General Environmental Management Inc. is currently in the process of shifting its business focus from hazardous waste field services to the more lucrative and faster-growing water treatment and waste-to-energy markets. Having successfully built one of the most well-run field companies in the country, the company’s management is confident they can move the company towards a more profitable future in the water treatment and waste-to-energy industries.
The management of General Environmental has secured the services of long-time sponsor of the company, General Pacific Partners, to assist them to explore and evaluate wastewater business acquisition opportunities, particularly in the western areas of the United States such as California. The company has already inked a deal to acquire a profitable, 50 year old wastewater treatment business in California – Santa Clara Waste Water.
The company’s new business model is well poised for high profit and fast growth due to trends in their targeted industries. On a global basis, the water industry size exceeds $400 billion and is growing rapidly with the demands of a growing population in the emerging world. Even here at home in the United States, where General Environmental is putting their initial focus, the water industry is a $120 billion market that is expected to grow at a 6%-7% rate next year.
General Environmental has already established an enviable growth record – growing at an annual rate of 48% since 2002. The company’s revenues have grown from only $2.3 million in 2002 to today’s $37 million. The management team firmly believes that strategic moves into more profitable industries will help the company grow even faster in the years to come.
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