L2 Capital acquires Mid-Atlantic restoration provider Ecotone Inc
On July 7, L2 Capital Partners announced its acquisition of Ecotone Inc., a leading provider of ecological restoration-focused design, engineering, and construction services in the Mid-Atlantic.
Headquartered in Forest Hill, Maryland, with more than seventy employees, Ecotone is a provider of ecological design and restoration services in the United States. The Company provides a broad suite of services that solve the most challenging ecological problems for its longstanding federal, state, local and private customers. Since its inception in 1998, Ecotone has restored more than 33 miles of streams and riverine environments, and 1,250 acres of wetlands and habitats, and enables its customers to comply with federal, state and local laws, including the Environmental Protection Agency’s Clean Water Act and Total Maximum Daily Load plans to significantly reduce the volume of pollution flowing into major bodies of water. In addition to its restoration services, the Company also provides mitigation banking and stormwater management solutions. Ecotone is nationally recognized for nature-based solutions approach.
Scott McGill, Founder and CEO of Ecotone said, “For over 22 years, Ecotone has delivered the highest-quality ecological design and restoration services in the Mid-Atlantic region, primarily within the Chesapeake Bay watershed. . . Together, Ecotone and L2 now have the opportunity to accelerate the growth of the Company and the positive outcomes we provide to our clients and communities we serve.”
Connor McMahan, Partner at L2 Capital added, “L2 has significant experience in the environmental services sector and is very excited to partner with Scott McGill and the entire Ecotone team. The Company’s capabilities solve some of our society’s most sensitive ecological problems and the Company’s core values strongly align with those of L2.”
About L2 Capital Partners: L2 Capital Partners is a lower-middle-market private equity firm that specializes in making control investments in a diverse range of family and founder-built companies with demonstrated market leadership. L2 has a track record investing in business service and consumer product companies.
SOURCE: L2 Capital
