Cleveland, Ohio – Cleveland private equity firm CapitalWorks, LLC announced the sale of Chemtron, a leading hazardous and non-hazardous waste management provider in the Midwest to Kinderhook Industries, LLC. Terms of the deal were not disclosed.
CapitalWorks acquired Chemtron in 2015 from the Guenther Family and partnered with them to further expand the Company’s capabilities and geographic reach. This expansion included the acquisition of Chemical Pack Services as well as adding an additional RCRA permitted facility in Bedford, Ohio, a railcar cleaning operation in Niagara Falls, NY and a sales office on the East Coast.
“CapitalWorks assembled a world class advisory board that provided guidance on strategy and helped recruit seasoned managers to compliment the team I had in place. These moves ultimately allowed the Company to not only grow but to transition the leadership to the next generation” said Ron Guenther, founder and retired CEO “I’m extremely pleased that my two sons as well as the rest of the current management team will have the opportunity to invest in the new partnership with Kinderhook Industries and be part of Chemtron’s next chapter of growth.”… Read this article