Westlake Securities Advises Owner Resource Group in Acquisition of KMCO LP
AUSTIN, Texas, Aug. 9, 2012 /PRNewswire/ -- Westlake Securities, LLC, a middle-market investment bank, announces the acquisition of KMCO LP by Owner Resource Group ("ORG"), an Austin 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 Ltd. and DOT Chemical Inc.
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. Mr. Allen said this 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. Chemical manufacturers, such as KMCO, have been attractive buyout targets for equity groups and strategic buyers, particularly those servicing favorable end markets, such as the oil and gas sector. We couldn't be more pleased with the outcome of the deal for our client."
About Westlake Securities, LLC:
Westlake Securities, LLC is an investment banking firm serving middle market companies, with offices in Austin, Dallas, Houston and Lafayette. Westlake's clients include family-owned businesses, privately held companies, private equity and venture capital funds and publicly traded companies. Services include equity capital formation, debt placement, merger and acquisition advisory, fairness opinions and valuations. Westlake is a member of FINRA and SIPC. For more information, please visit the Westlake website at www.westlakesecurities.com
SOURCE Westlake Securities, LLCBack to top