By: Patty Tascarella and Anya Litvak
PNC Financial Services Group Inc. announced Thursday that it has acquired a controlling interest in Environmental Express Inc., a Mount Pleasant, S.C-based company. The deal included an investment made by PNC Equity Partners II LP, and a direct equity investment by a separate affiliate of PNC.
Senior debt for the transaction was provided by NXT Capital, Chicago, PNC (NYSE:PNC) said.
According to Environmental Express’s March 18th filing with the Securities and Exchange Commission, it raised $35.5 million through a debt and equity offering.
Originally posted on Pittsburgh Business Times March 31, 2011