CHICAGO, IL – Code Hennessy & Simmons LLC (“CHS”) is pleased to announce that Baker Tanks, a Fund IV portfolio company, based in Seal Beach, California, acquired Cameron Environmental, Inc. (CEI), a leader in high quality, specialty media filtration services. CEI provides water and air filtration services to a diverse customer base including the industrial, construction/remediation and municipal markets.

“The acquisition of CEI is perfectly aligned with our filtration growth strategy. The Company brings the critical technical expertise and experience base to supplement Baker Tanks’ strong market presence and operating infrastructure,” said Bryan Livingston, CEO of Baker Tanks. “These are exciting times for Baker Tanks given the strong growth in both our traditional business and in new products and markets. This acquisition serves as another key step in our continued efforts to expand our service offering,” added Livingston. Mehrzad Emanuel, the former owner of CEI, will remain with the Company and lead Baker Tanks’ filtration business nationally.

Today, Baker maintains an inventory of over 15,000 pieces of equipment with more than 17 varieties of tanks, roll off boxes, pumps, filtration and specialty equipment. Baker provides innovative solutions to an ever-expanding number of markets that include: Chemical, Manufacturing, Refining, Construction, Municipal, Industrial services, Environmental, Remediation, Power generation, Aerospace, Food processing, Tank terminal/pipeline operations, Transportation, Pulp and paper, Mining, Electronics Wastewater, and many others.

CHS worked closely with management to evaluate the opportunity, develop a comprehensive integration plan and arrange for the acquisition to be financed entirely out of Baker’s existing debt facilities. According to Richard Lobo, a Partner at CHS, “The acquisition of CEI is an important part of our strategy to expand Baker Tanks’ product and service offerings into attractive new markets. It will accelerate Baker Tanks’ growth in the filtration market and will provide Baker with a strong presence in the rapidly growing groundwater pollution control market.”

Founded in 1988, CHS is a Chicago-based private equity firm that manages more than $1.5 billion in capital in four funds. CHS focuses on building shareholder value in middle-market manufacturing, distribution and service companies through strong relationships with management teams and sound investment strategies.