Strengthening real-time water diagnostics with cutting-edge lab technology
22 April 2025, London/Indianapolis/Maryland - Stanley Capital Partners (“SCP”), together with Goldman Sachs Alternatives, is pleased to announce the acquisition of Green Eyes Environmental Monitoring Solutions (“Green Eyes”) by its portfolio company, SePRO Corporation (“SePRO”).
Green Eyes is a US-based, founder-owned lab technology company that specialises in real-time, field-based nutrient analysis. The financial details of the transaction have not been disclosed.
SCP invests in companies that seek to drive efficiency and sustainability through innovative strategies. The acquisition of Green Eyes marks a significant step in SePRO’s transformation into a full-service environmental health platform by integrating advanced diagnostic technology in order to meet the growing demand for real-time water quality monitoring.
Green Eyes’ proprietary NuLAB technology is the US market leader in automated nutrient monitoring of surface water. By providing real-time chemical analysis, it enables proactive water quality management – an increasingly critical capability as environmental regulations tighten and the need for sustainable water solutions increases.
SePRO has built a strong reputation as a leading specialty environmental restoration company. By incorporating Green Eyes’ automated diagnostics and field-based monitoring services, SePRO further strengthens its ability to provide real-time, data-driven insights for water quality management, reducing the reliance on manual sampling with automated chemical testing as well as expanding its footprint into remote and complex water environments. This acquisition also aligns with SCP’s strategy of scaling high-potential businesses through technological advancement and market consolidation.
Green Eyes and SePRO already have an established commercial relationship, particularly through the EutroPHIX projects, making this acquisition a natural fit for both parties. Green Eyes’ founder Vincent Kelly will continue with the business as Technical Development Manager, playing a key role in product innovation and expanding the company’s solutions into new markets.
Patrick von Hargutt, Founding Partner at Stanley Capital, commented:
This acquisition is a good example of SCP’s strategy of investing into innovative companies in order to enhance the value of our portfolio companies and of executing swiftly on our value creation strategies. Green Eyes’ automated diagnostics technology is a true game-changer for the water quality sector, and by integrating it into the SePRO platform, we are positioning the company as a leader in real-time water health management. The market demand for real-time environmental data is growing and SePRO is now uniquely placed to deliver high impact best-in-class solutions.
Dr. Tyler Koschnick, CEO at SePRO Corporation, added:
We are excited to welcome Vincent and the Green Eyes team into our growing organization. Their commitment to safeguarding natural resources aligns perfectly with our mission, and this acquisition will allow us to offer a more comprehensive suite of environmental monitoring solutions to our customers.
Vincent Kelly, Founder at Green Eyes, concluded:
When we first engaged with SCP and SePRO in late 2024, we immediately recognised a strong strategic alignment. With SePRO’s market expertise and SCP’s growth-oriented approach, we have the opportunity to scale Green Eyes’ impact significantly. This is an exciting next chapter for the business.
For more details on SCP’s investment into SePRO, please visit:
Stanley Capital Partners
Stanley Capital Partners is a European mid-market private equity firm using a research and technology-based approach to identify opportunities in the growing sustainable investment sectors of Healthcare and Resource Efficiency. SCP targets businesses with the potential of generating EBITDA of $25m to $150m.
We partner with management teams, in majority and minority transactions, to transform and grow companies through technological change, operational change and market consolidation.
SCP was founded in 2019 and has a team of over 150 professionals working closely together with its Leader Network and investors, sector and technology partners.
Find out more at www.stanley-capital.com
SePRO Corporation
Founded in 1994 and headquartered in Carmel, Indiana, SePRO Corporation is a leader in developing sustainable solutions that protect, preserve, and restore nature. Specializing in specialty environmental products and services, SePRO serves a diverse range of industries including professional aquatics, landscape management, golf courses, ornamental production, and specialty agriculture. Committed to innovation and customer satisfaction, SePRO continues to pioneer environmentally responsible solutions.
Find out more at www.sepro.com
Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $3.1 trillion in assets under supervision globally as of March 31, 2025.
Established in 1996, the Private Credit business within Goldman Sachs Asset Management is one of the world’s largest private credit investors with over $125 billion in assets across direct lending, mezzanine debt, hybrid capital and asset-based lending strategies. Our deep industry and product knowledge, extensive relationships and global footprint position us to deliver scaled outcomes with speed and certainty.
Hybrid Capital is a flexible, “all-seasons” investment program that invests in debt, equity and hybrid structures, providing companies across industries and geographies with bespoke solutions, including for acquisitions, recapitalizations, and other complex financings.
Find out more at www.goldmansachs.com
For further information and media enquiries, please contact:
EQ (for SCP)
James Culverhouse
T: +44 (0)20 7223 1100 / +44 (0)7912 508 322
E: james.culverhouse@eqcorp.co
Samantha Bock (for SePRO)
T: 317-955-9099
E: samantha.bock@sepro.com