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Halle Capital-backed True Environmental Announces Acquisition of Sphere 3 Environmental, Inc.

Sphere 3 Environmental, Inc. ("Sphere 3"), a full-service environmental consulting firm, 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 union further enhances True's mission of building a best-in-class environmental consulting and engineering platform.

The founder of Sphere 3, Gayle Kirkland, expressed her enthusiasm for the company’s partnership with True Environmental, stating, “Today marks a significant milestone in Sphere 3’s continued evolution. This partnership aims to invest in Sphere 3's talented and dedicated team of professionals and aligns perfectly with our commitment to delivering exceptional value to our clients while complementing and expanding our service offerings with the additional resources, capabilities, and scale of the True platform. True Environmental is a group that shares Sphere 3's values, respects our culture, and is committed to supporting our clients.”

Adam Black, Sphere 3’s new President, added, “This partnership provides a tremendous opportunity to build on the recognized achievements of our team. True Environmental’s expertise and suite of capabilities will greatly strengthen our service offerings and resources available to clients. By investing in our people and partnering with a group that shares our values, Sphere 3 is well-positioned to continue evolving and better serving our clients’ needs.”

"Sphere 3 has established an excellent company that focuses on engaging its employees and providing exceptional client service to private and public sectors. We are excited to collaborate with Gayle, Adam and Sphere 3’s management, including discipline leaders Crissy Forrest, Clint Scurlock, and Kerri Smith, along with the entire Sphere 3 team, to consistently deliver best-in-class solutions that address their clients' intricate environmental problems," said Jim Stamatis, CEO of True Environmental.

About True Environmental

True Environmental ("True"), backed by Halle Capital, is a platform focused on building a consulting and engineering organization for environmental end markets. True Environmental is led by Jim Stamatis, former CEO of Louis Berger and 30-plus-year industry veteran. True seeks to partner with founder- and employee-owned consulting and engineering firms, providing capital solutions to accelerate growth and liquidity events for ownership transition.

About Sphere 3 Environmental

Founded in 2002, Sphere 3 Environmental provides environmental consulting services to a diverse client base, including Fortune 500 companies and government, commercial, and industrial clients. Sphere 3 is a multidisciplinary organization that provides a diverse range of services to its clients. The company’s wide range of expertise enables them to deliver high-quality services that meet each client's unique needs.

About Halle Capital

Halle Capital is a lower-middle market, growth-oriented private equity firm based in New York. The firm leverages its professionals' experience and network to pursue investment opportunities in healthcare services and business/consumer services. The firm partners with experienced management teams to build businesses in highly fragmented markets with durable secular tailwinds.

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