Solmax buys GSE Environmental from Littlejohn, SVPGlobal
Groupe Solmax has acquired GSE Environmental LLC, a Houston, Texas-based maker of geosynthetic lining products and services. No financial terms were disclosed. The sellers were U.S. private equity firms Littlejohn & Co and Strategic Value Partners, which acquired GSE in 2014. The acquisition by Solmax, a Montréal-based maker of polyethylene geomembranes for industrial and environmental applications, was backed by Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ. Solmax President Jean-Louis Vangeluwe said the deal creates a "true global industry leader" capable of leading and reshaping a highly fragmented market.
20 December 2017•5 mins read
