SK Capital’s acquisition of Milestone Environmental Services intends to push for decarbonization. (Source: Shutterstock)
SK Capital announced on Oct. 4 its acquisition of Houston based company, Milestone Environmental Services LLC.
The acquisition is intended to expand carbon capture and sequestration (CCS) strategies to address global climate change. Milestone has announced several CCS projects and their hopes that this partnership will execute their energy transition developments for decarbonization by developing permanent injection sites.
“Our offerings enable companies to reduce their carbon footprint and enhance their ability to meet sustainability goals,” Gabriel Rio, CEO of Milestone Environmental Services, said in the release. “Permanent, safe sequestration of carbon is an essential part of combating climate change, and Milestone has the strategy and capabilities to play a leading role in delivering solutions to multiple industries.”
Houlihan Lokey served as financial adviser to SK Capital. Sachs and Co.and White and Case served as financial adviser to Milestone.
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