Twin Brook served as administrative agent on a $76.795 million facility to support the merger of two Kinderhook Industries portfolio companies – Intergulf Corporation and STC Industrial – to form CIRCON Environmental
CIRCON Environmental will provide a complete range of liquids and solids waste management and product recovery services for the petroleum and petrochemical industries. _x000D_
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For three decades, Intergulf Corporation has been a Texas-based industrial liquids management business serving generators of both hazardous and non-hazardous liquid waste and co-product streams.
STC Industrial, headquartered in South Carolina, has a long history of successfully introducing proprietary waste extraction technology and creating innovative technologies to remove and transport liquid and solid residual waste from petroleum and petrochemical storage tanks.
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“CIRCON Environmental brings together two industry leaders,” said Rob Michalik, a managing director at Kinderhook. “When we looked at the increase in capabilities and capacity coupled with the demands of a rapidly changing market, we realized the potential for growth a merger would create.”
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Frank Iezzi, the current CEO of STC Industrial has been named chief executive officer of CIRCON Environmental. Brandon Velek, long-time CEO of Intergulf, assumes the role of board chairman.
