin is an Ontario-headquartered environmental compliance consulting firm that offers a broad array of site assessment-related services focused on the building and land development lifecycle. Pinchin’s partnership with Ransom expands its U.S. presence to 18 offices and 160+ employees in addition to 42 locations and 870+ employees in Canada.
“The Ransom acquisition lays the foundation for Pinchin’s expansion into the northeast US market,” noted Jeff Grossi, CEO of Pinchin. “Ransom fits ideally onto the Pinchin platform, extending Pinchin’s presence and supporting our goal to become the predominant North American services provider in the Buildings and Land market for all phases of the real estate lifecycle.”
“Integrating with Pinchin provides Ransom an opportunity to deliver additional capabilities and services, providing even greater value to our existing clients, while expanding our footprint,” stated Stephen Ransom, CEO of Ransom. “We are proud of our legacy and look forward to exciting new opportunities as a Pinchin company.”
“We are thrilled to have the Ransom Consulting team join our Pinchin platform; this acquisition is an important furtherance of our geographic expansion strategy,” commented David Greer, Managing Director of Keystone Capital.
Keystone and Pinchin continue to actively seek acquisition opportunities in the environmental consulting and engineering services industry with a focus on U.S.-based businesses. Parties with knowledge of relevant potential investment opportunities are encouraged to contact Keystone.
Terms of the transactions are not being disclosed. Legal counsel was provided by DLA Piper LLP (US).