Close this search box.

Partner News

Adler & Allan Announces New Investment from Goldman Sachs Alternatives

Written by...

Picture of Anamika Talwaria

Anamika Talwaria

Editor & Head of Content for Tank Storage Magazine & StocExpo and Chair of Women in Tanks.
Figure on coins

Leading environmental risk reduction and advisory services organisation Adler & Allan has announced that the private equity business at Goldman Sachs Alternatives will acquire a majority stake. The transaction is a key milestone in Adler & Allan’s mission to solve industries’ biggest environmental challenges from reducing pollution and preventing harm to the environment, to mitigating the effects of climate change.

As Adler & Allan embarks on its next phase of growth, focused on broadening its service offering to further support clients with a wide range of environmental risk challenges, the partnership with Goldman Sachs will accelerate its growth plans both organically with investment in people, innovation, and technology, and through targeted M&A activity to expand its service offering and geographic footprint.

Henrik Pedersen, Chief Executive Officer, Adler and Allan

Henrik Pedersen, CEO of Adler & Allan, says: ‘The announcement today is a real endorsement of the critical nature of the services we provide, our dedicated people, and the growth potential in the environmental services market we operate in. I’m deeply excited to partner with the Goldman Sachs team who share our vision on the next phase of growth, enabling us to continue to support our customers to overcome their biggest environmental challenges of the 21st century.’

Jose Barreto and Mihir Lal from the Private Equity business at Goldman Sachs Alternatives, comments: ‘Adler & Allan has a 100-year heritage in supporting operators of critical infrastructure assets with their most complex environmental challenges including pollution, climate change, sustainability and preventing environmental harm. We have been impressed with their leading reputation for high service quality, deep technical expertise, and the breadth of service offering. We are delighted to partner with the Adler & Allan team and look forward to accelerating the company’s growth trajectory both organically, and through a targeted acquisition strategy both in the UK and overseas with a continued focus on sustainability, climate transition, and water.’

The deal is expected to complete during the second half of 2024, subject to customary antitrust and regulatory approvals.

Share this article:

Partner news

All News

ILTA Announces Safety Awards 2024

28 terminal member companies were honoured at the Annual ILTA Safety Awards Presentation and Breakfast for achieving outstanding safety performance in 2023. ILTA’s Platinum Safety Award was presented to two

Read More