Baker Tanks acquires Cameron Environmental

Baker Tanks has acquired Cameron Environmental Inc. (CEI), a specialty media filtration services firm. CEI provides water and air filtration services to industrial, construction/remediation and municipal markets. Operating predominantly in the western United States, CEI provides technical support, activated carbon and specialty media filtration, related media services and rental equipment...

SEAL BEACH, CA, Nov. 4, 2004 (PRNewswire) -- Baker Tanks has acquired Cameron Environmental Inc. (CEI), a leader in high quality, specialty media filtration services. CEI provides water and air filtration services to a diverse customer base including the industrial, construction/remediation and municipal markets. Operating predominantly in the western United States, CEI provides technical support, activated carbon and specialty media filtration, related media services and rental equipment.

"The acquisition of CEI is perfectly aligned with our filtration growth strategy. The Company brings the critical technical expertise and experience base to supplement Baker Tanks' strong market presence and operating infrastructure," said Bryan Livingston, CEO of Baker Tanks. "Mr. Emanuel (the seller and former CEO) will stay on board as Vice President and will lead Baker Tanks' filtration business nationally. These are exciting times for Baker Tanks given the strong growth in both our traditional business and in new products and markets. This acquisition serves as another key step in our continued efforts to expand our service offering."

Baker Tanks has been an industry leader in liquid containment for more than 60 years and offers one of the largest rental fleet of tanks, boxes, pumps and filtration equipment.
The company continues to seek acquisition opportunities which strategically complement its core equipment rental business in steel tanks, roll-off boxes, poly-tanks, pumps and filtration.

About Baker Tanks
Founded in 1942, Baker Tanks (www.bakertanks.com) focused primarily on renting steel temporary storage tanks to the oil field industry. Today, they inventory over 15,000 pieces of equipment with more than 17 varieties of tanks, roll off boxes, pumps, filtration and specialty equipment. Baker provides innovative solutions to an ever-expanding number of markets that include: Chemical, Manufacturing, Refining, Construction, Municipal, Industrial services, Environmental, Remediation, Power generation, Aerospace, Food processing, Tank terminal/pipeline operations, Transportation, Pulp and paper, Mining, Electronics Wastewater, and many others.

The company is owned by Code Hennessy & Simmons LLC (CHS). Founded in 1988, CHS is a private equity firm that manages about $1.5 billion in capital in four funds. CHS focuses on building shareholder value in middle-market manufacturing, distribution and service companies through strong relationships with management teams and sound investment strategies.

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