Clairvest Partners with NCS Engineers
Summary
TORONTO, April 10, 2025 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (CVG) today announced that it, together with Clairvest Equity Partners VII (CEP VII, collectively Clairvest), has made a minority equity investment in NCS Engineers (NCS or the Company) to support the Companys growth, employee development and customer delivery. The transaction is part of Clairvests multi-year focus on the environmental consulting & engineering domain and represents our first partnership in this sector.Founded in 1998 by CEO Ramesh (Ram) Narasimham, NCS provides turn-key water and wastewater engineering solutions across the U.S., with a focus on Arizona, Nevada, California, Texas, Maryland, and Virginia. water and wastewater systems face critical issues, which in turn are creating opportunities for engineering firms to offer solutions which tackle challenges ranging from aging infrastructure, water scarcity, climate resiliency, and emerging contaminants. We are excited to partner with Ram and the management team at NCS Engineers as we support their vision of leveraging their strong reputation with clients to grow across the U.S., said Michael Castellarin, Managing Director of Clairvest.Partnering with Clairvest positions us to create new and exciting opportunities for our employees and will allow us to better serve our clients. Under the current management team, Clairvest has initiated investments in 68 different platform companies and generated top quartile performance over an extended period.