Clairvest Partners with NCS Engineers
Clairvest Group Inc. (TSX: CVG) is making strides in the environmental consulting field through a recent investment in NCS Engineers. This partnership is a significant move aimed at facilitating growth and enhancing the development of the company’s workforce while also improving customer delivery. The collaboration marks a significant milestone, being Clairvest’s initial venture into the environmental consulting and engineering domain.
About NCS Engineers
Founded back in 1998, NCS Engineers is led by CEO Ramesh Narasimham. The company has built a solid reputation by offering comprehensive engineering solutions for water and wastewater systems across several states including Arizona, Nevada, California, Texas, Maryland, and Virginia. Their expertise encompasses the engineering needs for critical infrastructure projects such as treatment plants, pump stations, and water storage facilities.
Opportunities Ahead for NCS
The challenges faced by U.S. water and wastewater systems present unique opportunities for engineering firms to step in. According to Michael Castellarin, Managing Director of Clairvest, these issues include aging infrastructure, water scarcity, climate resiliency, and emerging contaminants. The partnership with NCS Engineers aims to address these challenges, utilizing their strong reputation to expand operations throughout the United States.
Shared Vision for Growth
NCS Engineers is looking forward to the new dynamics that this partnership will foster. Ram Narasimham, the Founder and CEO, expressed enthusiasm about the potential this alliance creates for their employees and clients alike. With Clairvest’s guidance, they aim to drive forward their growth ambitions, gearing up for innovation and potential acquisitions. The shared vision between Clairvest and NCS positions both companies for collaborative success in the future.
Investment Background
This investment represents Clairvest’s 68th platform investment and the second one from Clairvest Equity Partners VII, which manages a robust investment pool totaling US$1.2 billion, with US$300 million contributed directly from Clairvest Group Inc.
About Clairvest Group
Founded in 1987 by a successful group of Canadian entrepreneurs, Clairvest is focused on partnering with innovative companies to foster business growth. As a top-performing private equity management firm, they manage CAD $4.6 billion in assets. Clairvest invests both its capital and that of third parties through limited partnerships in owner-led enterprises, and has consistently demonstrated exceptional performance across numerous platform companies.
Contact Clairvest for More Information
If you're interested in learning more about Clairvest’s operations or the recent investment in NCS Engineers, you can reach out to Stephanie Lo, the Director of Investor Relations and Marketing, at the Clairvest Group Inc. office by calling (416) 925-9270. You can also contact her via email at stephaniel@clairvest.com.
Frequently Asked Questions
What is the partnership between Clairvest and NCS Engineers about?
Clairvest has made a minority equity investment in NCS Engineers to support their growth and development in the environmental consulting field.
When was NCS Engineers founded?
NCS Engineers was founded in 1998 and has established itself in the water and wastewater engineering space.
What services does NCS Engineers provide?
They offer turn-key engineering solutions related to water and wastewater infrastructure projects.
What does Clairvest aim to achieve with this investment?
Clairvest hopes to leverage this partnership to enhance NCS’s growth and ability to better serve its clients through innovative solutions.
How significant is this investment for Clairvest?
This marks Clairvest’s 68th platform investment and showcases their focus on the environmental consulting sector.
