Copley Equity Partners invests in Triton Environmental Consultants

30 January 2023 2 min. read

Copley Equity Partners, a Denver-based private equity firm, has invested in Vancouver-based Triton Environmental Consultants.

Founded in 1989, Triton has more than 270 employees across offices in BC, Alberta, Saskatchewan, Ontario, and Nova Scotia. The firm provides environmental consulting on infrastructure projects in the power, oil and gas, mining, transportation, agriculture, and municipal development sectors – with a particular focus on wildlife and fisheries services.

Triton’s offerings include feasibility and constraints analysis, environmental assessments and permitting, and construction and post-construction environmental compliance monitoring.

“The Triton team has built a world-class environmental consulting business and we look forward to helping the team continue strong growth both organically and through acquisitions,” Jan Prokop, principal at Copley, said.

Copley Equity Partners invests in Triton Environmental Consultants

As part of the transaction, Triton’s existing shareholders will retain significant ownership and will continue to lead the company. Financial terms were not disclosed.

“We believe a partnership with Copley will set Triton up for continued growth across Canada and expansion into the United States, solidifying Triton’s leadership as an independent environmental consulting service provider,” Jason Harris, CEO of Triton, said.

Copley was founded in 2012 and partners with growing lower-middle market private companies. The firm’s targets are industry agnostic, selecting companies with $2 million to $25 million in earnings or free-cash flow, commonly with recurring revenue characteristics. Copley makes majority and minority investments of between $5 million and $75 million per transaction.

The environmental consulting sector has seen a degree of consolidation in recent years. WSP greatly expanded its environmental services practice in Canada with the landmark 2020 acquisition of Golder. WSP also last year added the Canadian environmental practice of John Wood Group through the acquisition of the UK firm’s global environmental practice.