SK Capital Acquires Milestone Environmental Services
Summary
Leveraging its core competencies in waste sequestration, complex permitting and regulatory compliance, subsurface rights leasing, and geology analysis, Milestone’s CCS subsidiary, Milestone Carbon, is focused on enabling a broad range of industrial CO emitters to meet their decarbonization goals by developing and operating injection sites that permanently and securely sequester CO . It is well-positioned to further grow its core business in difficult-to-abate industries as environmental regulations become more stringent and Milestone’s customers are increasingly focused on meeting ambitious decarbonization targets. 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.” Latham & Watkins LLP acted as legal counsel and Houlihan Lokey served as financial advisor to SK Capital. Its subsidiary, Milestone Carbon, is devoted to helping multiple types of emitters meet their decarbonization goals by developing and operating injection sites that permanently and securely sequester CO below the surface. SK Capital’s portfolio of businesses generates revenues of approximately $17 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries.