The Firm represented Applied-Cleveland Holdings, a First Reserve portfolio company, in connection with its acquisition of both Encompass Energy Services and Perennial Environmental Services. Applied-Cleveland is a leading provider of inspection and integrity management services for energy infrastructure assets in North America. Financial details of the transactions were not disclosed.
Encompass provides infrastructure surveying, drafting, GIS and right-of-way services, primarily for pipeline infrastructure operators across North America. Perennial provides environmental consulting and inspection services, primarily for pipeline infrastructure operators across North America.
The Simpson Thacher team included Michael T. Holick, Christopher Scavone and Alexander Cushman (M&A); Alden Millard, Michael Vernace, Jacqueline Yuan and Eric Wisotsky (Credit); John J. Creed (Tax); Larry Moss, Alisa Tschorke and Monisha Bhayana (Executive Compensation and Employee Benefits); Lori Lesser and Kate Stein (Intellectual Property); Krista McManus (Real Estate); Michael Isby and Timothy Mulvihill (Environmental); and David Caldwell (Regulatory).