•    Barr GeoSpatial Solutions is a leading provider of aerial inspection, imaging and advanced detection services for critical infrastructure within the oil & gas industry
•    The acquisition positions Barr GeoSpatial Solutions for further growth within its advanced detection services and technology offerings
•    The debt financing by Mesirow highlights the firm’s debt advisory practice and work within the industrial services and technology industries

CHICAGO, September 7, 2022 – Mesirow acted as exclusive debt advisor to Barr GeoSpatial Solutions (“Barr”, or the “Company”), a portfolio company of 24/6 Capital Partners, on its debt financing to execute its acquisition of Airborne Imaging (“Airborne”) from subsidiaries of Clean Harbors, Inc. (NYSE:CLH). Headquartered in Calgary, Alberta, Airborne Imaging is a trusted partner of many companies and government agencies for high quality, aerial LiDAR acquisition including ground control and data processing. 

Headquartered in Mesquite, Texas, Barr GeoSpatial Solutions is a leading provider of aerial inspection, imaging and advanced detection services for critical infrastructure within the oil & gas industry. Barr Air Patrol operates as a subsidiary of the Company and offers a diverse portfolio of services, including pipeline inspection and patrols, aerial imaging, LiDAR collection and methane leak detection. The acquisition of Airborne Imaging enables the Company to control the end-to-end LiDAR data collection, processing and delivery. The combination will provide customers with actionable intelligence to better protect assets and infrastructure. 

“The Mesirow team did an excellent job finding multiple debt solutions to finance the transaction. Mesirow thoughtfully presented the thesis and rationale for the acquisition and negotiated a competitive financing package,” said Edward Feuerstein, Chairman and CEO of Barr GeoSpatial Solutions and Founder of 24/6 Capital Partners. 

Rocky Pontikes, Managing Director of Mesirow Investment Banking, commented, “Mesirow's relationship with 24/6 Capital Partners and its principal dates back two decades. We are very thankful for the opportunity to work with him on this exciting transaction.”

Eugene Weissberger, Managing Director and Head of Mesirow’s Debt Advisory practice Investment Banking, added, “Our debt advisory capabilities were well-suited to support the Barr team execute this acquisition. We are grateful to partner with the Barr GeoSpatial Solutions team and are excited to see how Airborne will support the expansion of the Company’s LiDAR capabilities and advanced services offering.”

The debt financing to support Barr GeoSpatial Solutions in this acquisition represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s growing debt advisory capabilities and expertise. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful financings on behalf of clients.

About Mesirow

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

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