Founders Advises Spectrum Environmental Services in acquisition of Pipe Services of Alabama
June 6, 2018 BIRMINGHAM, Ala. – Founders Advisors (Founders) is pleased to announce that The Spectrum Companies acquired Pipe Services of Alabama – based in Birmingham, AL on May 31, 2018. Founders acted as transaction advisor to Spectrum, a leading regional environmental consulting and services firm.
Pipe Services of Alabama is a specialized service company that provides pipe service offerings including CCTV pipe inspections, air-acceptance pressure testing, cleaning, and various other pipe and manhole services and engineering solutions for municipal parties, subdivisions, and industrial sites throughout Alabama. The addition of Pipe Services to the Spectrum team will allow Spectrum to directly service the utility and infrastructure market with both pipeline video and pressure testing services. Robert Kirkland the founder of Pipe Services will serve as Spectrum’s Superintendent of Utility and Infrastructure Services.
Mike McCraw, Managing Director at Founders, stated the newly formed partnership is a strategic match that will allow both companies to deliver more comprehensive, high-quality services to their customers. Pipe Services of Alabama will expedite its growth by joining the Spectrum platform, while Spectrum adds another innovative services company to further diversify its service offerings.
Robert Kirkland, former President of Pipe Services of Alabama, noted, “We are excited to be joining the Spectrum team, and are sure this will be an incredible win for both companies and their customers.” Mr. Kirkland is excited for the future of Pipe Services and the opportunity that this represents. Guy Manzi, President of Spectrum Environmental Services reiterated this excitement and concluded “This partnership is one we enter into with confidence. The opportunities afforded by this acquisition will be of great benefit and value to all parties involved.”
About Founders Advisors
Founders Advisors (Founders) is a merger, acquisition and strategic advisory firm serving lower-middle-market companies. Founders’ focus is on nationwide energy, industrial, SaaS/software, internet, industrial technology, healthcare, digital media, consumer, and value-added distribution companies as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M&A Securities Group, Inc. or Founders M&A Advisory, LLC, both members FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly owned subsidiary of Founders. For more information, visit www.foundersib.com.
About The Spectrum Companies
Spectrum is a leading regional environmental consulting and services firm based in Birmingham, AL, that operates throughout the Southeast. The Spectrum Companies are collectively capable of delivering a broad array of services and advisory in various environmental and engineering silos – all at an unmatched level of quality and personal service. The Spectrum Companies are comprised of Spectrum Environmental Services, Inc. (the parent company focusing on providing and managing all environmental product sales as well as administrative support), Spectrum Industrial Services, Inc. (a turnkey industrial maintenance, remediation and waste management company), and Spectrum Environmental, Inc. (a professional environmental consulting company).
About Pipe Services of Alabama
Pipe Services of Alabama is a specialized service company that provides many pipe-related offerings including CCTV pipe inspections, air-acceptance pressure testing, cleaning, and various other pipe and manhole services and engineering solutions for municipal parties, subdivisions, and industrial sites throughout Alabama.