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December 15, 2021

ORIX Capital Partners Invests in Odin, a Leading Provider of Environmental and Geotechnical Solutions

ORIX Capital Partners (“OCP”) today announced the acquisition of a majority interest in Odin (“Odin”), a leading environmental and geotechnical solutions provider. Odin is headquartered in Rocklin, California and provides high quality geotechnical construction, environmental remediation, levee and dam rehabilitation, mechanical dredging, habitat and wetland reconstruction and disaster recovery to clients in both the public and private sectors.

“We are excited to partner with Odin’s highly technical and experienced founders and team. Odin’s track record of quality and safety performance, paired with its ability to partner with public and private sector clients on innovative solutions, makes it an ideal platform for further growth,” said Craig Kahler, Managing Director of ORIX Capital Partners. “Odin’s business strategy is also highly complementary to OCP’s thematic investment focus on environmental services and ESG.”

With 150 years of combined experience and over 400 completed projects, Odin’s team of experienced project managers, engineers, safety and quality professionals, and staff deliver high quality projects to their clients nationwide in a safe and timely manner.

“ORIX Capital Partners is the right partner for us to continue our exceptional performance and achieve our strategic growth initiatives,” said Louay Owaidat, CEO and Co-founder of Odin. “Our unique culture of unwavering customer focus, teamwork, safety and quality will continue to drive our performance as we benefit from OCP’s strategic and operational expertise,” added Neal Siller, Odin’s COO and Co-founder.

Odin’s management team will retain a significant equity share in the company. Financial terms of the transaction were not disclosed. Truist Securities served as exclusive financial advisor to ORIX Capital Partners and Kirkland & Ellis LLP served as legal counsel on this transaction.