Adler & Allan Announces New Investment from Private Equity at Goldman Sachs Alternatives

30th April, 2024 - Today, Adler & Allan (the “Company”), a leading provider of environmental risk reduction and advisory services, announced that the Private Equity business within Goldman Sachs Alternatives (“Goldman Sachs”) will acquire a majority stake in the Company from an affiliate of Sun European Partners, LLP (“Sun European”), subject to customary antitrust and regulatory approvals. The transaction is a key milestone in Adler & Allan’s mission to solve industries’ biggest environmental challenges from reducing pollution and preventing harm to the environment, to mitigating the effects of climate change. 

Founded in 1926 and headquartered in Harrogate, Adler & Allan is a leading UK-based environmental risk reduction specialist, supporting organisations in managing, improving, maintaining, and upgrading their critical infrastructure across the entire asset lifecycle. The Company is a national turnkey partner to the utilities sector with services from strategic infrastructure advice, monitoring, data and analytics, frontline operational capability, and environmental consultancy. Under Sun European’s ownership, the Company has more than doubled in size and newly established a Water Services division dedicated to supporting the UK’s largest water utility companies on managing their wastewater and freshwater networks. 

As Adler & Allan embarks on its next phase of growth, focused on broadening their service offering to further support clients with a wide range of environmental risk challenges, the partnership with Goldman Sachs will accelerate the Company’s growth plans both organically with investment in people, innovation, and technology, and through targeted M&A activity to expand its service offering and geographic footprint. The existing management team under the leadership of Group CEO Henrik Pedersen will continue to lead the Company through the next stage of its exciting journey. 

Henrik Pedersen, Chief Executive Officer of Adler & Allan, said: “The announcement today is a real endorsement of the critical nature of the services we provide, our dedicated people, and the growth potential in the environmental services market we operate in. I’d like to take this opportunity to thank the Sun European team for the support they have given us during our partnership, which has been transformational for the Company and positioned us well for the future. I’m deeply excited to partner with the Goldman Sachs team who share our vision on the next phase of growth, enabling us to continue to support our customers overcome their biggest environmental challenges of the 21st century.” 

Jose Barreto and Mihir Lal from the Private Equity business at Goldman Sachs Alternatives, commented: “Adler & Allan has a 100-year heritage in supporting operators of critical infrastructure assets with their most complex environmental challenges including pollution, climate change, sustainability and preventing environmental harm. We have been impressed with the Company’s leading reputation for high service quality, deep technical expertise and the breadth of their service offering. We are delighted to partner with the Adler & Allan team and look forward to accelerating the company’s growth trajectory. We see tremendous value creation opportunity for the business via our platform both organically, and through a targeted acquisition strategy both in the UK and overseas with a continued focus on sustainability, climate transition, and water.” 

Paul Daccus, Senior Managing Director, and Alexander Wyndham, Managing Director, at Sun European Partners, said: “We are extremely proud of Adler & Allan’s growth and success since our investment in 2020. The Company is a unique platform, with a leading reputation for excellence, in the growing environment risk management market. It’s been a pleasure working with Bob, Henrik, and the whole Adler & Allan team during our partnership and we look forward to watching them continue their growth trajectory with their new investor. We’d like to thank them for all their hard work and wish them all the success for the future.” 

The deal is expected to complete during the second half of 2024, subject to customary antitrust and regulatory approvals. 

Sun European was advised on the transaction by Houlihan Lokey (M&A), OC&C (Commercial), KPMG (Financial & Tax) and Weil, Gotshal & Manges LLP (Legal). Goldman Sachs was advised on the transaction by Linklaters (Legal), EY Parthenon (Commercial), and KPMG (Financial & Tax).

About Adler & Allan

Adler & Allan provides market leading environmental risk reduction through preventative and responsive solutions, offering an expert 24-7 service to its customers. Adler & Allan’s customers include multinational blue-chip organisations across a wide range of sectors both private and public. Adler & Allan give its customers peace of mind in detecting and identifying the environmental risks posed to their business. Its broad range of risk mitigation products and services keep businesses strong, reducing the prospect of litigation, costly fines and bad publicity, as well as reducing the threat to the environment. In a world where the environment and legislation are in constant flux, Adler & Allan also provides emergency response in a variety of settings. Learn more about Adler & Allan 

https://www.adlerandallan.co.uk/

About Private Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $2.8 trillion in assets under supervision globally as of December 31, 2023. Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios. Follow us on LinkedIn.

Media Contacts

For Goldman Sachs Alternatives

 Joseph Stein

 +44 0207 774 4080