OMERS Private Equity and Alberta Investment Management Corp. (AIMCo) have agreed to sell their majority stake in U.K.-based Environmental Resources Management (ERM) to KKR. Financial terms were not disclosed.
ERM is the world’s largest pure-play sustainability consultancy, operating in over 40 countries with more than 5,500 partners and employees globally. ERM partners with major organizations to create solutions to sustainability challenges and unlock commercial opportunities.
Since investing in ERM in 2015, OMERS Private Equity and AIMCo have worked closely with the company and its management to support the business’ continued growth and development. This growth has been both organic and M&A-driven, with ERM having acquired and successfully integrated 14 highly complementary businesses during OMERS and AIMCo’s investment period.
The sale of ERM is OMERS Private Equity’s fourth realization in Europe and its fifth successful exit globally in the past
