Mississippi Lime parent acquires Pittsburgh environmental services company
Jun 15, 2015, 2:49pm CDT Updated Jun 15, 2015, 2:56pm CDT
Brian Feldt
St. Louis Business Journal
HBM Holdings, one of St. Louis’ largest privately held companies with an estimated $500 million in 2014 revenue, has acquired Breen Energy Solutions, a Carnegie, Pennsylvania-based environmental services company.
Terms of the deal, which closed June 1, weren’t disclosed.
HBM is the parent company of Mississippi Lime and two other companies, Delavau and Tru-Flex.
Mike DeCola, chairman, CEO and president said Breen will report directly to Mississippi Lime President and CEO Bill Ayers, who will also now serve as Breen’s CEO.
Ayers didn’t immediately return a phone call for comment.
Breen has developed technology that helps coal-fired power plants manage their emissions. “Environmental remediation and treatment is a good space to be in and we have some interest and expertise in the industry as well,” DeCola said.
DeCola said he believes HBM can help Breen expand into international markets, where demand for coal-fired power plants are more in demand.
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