True Environmental, backed by Halle Capital, announces the acquisition of Sphere 3 Environmental, Inc.

LONGVIEW, Texas, June 17, 2024–(BUSINESS WIRE)–Sphere 3 Environmental, Inc. (“Sphere 3”), a full-service environmental consulting firm, today announced that it has joined True Environmental, Inc. (“True”), a platform focused on collaborating with founder- and employee-owned environmental consulting and engineering firms to provide capital and management support solutions to accelerate growth and facilitate seamless ownership transitions. The union further strengthens True’s mission to create a premier environmental engineering and consulting platform.

Sphere 3 founder Gayle Kirkland expressed her enthusiasm for the company’s partnership with True Environmental, saying: “Today marks an important milestone in the continued evolution of Sphere 3. This partnership aims to invest in the talented and dedicated team of Sphere 3 professionals and perfectly align with our commitment to delivering exceptional value to our customers while complementing and expanding our service offerings with the additional resources, capabilities and scale of the True platform True Environmental is a group that shares Sphere 3 values, respects our culture and is committed. to support our customers.”

Adam Black, the new President of Sphere 3, added: “This partnership provides a tremendous opportunity to build on the recognized achievements of our team. True Environmental’s expertise and comprehensive capabilities will significantly strengthen our service offerings and resources available to our clients. people and in partnership with a group that shares our values, Sphere 3 is well positioned to continue to evolve and better meet the needs of our customers.

“Sphere 3 has created a great company that is focused on employee engagement and providing exceptional customer service to the private and public sectors. We are excited to collaborate with Gayle, Adam and the management of Sphere 3, including discipline leaders Crissy Forrest, Clint Scurlock and Kerri Smith, as well as the entire Sphere 3 team, to consistently deliver best-in-class solutions that address their customers’ complex environmental issues,” said. Jim Stamatis, CEO of True Environmental.

About True Environmental

True Environmental (“True”), backed by Halle Capital, is a platform focused on building a consulting and engineering organization for environmental end markets. True Environmental is led by Jim Stamatis, former CEO of Louis Berger and 30+ year industry veteran. True seeks to partner with founder- and employee-owned consulting and engineering firms, providing capital solutions to accelerate growth and liquidity events for ownership transition.

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About Sphere 3 Environmental

Founded in 2002, Sphere 3 Environmental provides environmental consulting services to a diverse clientele, including Fortune 500 companies and government, commercial and industrial clients. Sphere 3 is a multidisciplinary organization that offers a diverse range of services to its clients. The company’s wide range of expertise allows them to provide high-quality services that meet the unique needs of each client.

About Halle Capital

Halle Capital is a growth-oriented private equity firm based in New York. The Company leverages the experience and network of its professionals to pursue investment opportunities in healthcare, business and consumer services. The company partners with experienced management teams to build businesses in highly fragmented markets benefiting from sustainable, secular tailwinds.

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Contacts

Mike Geller
Prosek Partners
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