Rockville, MD (October 8, 2019) — Apex Companies LLC (Apex) today announced the acquisition of Retention Pond Services Inc. (RPS), a regional leader in stormwater compliance, maintenance, and repair services. Through this transaction, Apex—a water resources, environmental services, and industrial hygiene firm—solidifies its position as the largest midmarket stormwater compliance and services provider in the US.
RPS has more than 23 years of experience inspecting, maintaining, and repairing stormwater systems and infrastructure for companies and municipalities, including supporting the largest brick-and-mortar retailer in the country since 2002.
“Like Apex, RPS has evolved with the regulatory environment and is adept at solving our clients’ most complex stormwater challenges,” says David Fabianski, Apex’s president and CEO. “Additionally, their regional presence complements our nationwide capacity in stormwater management and their talent brings added depth that we’re thrilled to have as part of Apex.”
“RPS and Apex have many shared capabilities and values that are vital to growth and innovation in the stormwater sector,” says Edward Coleman, RPS Chief Operating Officer. “Joining Apex provides an exciting opportunity for us to evolve even further and we look forward to working, growing, and innovating together.”
Apex is backed by Sentinel Capital Partners, a private equity firm that specializes in buying and building businesses in the lower midmarket in the US and Canada in partnership with management.