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.

Targets
Charah Solutions, Inc.
Sellers
Bernhard Capital Partners
Location
Kentucky, United States
Transaction Type
Buyout

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