Environmental Crossings Inc. (ECI) announced June 3, that long time shareholder Bruce Brasher has purchased all of the outstanding shares and has assumed the position of president. Greg Charney of Lone Star Investments Corp., The Woodlands, TX, was advisor on this transaction and sourced the needed financing.
KSEnergy Services announced that CIVC Partners, in partnership with True North Equity, has acquired an interest in KSEnergy Services. CIVC is a 40-year-old Chicago-based private equity firm with over $1.3 billion under management and a long history of investing in highly successful, closely held businesses. True North is a Detroit-based firm that makes investments in utility maintenance companies.
Caterpillar, Inc. announced July 1 that it has acquired all assets of Underground Imaging Technologies, Inc., an advanced geophysical services company and technology developer based in Latham, N.Y. The acquisition will give Caterpillar the capability to provide geophysical services, specializing in providing three-dimensional representations of underground utilities and other targets.
ITT Corporation announced June 21 that it intends to buy Godwin Pumps for $585 million. The deal brings the world's largest manufacturer of submersible pumps together with the largest producer of diesel-driven dry install pumps, and the combined organization is expected to become the largest company providing drainage pumps serving the global industrial, construction, mining, municipal, oil and gas segments.