CAPE Announces Acquisition of CET Business Unit
ATLANTA, June 5 /PRNewswire/ -- Cape Environmental Management Inc (CAPE) announced today its acquisition of CET Environmental Services Inc.'s (CET's) Department of Defense (DoD) business units and its Southern California commercial operations. CAPE, which is headquartered in Atlanta, is best known for its work on DoD environmental remediation contracts, including several projects for the U.S. Army Corps of Engineers and U.S. Navy. CAPE has completed more than $38 million in Hazardous, Toxic and Radioactive Waste (HTRW) work during the past 3 years, including Superfund projects. CAPE's four primary environmental service areas are: environmental consulting/engineering, environmental remediation, industrial hygiene, and industrial hygiene/facilities abatement.
CET's business units, located in Tustin, California; Denver, Colorado; and San Antonio, Texas, specialized in environmental remediation, regulatory work with federal and state agencies, and the application of innovative remediation technologies. The addition of CET employees to the CAPE organization increases CAPE's staff count by nearly 30%.
"We are extremely excited about this acquisition," stated CAPE President and Chief Executive Officer Fernando Rios. "CAPE and CET have complementary technical capabilities, highly trained personnel, and strong cultures of quality performance and accountability. Having worked successfully with CET on several HTRW projects, we appreciate the caliber of the employees we are now adding to our organization. This is an important milestone toward CAPE's goal of becoming one of the nation's leading environmental services companies." |
