CIVC Partners Portfolio Company GPRS Acquires Encompass Inspections
CIVC Partners, LP (“CIVC”), a Chicago-based middle market private equity firm, is pleased to announce that its portfolio company, GPRS, has acquired Encompass Inspections (“Encompass”), a leading provider of private utility locating and concrete scanning services. Encompass’ clients include environmental services consultants, contractors, and engineering firms who rely on the Company’s services to identify and map the presence of subsurface structures using ground penetrating radar and other locating techniques. Encompass represents the first acquisition for GPRS under CIVC’s ownership.
“This is a terrific opportunity for us,” said Lance Jehn, co-founder of Encompass. “The new partnership with GPRS and CIVC gives us additional capital and resources, enabling Encompass to expand our service offerings, better serve our customers, and support our growth.” Chris Stanley, co-founder of Encompass added, “GPRS is the market leader in the private locating industry and we are excited to partner with Matt Aston and his team to continue to extend GPRS’ leadership position.”
Encompass enhances GPRS’ market position in the private locating and concrete scanning markets by adding scale to GPRS’ existing business in Arizona, California, Texas and New York. Matt Aston, President of GPRS, said “Encompass represents a highly complementary acquisition for GPRS that enhances our market position in several rapidly growing regions. We look forward to working with the Encompass team to continue to deliver exceptional service to our clients.”
GPRS, headquartered in Toledo, Ohio, provides private utility locating and concrete scanning services to utilities, contractors, engineering firms and environmental consultants in every major market in the United States. To learn more, visit www.gprsinc.com.
About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in the business services and financial services sectors. Since 1989, the team has invested $1.5 billion in 61 platform companies and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that might be an appropriate add-on acquisition candidate for GPRS, please contact J.D Wright (312-873-7384, email@example.com) or Doug Potters (312-873-7355, firstname.lastname@example.org).