Terra Nova Solutions Acquires Pinnacle Environmental Services

Calvert Street Capital Partners (“Calvert Street”) is pleased to announce that portfolio company Terra Nova Solutions, Inc. (“Terra Nova” or the “Company”), a provider of industrial, waste, and environmental services, has completed the acquisition of Pinnacle Environmental Services, Inc. (“Pinnacle”).   

Founded by Mike Watts in 2008 and based in Greenville, South Carolina, Pinnacle is a provider of diversified, programmatic waste management solutions to a broad array of businesses in the southeastern United States.

“We are excited to partner with Pinnacle to continue its outstanding track record of providing integrated waste management services to customers and to support several exciting growth initiatives,” said Terra Nova Chief Executive Officer Bill Hunter. “The addition of Pinnacle strengthens our waste processing and industrial service offering while also better positioning us to serve our growing client base in South Carolina and Georgia.”

“Bill and the Terra Nova leadership team share our vision for the next evolution of Pinnacle,” said Pinnacle President Mike Watts. “From the start, it was clear that they share our commitment to combining compliance and customer service with an emphasis on Health and Safety. They also understand our Total Waste Management Plan business model and are prepared to support our continued growth initiatives.”

As part of the transaction, Pinnacle will partner with Terra Nova’s existing operations in High Point, North Carolina. Mike Watts will continue to serve in a leadership capacity with the Company. The transaction is the second acquisition by Terra Nova Solutions.

 

ABOUT TERRA NOVA SOLUTIONS

Terra Nova is a vertically integrated provider of industrial, waste, and environmental solutions to the manufacturing, chemical, energy, transportation, and utility industries. For more information, please visit www.tnsolutions.co.

 

ABOUT CALVERT STREET

Calvert Street is a lower middle market investment firm with offices in Baltimore, Maryland and Boston, Massachusetts. Our firm consists of experienced professionals pursuing two distinct investment strategies: (i) equity investments (through Calvert Street) and (ii) mezzanine investments (through Parkway Capital). Our equity team utilizes a research driven approach to identify attractive businesses providing critical services to the industrial and commercial sectors. Our mezzanine team provides flexible junior capital solutions for companies in a broad range of industries including manufacturing, distribution, consumer products, business and industrial services, and healthcare. Collectively, Calvert Street’s and Parkway Capital’s investment professionals have invested in over 120 companies representing cumulative transaction values in excess of $1.5 billion. For more information, please visit www.cscp.com.