Owner Resource Group, LLC ("Org") Announced Today That It Acquired A Majority Interest In Chem Group Holdings, Inc. ("Org Chem Group")
Owner Resource Group LLC has acquired a majority interest in Chem-Group a leading technology based specialty chemical company.
- Anderson, SC (1888PressRelease) May 06, 2014 - Owner Resource Group, LLC ("ORG") announced today that it acquired a majority interest in CHEM Group Holdings, Inc. ("ORG CHEM Group").
ORG CHEM Group is a leading technology-based specialty chemical company focused on the distillation of high boiling or heat sensitive materials for the automotive, agricultural, industrial and petrochemicals markets. ORG CHEM Group provides:
(a) outsourced chemical re-processing/reclamation services (generally tolling) for heat transfer fluids, amines, glycol products and other tolling compounds and
(b) products including antifreeze, aromatic oils/pitch, glycerin and heat transfer fluids, among others.
Founded in 1979 and headquartered in Evansville, Indiana, ORG CHEM Group creates significant value for its customers through profitable reclaiming projects and for its vendors as a stable revenue source for materials that would otherwise be disposed of in waste facilities or released to the environment. The Company operates across three plant facilities in Evansville, Indiana; Troy, Indiana; and Hot Springs, Arkansas and has few competitors with the same breadth of specialty equipment investment and know-how in its area of expertise.
Jonathan Gormin, Managing Director of Owner Resource Group added, "ORG CHEM Group will make a great partner. The company operates three plant facilities in Evansville, Indiana; Troy, Indiana; and Hot Springs, Arkansas and has few competitors with the same breadth of specialty equipment investment and know-how in its area of expertise.
The transaction closed on December 31, 2013. Terms were not disclosed. Adveq, 747 Capital and Bowside Capital participated as co-investors in the investment. Cadence Bank provided the senior financing.
ORG CHEM Group is a leading technology-based specialty chemical company focused on the distillation of high boiling or heat sensitive materials for the automotive, agricultural, industrial and petrochemicals markets. For More Information Please Visit http://www.chem-group.com.
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