Washington, DC-based private equity firm Arlington Capital Partners has announced the acquisition of environmental consulting services company SECOR International.
Terms of the deal were not disclosed, though the press statement said the Redmond, Washington business has expected revenue of $125 million.
SECOR provides “remediation” management, consulting, compliance and permitting services to the petroleum, chemical, industrial, pulp and paper, and power industries. According to the statement, SECOR is one of the largest providers of remediation consulting services to the petroleum sector.
This recent deal represents Arlington Capital’s eighth acquisition over the past 18 months. Back in January, the firm bought Science & Engineering Associates, based in New Orleans, in a transaction valued at approximately $100 million (€79 million). SEA has since 1980 been the lead contractor for the US Navy’s Space and naval Warfare Information Technology Center.
Arlington Capital has more than $450 million of committed capital. The firm invests in the media and communications, business services, outsourcing and IT services sectors. The firm scored big last year with the exit of flight and weapons training company NLX, which was sold to Rockwell Collins for $125 million. Arlington Capital had purchased the company just a few months earlier with $25 million in equity.