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PRISM Spectrum Holdings, LLC

Operating Companies: PRISM Response, Inc., Spectrum Environmental, Inc.
Environmental Services

Founded 2010, PRISM is a specialty contractor that provides comprehensive environmental remediation and demolition services. PRISM’s management team consists of individuals each with over 30 years’ experience in the industry and a successful track record of completing thousands of projects throughout the United States. PRISM’s client diversity spans across a broad set of industries including manufacturing, healthcare, real estate development, mining, oil and gas, chemical, utilities, education and government agencies. They have a workforce of over 800 people and 13 locations nationwide. From press release.

CEO:  Shawn P Regan

CORPORATE HIGHLIGHTS

10/17/2018: Company acquires AAIS, Corp.

The AAIS acquisition is part of a series of acquisitions by PRISM, which recently included Environmental Holdings Group, LLC (EHG) and Copper Environmental, LLC, to provide comprehensive environmental remediation and demolition services.

BDC Credit Reporter View

The only BDC with exposure to the Company is Capital Southwest (CSWC), which started out in the IQ of 2018, with a mixture of debt (including a Revolver) and common equity in the private company. There's been no change in the valuation in the following quarter. However, the Company's capital needs must be material given the acquisitions. That might result in further borrowings and - possibly - a gain on the common equity owned. 

Updated: October 18, 2018

INVESTMENT HIGHLIGHTS

IQ 2018: CSWC provides Term Loan, Revolver and common equity.