Chemtron Corp., a portfolio company of Kinderhook Industries LLC, has acquired Vexor Technology LLC, a regional provider of non-hazardous waste processing services and alternative energy solutions. Vexor represents the first add-on acquisition for Chemtron and Kinderhook’s 46th environmental services transaction. Financial terms of the transaction were not disclosed.
Avon-based Chemtron provides hazardous and non-hazardous waste management, including a diverse range of disposal solutions to hazardous and non-hazardous waste generators.
“We are excited to welcome the employees of Vexor onto the Chemtron team” Chemtron CEO Rob Swords said, in a statement. “Chemtron provides a diverse range of end-to-end sustainability focused waste disposal solutions to our customers. The combination with Vexor expands our presence further into the non-hazardous alternative energy solutions market and will make us a top choice for waste generators.”
Founded in 1999 and headquartered in Medina, Vexor provides waste processing services for non-hazardous liquid and solid waste along with alternative energy solutions for waste generators through its proprietary engineered fuel.
“The team at Vexor is pleased to join the Chemtron group of companies.” says Mario Romero, who will be joining Chemtron as COO post-close. “Our combined customer base will benefit greatly from the expanded range of services and the ability to provide comprehensive waste treatment solutions. We are eager to participate in, and contribute to, Chemtron’s continued growth.”
Brian Surane will also take on the role of vice president of sales for the combined company.
Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by Comerica Bank.
Kinderhook is a private investment firm, based in New York, that manages over $3.1 billion of committed capital. With more than 235 investments and follow-on acquisitions since inception, Kinderhook’s investment philosophy is to match unique, growth-oriented investment opportunities with financial expertise and its network of operating partners.
