In the News
Crescentia Capital’s AllClear Underground Solutions, LLC Acquires Engineered Spray Solutions
BALTIMORE, MD – Sept. 16, 2024 – Crescentia Capital, (“Crescentia”) is pleased to announce that its portfolio company AllClear Underground Solutions, LLC (“AllClear”), a leading provider of underground water and wastewater infrastructure maintenance services, has completed its acquisition of Engineered Spray Solutions (“ESS” or the “Company”).
ESS, founded 2015, specializes in spray-applied infrastructure rehabilitation. ESS rehabilitates deteriorated wastewater, stormwater, and chemical containment structures by applying restorative coatings and anti-corrosion protective linings. The Company operates out of Lakeland, FL with satellite branches in Georgia and Tennessee. It has established strong relationships with municipalities throughout the Southeast.
Brian Johnson, Chief Executive Officer of AllClear, expressed his enthusiasm about the acquisition, saying, “We are thrilled to join forces with ESS to enhance the delivery of our comprehensive suite of inflow and infiltration prevention services throughout the Southeastern United States. This acquisition not only expands our customer base and geographic reach but also diversifies our service offerings, further solidifying AllClear’s position as a regional leader in the industry. We are especially excited to welcome ESS’s talented and customer-focused operations team into the AllClear family.”
Jim Collier, President of ESS, also commented, “The team at ESS is enthusiastic about our partnership with Brian and the AllClear leadership team. Their investment will empower us to offer additional complementary services, modernize our assets, and provide enhanced value to our loyal customers.”
About AllClear Underground Solutions, LLC
Founded in 2022 through the acquisition of Rowland Inc., a family-operated enterprise with over three decades of expertise, AllClear delivers a wide array of underground rehabilitation services. AllClear’s offerings include open-cut water and wastewater pipe repair, cementitious and epoxy-based manhole and asset rehabilitation, trenchless cured-in-place pipe (CIPP) lining, and closed-circuit television (CCTV) pipe inspection. Headquartered just outside of Tampa, Florida, AllClear serves a diverse clientele across the Southeast, providing essential infrastructure solutions to numerous municipalities in Florida, Georgia and Tennessee.
About Engineered Spray Solutions
Founded in 2022 through the acquisition of Rowland Inc., a family-operated enterprise with over three decades of expertise, AllClear delivers a wide array of underground rehabilitation services. AllClear’s offerings include open-cut water and wastewater pipe repair, cementitious and epoxy-based manhole and asset rehabilitation, trenchless cured-in-place pipe (CIPP) lining, and closed-circuit television (CCTV) pipe inspection. Headquartered just outside of Tampa, Florida, AllClear serves a diverse clientele across the Southeast, providing essential infrastructure solutions to numerous municipalities in Florida, Georgia and Tennessee.
About Crescentia Capital
Crescentia Capital, the equity buyout business of Calvert Street Investment Partners, focuses primarily on control investments in companies providing critical or essential services to the industrial and infrastructure end markets. Crescentia has been partnering with families and owner-operators to accelerate growth and drive value creation in lower middle-market companies since 1995. Crescentia collaborates closely with its operating partners and management teams, employing a disciplined investment approach that aligns our interests and commitment to the strategic growth plan. Collectively, the investment professionals have invested more than $605 million of capital (including co-investment amounts) across 70+ companies. For more information, please visit: www.crescentiacapital.com.