Triumvirate Environmental, a leading provider of environmental services, announced a significant growth investment from Berkshire Partners, alongside Triumvirate Environmental’s founder and CEO, John McQuillan, and the company’s team. McQuillan and the team will remain in their current roles. The new partnership will allow Triumvirate Environmental to expand into new regions, add new service lines, and further enhance its already leading technology capabilities. The partnership will also establish a broad-based employee ownership program for Triumvirate Environmental team members. The investment valued the business at $1.8 billion, while other financial terms were not disclosed.

Raymond James acted as the exclusive financial advisor to Triumvirate Environmental, and Stifel served as the exclusive financial advisor to Berkshire Partners. ArentFox Schiff provided legal counsel to Triumvirate Environmental. Goodmans and Ropes & Gray provided legal counsel to Berkshire Partners.