Vancouver, BC – January 5, 2013 – CAI Capital Partners (“CAI”) is pleased to announce that it has become a financial partner of GeoStabilization International, LLC (“GSI®” or the “Company”), formerly Soil Nail Launcher Inc., by way of a significant equity investment. GSI is a leading provider of outsourced geotechnical consulting, design engineering and specialty construction services throughout the U.S. and Canada. The Company possesses a unique capability to manage every aspect of soil and rock stabilization projects, from initial consulting and design through project completion and warranty.
CEO, Tim Ruckman, and President, Colby Barrett, will continue to lead GSI and execute on their strategy of becoming the dominant provider of geotechnical hazard mitigation services to entities responsible for providing continuous, safe usage of North America’s transportation infrastructure.
“We are very excited to partner with CAI, who have a long track record in helping infrastructure services businesses grow and expand,” noted Barrett. “We’ve always focused on providing best-in-class solutions to our customers and we believe that partnering with a value-added capital provider will allow us to grow more aggressively and further expand our service offerings.”
GSI, headquartered in Grand Junction, Colorado, uses its patented equipment and experienced staff to implement geotechnical solutions targeted at emergency and mission critical road and highway maintenance and repairs.
“CAI’s investment in GSI deepens CAI’s focus on the infrastructure services industry,” said Tracey McVicar, a Managing Partner at CAI. “GSI is a special company and we are thrilled to be partnering with Tim, Colby and their team. We look forward to working with GSI, both to continue building on past success in the U.S. as well as developing new opportunities together in Canada, an area in which CAI is well-suited to assist.”
About GeoStabilization International, LLC
Founded in 2002, GSI is engaged in geotechnical services and provides outsourced consulting, design engineering and specialty construction services throughout the U.S. and Canada. The Company provides expert geotechnical highway and road repair, both planned and emergency solutions for federal, state, local governments, railroads and private developments throughout the U.S. GSI’s solutions include soil and rock stabilization, bluff stabilization, rockwall repair, bridge and box culvert repair and replacement, retaining walls, sinkhole remediation, rockfall mitigation and excavation shoring. For additional information, please visit www.geostabilization.com.
About CAI Capital Partners
CAI Capital Partners is a Vancouver-based private equity firm focused on partnering with and growing founder-owned businesses in the Canadian lower middle market. Over three decades, CAI has invested C$1.4 billion into companies across North America. For additional information, please visit www.caifunds.com.