Halle Capital-backed True Environmental Announces Acquisition of Padre Associates
Summary
VENTURA, Calif.--(BUSINESS WIRE)--Padre Associates (Padre), an innovative leader in natural resources and geoenvironmental services, today announced that it has joined True Environmental, Inc. ("True"), a platform focused on collaborating with founder and employee-owned environmental consulting and engineering firms to provide capital and management support solutions to accelerate growth and facilitate seamless ownership transitions. The partnership will enhance and broaden our service offerings through the additional resources, capabilities, and scale provided by the True platform. True Environmental is a partner that aligns with Padre’s core values, respects our culture, and is committed to supporting our clients.” Jim Stamatis, CEO of True Environmental, added, “Padre has built an exceptional organization known for its technical expertise, collaborative culture, and dedication to delivering high-quality solutions to both public and private sector clients. Led by CEO Jim Stamatis, a 30+ year industry veteran, True partners with founder and employee-owned firms, offering capital and operational support to accelerate growth and enable seamless ownership transitions. The firm leverages a thematic approach to building businesses in essential services industries, focusing on markets with high fragmentation and durable secular tailwinds.