Stern Partners acquires majority stake in McRae’s Environmental Services
Canadian private investment firm Stern Partners has acquired an undisclosed majority interest in McRae’s Environmental Services Ltd, a Delta, B.C.-based infrastructure maintenance and environmental services business providing hydro-excavation, vacuum truck and liquid waste hauling services. All existing investors will retain an interest in the company. Stern Partners' vice president Chris Tsoromocos said the transaction will support McRae’s strategic direction and plans for expansion while maintaining current levels of customer service. Based in Vancouver, Stern Partners focuses on investing in businesses in various industries, including manufacturing, distribution, retailing, publishing, printing, packaging and real estate.
7 January 2014•2 mins read
