Halle Capital, a private equity firm, has partnered with environmental services executive Jim Stamatis to form True Environmental.

True is building a platform to partner with and grow businesses in the environmental consulting, testing, inspection, and certification industry. Stamatis has over three decades of experience in the environmental industry and was appointed CEO of Louis Berger in 2015. During his tenure as CEO, Stamatis grew the company’s revenue by 65 percent to over $1 billion and the company’s EBITDA by more than 600 percent.

“I am excited to partner with Halle Capital to build a leading environmental consulting company,” says Stamatis. “Halle has demonstrated their ability to successfully launch platforms in highly fragmented industries with a strong operational focus. Their experience in working with entrepreneurs makes them a great partner to embark on this journey with True Environmental. After many years of working in this industry, I am convinced we are still in the early innings for growth and consolidation. We see exciting opportunities to partner with owners to provide liquidity and succession solutions, growth capital to broaden their service offerings and assistance with other functions such as accounting, human resources and marketing. Together, we’ll build a diverse set of capabilities to solve our country’s biggest environmental challenges while creating fulfilling and rewarding career paths for our talented employees.”