SER Capital Partners acquired 100% of the outstanding shares of Charah Solutions, transitioning the company from a public listing to private ownership. The strategic rationale for the acquisition lies in aligning Charah’s essential environmental remediation services with SER’s specialized focus on sustainable industrial infrastructure. By taking the company private, SER aims to provide the necessary long-term capital and operational flexibility to execute complex, multi-year remediation projects for utility customers without the volatility of public markets. The transaction allows Charah to leverage SER’s deep expertise in renewable energy and environmental regulation to expand its footprint in the ash pond closure and site redevelopment sectors. This partnership is designed to strengthen Charah's position as a preferred sustainability partner for utilities facing increasing regulatory pressure to decommission legacy coal infrastructure and restore industrial sites for future green energy use.

CHARAH SOLUTIONS, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as high as the average currently observed in the Business Services sector (11.3x).

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