AWC Announces Investment in Advanced Construction Technologies and Applied GeoKinetics October 25, 2021
American Working Capital (“AWC”) is pleased to announce an investment alongside Delos Capital (“Delos”) and Company management in ACT GeoKinetics Topco (“ACT GeoKinetics” or the “Company”), an entity formed to acquire Advanced Construction Technologies (“ACT”) and Applied GeoKinetics (“GeoKinetics”). ACT GeoKinetics is the leading environmental engineering and design/build firm focused on complex soil vapor intrusion issues. The Company offers full lifecycle solutions from site assessment and permitting to design, installation, maintenance and monitoring of complex vapor intrusion mitigation systems for commercial and residential real estate developers, owners, and operators as well as municipal governments and commercial customers.
The increasing scarcity of uncompromised land for prime development and a continuously more restrictive regulatory environment create an acute need for integrated geotechnical and soil vapor intrusion assessment, implementation and monitoring solutions. ACT GeoKinetics is uniquely capable and expertly positioned to deliver services and solutions which unlock value and mitigate risk for the commercial, residential and municipal real estate development market. AWC and Delos have invested in ACT GeoKinetics to support its further growth and development as the premier national provider of soil vaper intrusion assessment-mitigation solutions.
“We are excited to partner with Glenn Tofani, Scott Cole and the rest of the Company’s management team. The leadership of ACT GeoKinetics is truly world-class in its industry and has helped to set the standard by which many cities regulate vapor intrusion risk and the solutions to mitigate the risk” said Jason Rosenthal, Partner at AWC. Glenn Tofani P.E., ACT GeoKinetics’ Chief Executive Officer, stated, “I am thrilled about the opportunity to partner with AWC and Delos to expand our geographic reach to serve existing and new customers on a national basis while continuing to deliver the great service we have always delivered for our clients in the Western United States.”
About American Working Capital: AWC provides equity and structured equity capital to address ownership transition and growth capital needs in privately-held companies. AWC is active across a range of industries with a particular focus on transportation/logistics, environmental services, distribution, and business services.
About Delos Capital: Delos, founded in 2013, is a lower middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments.