Market Leaders in Amine Reclamation Combine
ALVIN, TX, August 17, 2021 – ORG Chem Group LLC (“Chem Group”) announced today it has acquired substantially all of the assets of MPR Services, Inc (“MPR”). The acquisition further expands Chem Group’s presence within the amines reclamation industry, and will introduce onsite reclamation capabilities delivered through mobile and permanent units. The combined organizations will be headquartered in Evansville, IN with additional facilities in Troy, IN, Hot Springs, AR and Alvin, TX.
Headquartered in Alvin, TX, MPR is a leading provider of reclamation services, serving customers in the U.S., Europe and beyond. MPR has been providing permanent and mobile reclamation services to the oil refining, natural gas / LNG facilities, petrochemical and ammonia / syngas industry customers since 1989, with proprietary technologies built for purifying gas treating amine solutions used for acid gas removal. Prior to the acquisition, MPR was a wholly owned subsidiary of Tessenderlo Kerley Inc., a leader in producing and marketing specialty products used in the agriculture, mining, and chemical industries.
Chem Group is a leading fluid service provider to a diversified base of industrial sectors, as well as supplier of specialty products and technical services. Over its 40-year history, Chem Group has developed significant expertise in safe, efficient, and innovative strategies to extract significant residual value from a broad range of materials, driving sustainability in the value chains and markets the company serves. Chem Group is majority owned by an affiliate of private investment firm Owner Resource Group LLC (“ORG”).
Chem Group CEO, Dave Carson, said, “We are excited to welcome the MPR team into our organization. Combining MPR’s expertise and focus with Chem Group’s technical capabilities is a very attractive opportunity. The acquisition strengthens Chem Group’s reclamation value proposition within markets of focus.”
“MPR Services has been an integral part of Tessenderlo Kerley, Inc. for over 20 years. Their new journey as Chem Group MPR Services is destined to build on their success and chart their path to greater growth and opportunity,” said Russell Sides, Executive Vice President, Tessenderlo Kerley, Inc.
The transaction received additional financing support from Cadence Bank NA. The transaction closed on [August 8, 2021].
Owner Resource Group, LLC
Owner Resource Group is an Austin, Texas based private investment firm founded to bring superior outcomes to privately held businesses. The company makes investments that enable business owners and management teams the ability to pursue their objectives and accelerate the growth of their companies in a disciplined manner. ORG appreciates an owner’s need for fairness, certainty, flexibility and confidentiality when considering a transaction. After a transaction, the ORG philosophy is to align our interests with management to support the existing culture and the continued growth.
The firm is most helpful to businesses with the following aspirations:
» Business owners hoping to achieve a full or partial exit
» Businesses looking to expand their capabilities, offerings or geographic reach
» Management teams that would like to establish or increase their ownership in a business