CLEVELAND, OH – Cleveland based private equity firm CapitalWorks, LLC, announced today the add-on acquisition of Chemical Pack Services, Inc. to its portfolio company, Chemtron Corporation. Chemical Pack is a hazardous waste management services company specializing in lab pack waste services. Terms of the deal were not disclosed.
Chemtron seeks to continue acquiring hazardous waste service businesses that are complimentary to its existing business. “CapitalWorks is excited about the first add-on acquisition for Chemtron and the opportunities for future growth. The deal solidifies an already strong relationship between the companies and should allow Chemtron the ability to provide more streamlined services to hospitals, universities and research and development centers; a core growth area for Chemtron.” said CapitalWorks Vice President, Matthew Lombardo.
Located in Vermillion, Ohio, Chemical Pack Services has the personnel, capabilities and regulatory relationships to provide lab pack services to a broad and growing customer base. Chemical Pack provides turnkey lab pack waste management services including packaging, labeling and transportation of hazardous chemicals and wastes. Many of the chemical materials Chemical Pack handles are extremely hazardous and require a highly technical employee base and level of expertise.
CapitalWorks (capitalworks.net) is a Midwestern and family-focused private equity firm that encourage 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, specialty chemicals business services, and value added distribution industries and provides the capital, support and freedom to grow. Recent acquisitions include Paradigm Windows, Chemtron Corporation, Bancsource, Inc., Ripley Tools 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.