Chemtron Corp. acquires Vexor

Chemtron Corp., an Avon, Ohio-based portfolio company of New York City-based Kinderhook Industries LLC, announced June 10 that it has acquired Vexor Technology LLC, a regional provider of non-hazardous waste processing services and alternative energy solutions. Vexor, which is based in Medina, Ohio, represents the first add-on acquisition for Chemtron and marks Kinderhook’s 46^th environmental services transaction. Financial terms of the transaction were not disclosed. 

Chemtron is a hazardous and non-hazardous waste management provider in the Midwest. Through its waste processing facilities, the company can treat, process and direct for end disposal a range of wastes on behalf of waste generators. The company has two RCRA Part B treatment, storage and disposal facilities, two 10-day facilities, a non-hazardous waste processing facility and a railcar and ISO container processing facility.

Founded in 1999, Vexor provides waste processing services for non-hazardous liquid and solid waste along with alternative energy solutions for waste generators via its engineered fuel. Through its permitted waste processing facility, Vexor manufactures an engineered fuel from non-hazardous waste which is utilized as a substitute in combustion units where coal or natural gas are normally burned. Vexor has treatment capabilities for wastewater, providing oil and water separation received in tankers or vacuum trucks. Vexor also provides customers with landfill avoidance options through consolidation of non-hazardous waste for shipment to its network of third-party waste-to-energy facilities.

“We are excited to welcome the employees of Vexor onto the Chemtron team,” says Chemtron CEO Rob Swords. “Chemtron provides a diverse range of end-to-end sustainability-focused waste disposal solutions to our customers. The combination with Vexor expands our presence further into the non-hazardous alternative energy solutions market and will make us a top choice for waste generators.”

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“The team at Vexor is pleased to join the Chemtron group of companies,” says Vexor President and CEO Mario Romero, who will be joining Chemtron as COO post-close. “Our combined customer base will benefit greatly from the expanded range of services and the ability to provide comprehensive waste treatment solutions. We are eager to participate in, and contribute to, Chemtron’s continued growth.”

Brian Surane, who served as Vexor’s vice president of sales and marketing, will also take on the role of VP of sales for the combined company.

“The acquisition of Vexor will enhance Chemtron’s service offering and diversify its disposal capabilities,” Rob Michalik, managing director of Kinderhook Industries, says. “The combined platform will be a leader in the value-added waste processing market, providing sustainable solutions to waste generators through engineered fuel and zero landfill services.”

Kirkland & Ellis LLP, Chicago, served as legal counsel to Kinderhook. Financing for the transaction was provided by Dallas-based Comerica Bank.