2020 Environmental Group (2020) is pleased to announce the successful sale of Iris Environmental (Iris) to RPS Group for a maximum consideration of $13.5 million, all payable in cash. 2020 initiated the transaction and served as the exclusive M&A advisor to Iris.
Founded in 1999, Iris has its headquarters in Oakland California with a second office in Irvine California. The company employs about 35 staff and undertakes projects associated with managing environmental liabilities and risk primarily for private sector clients in California, particularly technology companies in Silicon Valley. In 2014, Iris had revenues of $10.1 million.
RPS Group, headquartered in Abington, United Kingdom, employs more than 5000 staff with offices in the UK, Ireland, the Netherlands, Norway, the United States, Canada and Australia Asia Pacific.
Alan Hearne, Chief Executive of RPS Group commented, "The acquisition of Iris further develops RPS Group activities in the US environmental risk/due diligence market.”