December 31, 2020
EIS Holdings, a portfolio company of O2 Investment Partners, today announced an investment in Maryland-based Potomac Abatement. Potomac Abatement is one of the leading environmental remediation and abatement firms in the Mid-Atlantic, particularly the Baltimore-Washington metro area and Northern Virginia. Translink acted as advisor to the buyer.
With the addition of Potomac, EIS Holdings is one of the largest environmental remediation and abatement firms in the country with over 700 employees and 22 offices serving customers throughout the United States.
“We are very excited to partner with Tony Farnella and Mark Gilberto and welcome Potomac to the EIS family,” said Gary Caldwell, CEO of EIS Holdings. “The addition of Potomac is a great asset to EIS which expands our presence into the Baltimore, D.C., and Northern Virginia markets. We’ve already begun working on several exciting growth opportunities with Tony, Mark, and the Potomac team.”
Tony Farnella, President of Potomac Abatement, stated, “We’re excited to partner with Gary and the leadership team at EIS. There is a ton of demand for our services in the Baltimore-Washington corridor, and the support and resources of the EIS platform will greatly help us grow and better serve our customers.”
Sean Darin of O2 Investment Partners commented, “Potomac is a key player in the Baltimore-Washington market and establishes a foothold for EIS in the Mid-Atlantic.” He added, “We are excited to expand EIS’ services into this new region of the country and are looking forward to the many growth opportunities that the EIS platform can provide for Potomac and its customers.”
About Potomac Abatement
Potomac Abatement is a leading provider of hazardous material remediation, demolition, and related environmental services in the Mid-Atlantic United States, primarily serving the Baltimore-Washington metro area as well as Northern Virginia.
About EIS Holdings
EIS Holdings is one of the largest providers of mission-critical environmental and infrastructure services in the United States, serving a wide variety of public and private end markets. With over 700 employees and 22 offices, EIS performs a full suite of abatement, decontamination, remediation and other environmental and specialty infrastructure services across the United States.
About O2 Investment Partners
O2 Investment Partners is a Midwest-based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. The Firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.