Cronus Partners LLC is pleased to announce that it acted as exclusive financial advisor to NCM Odor Control, Inc., an international leader in the supply of odor control technologies, in the sale of substantially all its assets to Rusmar, Inc., a provider of aqueous foam solutions to the solid waste, environmental, and mining industries, and a subsidiary of CCR Specialty Chemicals, LLC, a portfolio company of Palo Duro Capital, LLC.
Jesse Levin, President of NCM Odor Control, commented, “Our vision was to transition from strictly an odor control company to a full-service environmental solutions company. With this transaction, we saw the opportunity to increase the combined companies’ services and capabilities. Cronus was a valuable member of our team in aiding us through the sale process and ensuring our needs were met.”
Charles Carson, Senior Advisor at Cronus, added, “This combination provides environmental companies with a comprehensive range of remediation services, alternative daily cover, and odor control systems from a single source. The Cronus team provided financial guidance throughout a challenging time to successfully complete the transaction and has the relevant expertise and experience to advise other companies in the industry.”
Located in Broadheadsville, PA, NCM Odor Control is a world leader in manufacturing and servicing neutralizer products and high-pressure atomizing systems and is the preferred vendor for the largest waste service companies and municipalities in the world. With more than 25 years’ experience in the field of odor and dust control, the company has expanded its scope over the past decade from transfer stations, landfills, and rail yard facilities to become the preferred company to aid in dust and odors for compost facilities, Superfund sites, and remediation sites.
Located in West Chester, PA, Rusmar has been providing aqueous foam solutions to the solid waste, environmental, and mining industries since 1986. Formulations exist for different uses including landfill alternative daily cover, odor, emission, and dust control for environmental remediation activities and ventilation control, rock dust application, and cellular concrete applications in the mining environment. CCR Specialty Chemicals is a platform created to acquire high-growth, specialty chemical companies. Current subsidiaries include Crowley Chemical, Rusmar, and NCM Odor Control.
Palo Duro Capital is a Dallas, Texas-based, lower middle-market private equity firm which works in partnership with business owners and management teams to acquire market-leading manufacturers of specialty chemicals, industrial products, and commercial building products. Its operating partners bring decades of management experience in the focus industry segments and work collaboratively with management to facilitate long-term strategic growth. The firm has expertise in sourcing and executing complementary add-on acquisitions to supplement organic growth initiatives.
About Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus Partners is an independent investment banking firm that provides financial advisory and other investment banking services. Winner of the New York Association for Corporate Growth’s Boutique Investment Bank of the Year Award, the firm has significant experience in advising both publicly and private companies that can benefit from middle-market transactions.
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