Transaction Overview
- Represented Barr GeoSpatial in the sale of its business to PNC Riverarch, a Pittsburgh-based private equity group.
- BGS is a prominent provider of geospatial services, utilizing aerial LiDAR, imaging, surveillance, methane leak detection and AI technology. Their expertise lies in mapping assets and critical infrastructure across North America.
- BGS holds the distinction of being the largest independent aerial LiDAR acquisition provider in North America, delivering a comprehensive suite of services encompassing aerial acquisition, ground control, processing and analytics.
- BGS has collected client data for a variety of industries and clientele, including utilities, energy infrastructure, forestry, natural resources and for all levels of government.
Drivers of Interest
- Mission-critical geospatial services across environmental and critical infrastructure.
- Delivering solutions to complex compliance and engineering requirements.
- Strong tailwinds and runway across a variety of recession-resistant industries applications.
- Differentiated equipment fleet, operational infrastructure and national footprint.
- Industry-leading safety program and culture that is a considerable barrier to entry.
- Experienced leadership team focused on safety, service and growth.
- Multiple near-term organic and in-organic growth levers.
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