Print Page   |   Sign In   |   Join Now!
Community Search
News & Press: Member News

NORA Member Intergulf Corp. Acquired by Kinderhook Industries

Wednesday, December 27, 2017  
Posted by: Kat Turner
Share |

New York, NY– Kinderhook Industries, LLC (“Kinderhook”) announced the acquisition of NORA Member Intergulf Corporation (“Intergulf” or the “Company”). Intergulf represents the 6th environmental services platform acquisition Kinderhook has completed since inception and 3rd investment in Kinderhook Capital V. Financial terms of the transaction were not disclosed.

Headquartered in LaPorte, Texas, Intergulf provides solutions to its industry partners by repurposing and treating petroleum, petrochemical products and waste through creative and environmentally responsible methods.

Intergulf will continue to operate under its current management following the transaction. “We look forward to the partnership with Kinderhook and leveraging the resources they bring to the table to accelerate the execution of our growth strategy,” said Brandon Velek, Chief Executive Officer of Intergulf. “The company is well-positioned to continue to grow by investing in new capabilities and expanding into new markets.”

“We are excited to partner with Intergulf’s talented management team and build on the success the company has already achieved,” said Rob Michalik, Managing Director at Kinderhook. “Intergulf is a market leader focused on innovative solutions, safety, and strong customer service. As part of our investment, we are adding additional Operating Partners with whom we have worked extensively in the hazardous waste industry.”

As part of the transaction, Kinderhook will be adding David Lusk, a Kinderhook Operating Partner, to the Board of Directors. Mr. Lusk has over 30 years of industry experience, including previously serving as President and CEO of the Environmental Quality Company and Vice President of Midwest Operations at Republic Services. Mr. Lusk currently serves on the board of directors of ACV Enviro, a Kinderhook portfolio company that provides hazardous and non-hazardous waste management and industrial services, and Sumter Transport Company, a Kinderhook portfolio company that provides waste removal, transportation and disposal solutions primarily to refineries.

“Kinderhook intends to support an aggressive investment program in Intergulf that will allow the company to capitalize on this growth opportunity in the hazardous waste industry,” said Mr. Lusk.

Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by Varagon Capital Partners.

About Kinderhook Industries

Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 170 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders. In addition, Kinderhook is a licensed Small Business Investment Company (SBIC) with the U.S. Small Business Administration.

For more information, please visit:www.kinderhook.com

About Intergulf Corporation

Headquartered in LaPorte, Texas, Intergulf Corporation provides solutions to industry partners by specializing in procuring, blending, treating, and processing petroleum, petrochemical products, and waste streams. Strategically located along the Houston Ship Channel, Intergulf is actively involved in the petrochemical community and understands the dynamics involved in this sensitive, highly regulated arena. Intergulf operates in five business segments: waste & recycling, petroleum products, marine services, distillation and transportation.

For more information please visit:www.intergulfcorp.com


more Calendar

3/6/2019 » 3/8/2019
2019 NORA EH&S Forum

Association Management Software Powered by YourMembership  ::  Legal