Union Park Capital Invests in Sonoma Technology, Forms Spheros Environmental Group

Spheros Environmental Acquires Northwater Consulting

May 5, 2025

Environmental Services

Spheros Environmental has acquired Northwater Consulting, a water resources and geosciences consulting firm with offices in Illinois, North Carolina, Michigan and Arizona. The deal — announced by Spheros and sponsor Union Park Capital — strengthens Spheros' technical capabilities in groundwater modeling, geophysics, and source water protection and expands its geographic reach; it marks the sixth acquisition for Spheros Environmental.

Union Park Capital Makes Majority Investment in HydroGeoLogica

November 30, 2023

Environmental Services

Union Park Capital, a Boston-based private equity firm, has made a majority investment in HydroGeoLogica, Inc., a Golden, Colorado-based mining-focused hydrogeology and geochemistry consulting firm. HydroGeoLogica will form a new Mining Services Group within LRE Water (a Spheros Environmental company), with founders Anita Johnson and Brent Johnson continuing to lead the group.

Blackstone Acquires Sphera from Genstar Capital

July 6, 2021

Cloud & SaaS

Blackstone's private equity funds agreed to acquire Sphera, a provider of ESG-focused SaaS, data and consulting services, from Genstar Capital in a transaction valuing the company at approximately $1.4 billion. The deal positions Blackstone to accelerate Sphera's growth in ESG software, data and advisory services globally.

Union Park Capital Makes Majority Investment in Timberline Aquatics (to Join LRE Water)

June 28, 2024

Environmental Services

Union Park Capital has made a majority investment in Timberline Aquatics, Inc., which will join the Environmental Services practice at LRE Water, a Spheros Environmental company. The acquisition integrates Timberline’s aquatic ecological assessment and taxonomic identification capabilities into LRE Water’s platform to expand service offerings, technical expertise, geographic reach, and talent.

H.I.G. Capital to Acquire Spheros (Valeo Thermal Commercial Vehicles Division)

March 14, 2024

Automotive

H.I.G. Capital (via an affiliate) has signed a definitive agreement to acquire Valeo's Thermal Commercial Vehicles division, which will operate as Spheros after closing. Headquartered in Gilching (Munich), Germany, Spheros is a global developer and manufacturer of thermal management and HVAC systems for buses, coaches and refrigerated transport; the transaction is a carve-out from Valeo and is expected to close in 2024 subject to regulatory approvals.

Sphera Acquires SupplyShift

January 17, 2024

Cloud & SaaS

Sphera, a global provider of ESG performance and risk management software backed by Blackstone, has acquired SupplyShift, a Santa Cruz–based supply chain sustainability software company. The acquisition aims to expand Sphera's supply chain transparency and Scope 3 emissions tracking capabilities by integrating SupplyShift's supplier-mapping, scoring and traceability platform and its network of more than 100,000 suppliers.