UNION PARK CAPITAL ANNOUCES INVESTMENT IN TIMBERLINE AQUATICS
Boston, MA – June 28, 2024. 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 Timberline Aquatics, Inc. (“Timberline”). Timberline will join the Environmental Services practice within LRE Water, a Spheros Environmental Company.
Timberline is a Fort Collins, Colorado-based firm that provides technical evaluation and characterization of aquatic ecosystems through the sampling, sorting, identification, and analysis of benthic macroinvertebrates. Timberline has operated since 2006, and has developed a strong and well-respected presence in the implementation of studies and testing designed to evaluate biological communities in aquatic environments. The combined LRE Water staff of 100+ employees spans 14 states and offers some of the deepest domain expertise in water resources of any private firm in the Western United States.
"We are thrilled to announce LRE Water's acquisition of Timberline Aquatics, Inc., to expand and enhance our environmental stewardship services," said Carolyn Nobel, SVP, Business Leader of LRE Water. "By combining Timberline’s expertise in aquatic ecological assessments with LRE Water’s advanced water quality analysis and resource management solutions, we are equipped to deliver even greater value to our clients. We look forward to the exciting opportunities this acquisition brings and the positive impact it will have on the communities and environments we serve."
“From day one, Timberline’s goal has been to provide reliable, scientific results, with a level of expertise, dedication, and commitment that exceeds expectations,” said Dave Rees, owner of Timberline Aquatics, Inc. “LRE Water is clearly aligned with this goal. We look forward to being a part of LRE Water and contributing our expertise to develop solutions to effectively manage water resources.”
“The acquisition of Timberline Aquatics is a key component in LRE Water’s growth plan, which includes the targeted acquisition of specialized water resource consulting firms to expand our service offerings, talent pool, geographic reach, and markets. We have collaborated with Timberline staff on numerous projects, and have the utmost respect for their staff,” states Cortney Brand, Director of Growth and M&A for Spheros Environmental.
About Timberline Aquatics, Inc.
Timberline Aquatics, Inc. was founded in 2006 and is an environmental consulting company with a focus on the evaluation of aquatic ecosystems. Timberline specializes in taxonomic identification and analysis. For more information visit www.timberlineaquatics.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.
Timberline is a Fort Collins, Colorado-based firm that provides technical evaluation and characterization of aquatic ecosystems through the sampling, sorting, identification, and analysis of benthic macroinvertebrates. Timberline has operated since 2006, and has developed a strong and well-respected presence in the implementation of studies and testing designed to evaluate biological communities in aquatic environments. The combined LRE Water staff of 100+ employees spans 14 states and offers some of the deepest domain expertise in water resources of any private firm in the Western United States.
"We are thrilled to announce LRE Water's acquisition of Timberline Aquatics, Inc., to expand and enhance our environmental stewardship services," said Carolyn Nobel, SVP, Business Leader of LRE Water. "By combining Timberline’s expertise in aquatic ecological assessments with LRE Water’s advanced water quality analysis and resource management solutions, we are equipped to deliver even greater value to our clients. We look forward to the exciting opportunities this acquisition brings and the positive impact it will have on the communities and environments we serve."
“From day one, Timberline’s goal has been to provide reliable, scientific results, with a level of expertise, dedication, and commitment that exceeds expectations,” said Dave Rees, owner of Timberline Aquatics, Inc. “LRE Water is clearly aligned with this goal. We look forward to being a part of LRE Water and contributing our expertise to develop solutions to effectively manage water resources.”
“The acquisition of Timberline Aquatics is a key component in LRE Water’s growth plan, which includes the targeted acquisition of specialized water resource consulting firms to expand our service offerings, talent pool, geographic reach, and markets. We have collaborated with Timberline staff on numerous projects, and have the utmost respect for their staff,” states Cortney Brand, Director of Growth and M&A for Spheros Environmental.
About Timberline Aquatics, Inc.
Timberline Aquatics, Inc. was founded in 2006 and is an environmental consulting company with a focus on the evaluation of aquatic ecosystems. Timberline specializes in taxonomic identification and analysis. For more information visit www.timberlineaquatics.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.