Savage, a provider of supply chain infrastructure and services, is focusing its growth on industrial infrastructure and agriculture projects with the sale of its EnviroServe business. An affiliate of New York-based private equity firm One Rock Capital Partners, LLC acquired EnviroServe and will establish it as an independent company.
“We believe this path will provide the best outcome for both Savage and EnviroServe,” says Savage President and CEO Kirk Aubry. “We have unprecedented growth opportunities in our Infrastructure and Agriculture sectors and will focus our resources to safely and sustainably grow with our Customers and Partners in these two parts of our business.”
Savage’s growth opportunities include expanding its geographic footprint with a focus on strengthening the renewable fuels supply chain, helping Customers and railroad Partners streamline first- and last-mile rail service, and adding to its port and terminal operations across North America.
With the sale to One Rock Capital Partners, Nathan Savage is retiring as Sector President, Environmental at Savage and will continue to lead EnviroServe as Chief Executive Officer, where he’ll play a key role in ensuring the successful transition of the business. He will remain on the Savage Board.
“We’ve built a distinctive environmental services business with a strong future, and we’re confident One Rock’s investment in the business will lead to opportunities for the EnviroServe team to grow and thrive,” says Nathan Savage.
