Cleveland, OH – Expanding its portfolio of strong middle market businesses, CapitalWorks, LLC, has acquired a majority interest in Chemtron Corporation, a privately-held environmental waste management solutions company based in Avon, Ohio. Chemtron provides a single source for waste management services to customers including industrial manufacturers, healthcare facilities and consumer product companies.
CapitalWorks will be partnering with Chemtron President Ron Guenther and brothers Karl and Mike who have owned the company since 1980. The Guenthers will continue to be significant owners and will remain in their current management roles to build upon their 35 years of success. Details of the transaction were not disclosed.
“We look forward to supporting the Guenther’s long term vision for Chemtron”, said CFO, Mike Harding, who led CapitalWorks investment team. “The partnership of our industry experts and the highly skilled Chemtron team will enable the company to achieve a new level of performance. We have been impressed by each employee we met and for the passion the company has for providing proactive solutions to their customers.”
“We are excited to work alongside CapitalWorks,” said Ron Guenther. “We chose CapitalWorks because they understand the values embedded in a family business and will provide strategic input, capital and knowledgeable partners to help take our organization to the next level. We believe their involvement will allow us to make generational management transition and grow the business.”
Chemtron provides integrated services and capabilities to manage a customer’s entire hazardous and non-hazardous waste stream. Services include blending, storage, recycling, transportation and management of more than 540 waste codes from its two Northeast Ohio facilities. Additional field and technical services include compliance training, testing, emergency response, demolition, plant closure, industrial cleaning and environmental consulting.
CapitalWorks (capitalworks.net) is a Midwestern and family-focused private equity firm that encourages knowledgeable investors to partner with it in finding, vetting and owning companies. Based in Cleveland, Ohio, CapitalWorks acquires lower middle-market companies in the manufacturing, aerospace and financial industries and gives them the capital, support and freedom to grow. Recent acquisitions include Bancsource, Inc., Avtron Aerospace and Capewell Aerial Systems. Founded in 1999, the firm’s investors are primarily successful entrepreneurs and executives who contribute to the evaluation and investment process.
For over 35 years Chemtron (chemtron-corp.com) has been a single source for complete environmental waste disposal management positioned to efficiently provide service to waste generators of all sizes with a large variety of needs. Headquartered near Cleveland, OH.