American Environmental Group Ltd (AEGL) of Richfield, Ohio, announced in an Oct. 10 press release that it has acquired Power Management Inc. (PMI) of Goleta, Calif.
Carl Apicella, president of AEGL, said: “The merger of the PMI and AEGL teams creates a powerful force in the specialty environmental and energy services markets. Adding PMI’s southern and northern California operations centers also improves AEGL geographical coverage and, at the same time, creates a national platform to deliver PMI’s services to power generation markets.”
The release described “AEGL’s continu[ing] strategic growth plans that include diversification into complementary product and service offerings as well as geographic expansion, not only to broaden AEGL’s client base, but also to allow for more immediate response and enhanced client support.”
AEGL’s other recent acquisitions include the geosynthetics installation division of GSE, based in Houston, and Mid-American Lining Co., based in Union City, Tenn., according to the press release.
“I am excited about combining PMI’s resources with AEGL, which will allow our energy services division to grow by capitalizing on the ongoing expansion of smaller power production facilities nationwide,” said Randy Chapman, PMI’s president and one of its founders. “Our West Coast U.S. operations will be expanded to serve clients’ projects east of the Mississippi, plus we intend to leverage our expansion within the broad AEGL client base.”
PMI will continue to operate out of its Goleta office as the Energy Services Division of AEGL.