Sentinel Capital Partners has acquired an air quality consulting and compliance services company, Trinity Consultants, in its seventh deal this year.
“It’s a very stable and predictable business that has a nice tailwind,” said Sentinel partner Eric Bommer.
Trinity helps corporations comply with complex federal, state and local air quality regulations. The company was founded in 1974 by Richard Schulze, who retired from the company at the deal’s close. Trinity’s employees continue to own a significant share in the company, according to Bommer.
The acquisition will allow Sentinel to take advantage of what senior associate Michael Fabian called “the overwhelming trend in industries in general to go green”.
He said: “A large concern with global warming and climate change plays well into the hands of a business that is in the air quality space.”
Bommer said his firm plans to capitalise on these trends by moving Trinity into the growing greenhouse gas business, a type of emission Trinity has not dealt with in the past.
Trinity is Sentinel’s first investment in the environmental sector, an extremely trendy space for private equity. Though many firms, including Environmental Capital Partners, Capricorn Venture Partners and US Renewables Group, focus exclusively investments in environmentally friendly technologies, the green services sector is a relatively untapped area for other firms. Earlier this year, new firm Kyoto Capital Partners backed Canadian carbon footprint reduction consultancy cleanairpass. The Riverside Company and Arlington Capital Partners also hold environmental consulting companies in their portfolios.