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Intergulf Acquires Beaver Oil

Tuesday, March 12, 2019  
Posted by: Lauren Groves
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Hodgkins, IL – NORA Member Intergulf Corporation (“Intergulf” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) recently announced the acquisition of NORA Member Beaver Oil Co., LLC (“Beaver Oil”). Beaver Oil represents the second add-on acquisition for Intergulf and Kinderhook’s 39th acquisition in the environmental services sector.

 

Headquartered in La Porte, Texas, Intergulf Corporation is a leading industrial liquids management company that provides solutions to its industry partners by repurposing, processing and treating petroleum, petrochemical products and wastes through creative and environmentally responsible methods. Within the Gulf Coast region, the Company is the market leader in Centralized Waste Treatment (“CWT”), MARPOL Waste Management, Petrochemical Product Recovery, and Refinery Residual Waste Material Handling and Processing. Intergulf has five highly strategic facilities including two CWTs, a RCRA Part B facility, and a diversified co-products processing facility with centrifuge separation processing, and atmospheric and vacuum distillation as well as storage along the Houston Ship Channel. Intergulf’s facilities handle barge, rail, and truck shipments.


Headquartered in Hodgkins, Illinois, Beaver Oil operates a CWT plant and a RCRA Part B Treatment, Storage and Disposal Facility (“TSDF”) in Hodgkins, IL and a co-products and waste oil processing and storage facility in Gary, Indiana. The CWT accepts Subcategory A (metal-bearing), B (oily) and C (organic) waste. The TSDF allows the Company to handle a wide range of hazardous material. Additionally, the Gary, IN facility has processing capabilities and storage capacity of over three million gallons.


“Beaver Oil expands our geographic coverage into the second largest refining market in the United States,” said Brandon Velek, Chief Executive Officer of Intergulf. “We look forward to continuing on Beaver’s legacy of providing best in class service to its longstanding customer base while also expanding the capabilities of its current operations.”

“We are excited to partner with Kinderhook and Intergulf,” said Ray Vintika, President of Beaver Oil. “The Team at Beaver is focused on accelerating growth as a combined company and expanding on what we have built while maintaining the best customer service in the market.”


“Beaver Oil represents a highly strategic acquisition for Intergulf,” said Rob Michalik, Managing Director at Kinderhook. “We are excited to work with Ray Vintika and continue to grow what he and his family have built over the last 40 years. The acquisition increases Intergulf’s wastewater processing capacity, provides entrance into the hazardous liquids market in Chicago and creates significant opportunities for Intergulf’s co-products processing capabilities.”


About Intergulf Corporation
Headquartered in La Porte, Texas, Intergulf Corporation is a leading industrial liquids management business servicing both hazardous and non-hazardous liquid waste generators. The Company specializes in procuring, blending, treating, and processing petroleum, petrochemical products, and waste streams. Within the Gulf Coast and Chicago region, the Company is the market leader in Centralized Waste Treatment (“CWT”), MARPOL Waste Management, Petrochemical Product Recovery, and Refinery Residual Waste Material Handling and Processing. Intergulf has seven highly strategic facilities including three CWTs, two RCRA Part B facility, and two diversified co-products processing facility with centrifuge separation processing, and atmospheric and vacuum distillation as well as storage along the Houston Ship Channel. Intergulf’s facilities handle barge, rail, and truck shipments.

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

 

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 200 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.

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


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