UNION PARK CAPITAL ANNOUCES INVESTMENT IN HYDROGEOLOGICA
Boston, MA – November 30, 2023. Union Park Capital (“Union Park”), a Boston-based private equity firm focused on lower middle-market industrial technology investments, is pleased to announce it has made a majority investment in HydroGeoLogica, Inc. (“HGL”). HGL will form a new Mining Services Group within LRE Water, a Spheros Environmental Company.
HGL is a Golden, Colorado based firm that provides specialized domestic and international mining consulting services in geologic, hydrogeologic, and geochemical sciences with a focus on mine water and mine waste management. HGL has been operating since 2007 and has developed a strong and well respected presence in the global mining industry with on-the-ground project experience on six of seven continents. The combined LRE Water staff spans 14 states and offers some of the deepest domain expertise in water resources of any private firm in the Western United States.
“The acquisition of HGL is a key milestone in LRE Water’s growth plan, which includes the targeted acquisition of specialized water resource consulting firms to expand their service offerings, talent pool, geographic reach, and markets. LRE Water has collaborated with HGL staff on challenging projects, and have the utmost respect for their staff and approach to delivering effective solutions to mine water and mine waste management,” states Cortney Brand, President & CEO of LRE Water.
Both LRE Water and HGL staff members have significant geologic and hydrogeologic capabilities. HGL’s specialized mine water and mine waste management services will now be available to LRE Water clients; and LRE Water’s comprehensive suite of water rights, water information technology, groundwater modeling, and environmental characterization and permitting services will be accessible to HGL clients. HGL owners Anita Johnson and Brent Johnson, and talented and experienced staff, will continue to serve clients by leading LRE Water’s newly formed Mining Services group.
About HydroGeoLogica, Inc.
HydroGeoLogica was founded in 2007 and is headquartered in Golden, Colorado. HydroGeoLogica provides hydrogeological, geochemical, water management, and water quality services primarily to the mining industry. For more information visit www.hydrogeologica.com.
About Leonard Rice Consulting Water Engineers, Inc. (d/b/a LRE Water)
LRE Water was founded in 1970 and is headquartered in Denver, Colorado. LRE Water specializes in providing technical expertise in water resources with a particular focus on water rights, ground/surface water management and planning, and environmental management. For more information visit www.lrewater.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the environmental sector. For more information visit www.union-park.com.
HGL is a Golden, Colorado based firm that provides specialized domestic and international mining consulting services in geologic, hydrogeologic, and geochemical sciences with a focus on mine water and mine waste management. HGL has been operating since 2007 and has developed a strong and well respected presence in the global mining industry with on-the-ground project experience on six of seven continents. The combined LRE Water staff spans 14 states and offers some of the deepest domain expertise in water resources of any private firm in the Western United States.
“The acquisition of HGL is a key milestone in LRE Water’s growth plan, which includes the targeted acquisition of specialized water resource consulting firms to expand their service offerings, talent pool, geographic reach, and markets. LRE Water has collaborated with HGL staff on challenging projects, and have the utmost respect for their staff and approach to delivering effective solutions to mine water and mine waste management,” states Cortney Brand, President & CEO of LRE Water.
Both LRE Water and HGL staff members have significant geologic and hydrogeologic capabilities. HGL’s specialized mine water and mine waste management services will now be available to LRE Water clients; and LRE Water’s comprehensive suite of water rights, water information technology, groundwater modeling, and environmental characterization and permitting services will be accessible to HGL clients. HGL owners Anita Johnson and Brent Johnson, and talented and experienced staff, will continue to serve clients by leading LRE Water’s newly formed Mining Services group.
About HydroGeoLogica, Inc.
HydroGeoLogica was founded in 2007 and is headquartered in Golden, Colorado. HydroGeoLogica provides hydrogeological, geochemical, water management, and water quality services primarily to the mining industry. For more information visit www.hydrogeologica.com.
About Leonard Rice Consulting Water Engineers, Inc. (d/b/a LRE Water)
LRE Water was founded in 1970 and is headquartered in Denver, Colorado. LRE Water specializes in providing technical expertise in water resources with a particular focus on water rights, ground/surface water management and planning, and environmental management. For more information visit www.lrewater.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the environmental sector. For more information visit www.union-park.com.