SER Capital Partners Acquires Charah Solutions
July 13, 2023
Funds managed by SER Capital Partners completed the acquisition of Charah Solutions, Inc., a Louisville-based provider of environmental remediation, ash management and byproduct recycling services to the power generation industry, for $6.00 per share. The transaction (approved July 12, 2023) takes Charah private from Bernhard Capital Partners and other shareholders; Charah's outstanding 8.50% Senior Notes remain obligations of the company and the business will continue operating under SER with its existing management and nearly 600 employees.
- Buyers
- SER Capital Partners
- Targets
- Charah Solutions, Inc.
- Sellers
- Bernhard Capital Partners
- Industry
- Environmental Services
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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