Briarcliff Manor, New York, September 5, 2012 – Saw Mill Capital Partners L.P., a private equity investment fund managed by Saw Mill Capital LLC, together with the senior management team of Pine Environmental Services, Inc., announced today the acquisition of Pine Environmental Services, Inc. (“Pine”), the largest independent provider of environmental test & measurement equipment solutions in North America. The terms of the transaction have not been disclosed.
“We are very excited to partner with Saw Mill as we build on our seventeen years of growth. Saw Mill brings both the capital and strategic resources that will help us accelerate this growth.” commented Roger Pinheiro, Pine’s Co-Founder and President. “With Saw Mill’s support we plan to take Pine through its next phase of growth including the expansion of our existing offices and the opening of new locations” added Angelo Pinheiro, Pine’s Co-Founder and COO.
Scott Rivard, a Principal at Saw Mill Capital, said, “We are excited to be partnering with the management team that built the market leader in the environmental equipment solutions industry. We look forward to utilizing our experiences and strategic resources, both inside and outside the equipment rental market, to further accelerate this growth.”
Pine Environmental Services
Headquartered in Windsor, NJ, Pine Environmental Services is a provider of environmental test & measurement equipment, offering a full suite of solutions to its customers, including rentals, sales, and services.
About Saw Mill Capital LLC
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices, and provide global market expertise.