March 7, 2019
Hodgkins, IL – Intergulf Corporation (“Intergulf” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) announced today the acquisition of 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 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 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 Treatment, Storage and Disposal Facility (“TSDF”), and a diversified co-products processing facility with centrifuge separation processing, atmospheric and vacuum distillation as well as storage along the Houston Ship Channel. Intergulf’s facilities are barge, rail, and truck ready for onloading and offloading.
Headquartered in Hodgkins, Illinois, Beaver Oil operates a CWT plant and a RCRA Part B 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 and continue to grow what he and his family have built over the last 40 years. This 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.”
Kirkland & Ellis LLP served as legal counsel to Kinderhook.
Engelberg & Smith served as legal counsel to Beaver Oil Co., LLC.
Twin Brook Capital Partners provided the financing to Intergulf Corporation