FOR IMMEDIATE RELEASE
Director Marketing & Communications
Geo-Synthetics Systems LLC, a new subsidiary of Babcock Power Environmental Inc., purchases substantially all of the assets of Geo-Synthetics, LLC. (GSI)
A new subsidiary of Babcock Power Environmental Inc., Marlborough, MA, a Babcock Power Inc. company, purchases substantially all of the assets of Geo-Synthetics, LLC, Waukesha, WI.
Marlborough, MA – It was announced today that a new subsidiary of Babcock Power Environmental Inc., a fully integrated environmental company providing solutions to utility power plants, waste-to-energy facilities, and large industrial applications worldwide, purchased substantially all of the assets of Geo-Synthetics, LLC (GSI), Waukesha, WI. The transaction was completed March 7, 2018.
GSI is a leading installer of geosynthetic materials for industries such as energy, waste disposal, agricultural, and industrial. GSI has been providing this service since 1985. In addition, GSI offers a full range of erosion and sediment controls and fabricates GEOSTRUX™ geotextile tubes. GEOSTRUX™ geotextile tubes are utilized as a cost-effective solution for de-watering and material handling solutions. GEOSTRUX™ are produced using high strength woven fabrics which are manufactured to exacting standards by in-house fabrication.
“We are excited to expand our reach into the environmental solutions market with the creation of a new subsidiary to acquire substantially all of the assets and entire operations of GSI,” states Jim Dougherty, President of Babcock Power Environmental Inc. (BPE). “We believe the business GSI built has strong name recognition with customers and we see GSI as a complement to our existing business growth strategy.
“Babcock Power Environmental has industry expertise that uniquely positions them in the power sector to expand GSI’s established services,” says John O’Connell, President of GSI. “I embrace the opportunity to work with their visionary leadership team through the upcoming transition and together as we forge into the future.”
ABOUT BABCOCK POWER INC.
Babcock Power Inc., www.BabcockPower.com, through its subsidiaries, is one of the world’s leading suppliers of technology, equipment, and services to the power generation industry. Babcock Power subsidiary companies include: Vogt Power International Inc. (Louisville, KY), Thermal Engineering International (USA) Inc. (Cerritos, CA), Babcock Power Environmental Inc., Riley Power Inc. and Babcock Power Services Inc. (Marlborough, MA), Boiler Tube Company of America (Lyman, SC), TEiC Construction Services, Inc. (Duncan, SC), TEiC Heat Exchanger Services, Inc. (Limerick, PA) and Struthers Wells Line of Products (Cerritos, CA).