Adexum acquired an initial 44% stake in Enviropacific Services Pty Limited in November 2014.
EPS was founded in 2001 by Matthew Fensom and Cameron McLean to provide environmental engineering services to multi-national industrial and resources companies, property developers and Government clients. EPS is now a national organisation with forecast revenues and earnings before interest, taxation and deprecation (“EBITDA”) of $96 million and $12 million respectively for the year ending 30 June 2015.
Currently EPS consists of two primary divisions – Environmental Engineering/Remediation and Petroleum Services and two emerging divisions – Water and Vapour Management and Products.
Adexum considers EPS to be a classic development capital opportunity that meets all Adexum’s investment criteria: