KMCO has been acquired by Owner Resource Group (ORG), an Austin, Texas based private equity firm.
Westlake Securities advised ORG throughout the deal process. Terms of the transaction were not disclosed.
Crosby-based KMCO, founded in 1975, is a chemical processing and manufacturing company serving the automotive, petroleum, industrial and agricultural markets. It includes KMTEX and DOT Chemical.
KMCO operates two facilities: a manufacturing plant on 200 acres in Crosby, which includes eight distillation columns, 23 reactor systems and room for 250 rail cars; and a second facility in Port Arthur on 32 acres with 20 million gallons of storage space for terminaling, a 300 foot barge dock and 100 rail car spaces.
Cory Allen and Brian Gilmore, both managing directors with Westlake, led the deal team on the transaction. It is the seventh industrial transaction that Westlake has closed in recent years.
"Our general industrial practice has remained steady despite the economic downturn of the past few years,” says Allen. “Chemical manufacturers, such as KMCO, have been attractive buyout targets for equity groups and strategic buyers, particularly those servicing favourable end markets, such as the oil and gas sector. We couldn’t be more pleased with the outcome of the deal for our client."
