SER Capital Partners acquires Charah Solutions, Inc.

Client(s) SER Capital Partners

Jones Day advised SER Capital Partners in its acquisition of all of the issued and outstanding shares of common stock of Charah Solutions for a consideration of $6.00 per share. In addition, all issued and outstanding shares of Series A preferred stock were redeemed at 100% of its liquidation preference, and Series B preferred stock were redeemed at 100% of its liquidation preference. The Company's 8.50% Senior Notes due August 31, 2026 will remain outstanding.

Concurrently with the execution of the merger agreement, SER, Charah Solutions and Bernhard Capital Partners ("BCP"), the Charah's largest equity holder, entered into a voting and support agreement, pursuant to which BCP agreed to, among other things, vote its shares of capital stock in favor of the transaction.