Kinderhook backed Intergulf Acquires Lonestar Ecology LLC
June 29, 2018
Pasadena, TX – Intergulf Corporation (“Intergulf” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”) announced today the acquisition of Lonestar Ecology LLC (“Lonestar”). Lonestar represents the first add-on acquisition for Intergulf and Kinderhook’s 34th acquisition in the environmental services sector.
Headquartered in LaPorte, Texas, Intergulf provides solutions to its industry partners by specializing in procuring, blending, treating, and processing petroleum, petrochemical products, and waste streams. Strategically located along the Houston Ship Channel, Intergulf is actively involved in the petrochemical community and understands the dynamics involved in this sensitive, highly regulated arena. Intergulf operates in five business segments: waste & recycling, petroleum products, marine services, distillation and transportation.
Headquartered in Pasadena, Texas, Lonestar operates a Centralized Wastewater Treatment plant (“CWT”) and a RCRA Part B Treatment, Storage and Disposal Facility (“TSDF”). The TSDF allows the Company to handle a wide range of hazardous material. Lonestar’s hazardous waste treatment capabilities include wastewater treatment, bulking, compacting and consolidating.
“The acquisition of Lonestar complements our strategy of providing our industry partners with a comprehensive suite of environmental services offerings. We can now offer expanded hazardous and non-hazardous environmental services to the Gulf Coast market,” said Brandon Velek, Chief Executive Officer of Intergulf.
“We are excited to partner with Kinderhook and Intergulf,” said Will Wilson, President of Lonestar. “We are focused on accelerating growth as a combined company and providing best-in-class service to our customers.”
“We look forward to building on the success Lonestar has already achieved,” said Rob Michalik, Managing Director at Kinderhook. “Lonestar represents a highly strategic acquisition for Intergulf as it will expand Intergulf’s wastewater capacity and expand its service capabilities to treat a wider range of hazardous material.”
Kirkland & Ellis LLP served as legal counsel to Kinderhook.
Doherty & Doherty LLP served as legal counsel to Lonestar Ecology LLC.