CHS Capital Announces New CEO of LVI Services Inc.
CHS Capital announces Scott E. State, P.E. as the newly appointed President and CEO of LVI Services Inc., the nation's largest remediation and facility services firm. LVI is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.
"Scott has extensive experience with growing environmental- and construction-related companies and brings executive management expertise, a strong engineering background and outstanding technical skills," said Brian Simmons, Managing Partner at CHS Capital. "His experience in the energy and governmental contracting markets and the abatement discipline will contribute greatly to the growth strategy at LVI."
As a consultant since 2002, Mr. State, 47, has led several development and financial advisory projects with clients seeking to buy or sell major assets or to re-capitalize their businesses. Engagements have included a $120 million remediation of a 9,000-acre former military facility, technical program management consulting and executive-level support focused on cleaning up former nuclear weapons and nuclear power plant sites. Prior to consulting, Mr. State served as Chairman and CEO of MACTEC, Inc., a leader in engineering, environmental and construction services with 80 locations, directing and leading annual revenue growth from $ 45 million to more than $500 million.
Headquartered in New York, New York, LVI Services Inc. is the United States' leading provider of a wide array of integrated facility services, including environmental remediation, demolition, fireproofing and related services for commercial, industrial, multi-family residential and governmental facilities. LVI focuses on projects involving asbestos, lead paint, mold, infection control, hazardous materials, fireproofing, emergency and disaster services, and demolition. Current LVI projects include asbestos remediation at Madison Square Garden and the Pentagon and a demolition project at NASA’s Kennedy Space Center. Founded in 1986, LVI has more than 25 offices across the United States, is licensed in every state and is experienced in responding to natural and man-made disasters around the world. For additional information, please visit www.lviservices.com.
CHS Capital is a Chicago-based private equity firm with 22 years of experience investing in the middle market. Targeting well-managed companies with enterprise values between $75 - $500 million, CHS partners with management teams to focus on accelerating growth, enhancing capabilities and resources and positioning companies for attractive exits. CHS has specialized expertise in the Consumer & Business Services; Distribution; and Industrial, Infrastructure & Energy sectors and has completed 74 platform investments and 228 add-on investments. Founded in 1988, CHS has formed five private equity funds and has $2.3 billion of committed capital in active investment funds. For additional information about CHS Capital, please refer to the firm’s website at www.chsonline.com.