Hammond, Kennedy, Whitney & Company, Inc. Announces Add-On Acquisition By ProAct Services Corporation
Indianapolis, IN, April 12, 2016 – ProAct Services Corporation (“ProAct”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the acquisition of the Long Beach, CA Division of FSI Field Specialties, Inc. (“FSI” or “the Company”) on April 12, 2016. FSI, headquartered in Long Beach, California, further expands ProAct’s degassing and air pollution control capabilities.
Frank Smiddy, CEO of ProAct, stated, “This is a great opportunity to expand our degassing and vapor control services to the western part of the United States.”
“The acquisition of the Long Beach, CA Division of FSI is another exciting addition to the ProAct business, further expanding the Company’s geographic footprint in environmental services,” said Mike Foisy, HKW’s Lead Operations Partner and Chairman of ProAct’s Board of Directors.
ProAct, headquartered in Ludington, MI, is an environmental treatment solutions provider focused on removing contaminants from water, air, and soil for clients across the United States and abroad. For additional information on ProAct, please visit http://www.proact-usa.com/.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 51 platform transactions of lower middle-market companies throughout North America, as well as 57 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com