For 35 years, EnviroTech Services has accomplished a healthy and successful growing trend in the markets served. With the growth that EnviroTech Services has experienced over the last several years, along with the plans to continue that growth, the leadership at EnviroTech have decided to secure that future by inviting an investment partner to better facilitate that growth strategy.
Effective Thursday, January 18, 2024, Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, announced its acquisition of EnviroTech Services, Inc. Monomoy is the first institutional investor of EnviroTech Services, a founder-owned business.
Since 1989, EnviroTech Services, Inc. has transported, stored and delivered large volumes of bulk and raw materials, while providing industry leading anti-icing and deicing, road stabilization and dust control products and services across North America. EnviroTech supports solutions for the infrastructure, public works, property management, industrial, mining and oil and gas sectors. The company supplies a range of granular and liquid deicing and anti-icing agents specifically formulated to be effective in dangerous weather conditions, as well as a suite of products for dust control and soil stabilization for road maintenance. EnviroTech maintains a commitment to research and development to support its forward-thinking advancements in product efficacy, environmental sustainability, and road safety.
Building upon EnviroTech’s 35 years of success, Monomoy plans to invest further in our established strengths to optimize existing systems, create logistical efficiencies, enhance route capabilities and expand asset utilization. With our robust West, Rocky Mountain, Midwest, and East footprint, Monomoy’s partnership will also seek to grow into new locations in neighboring states and provide EnviroTech’s services and products to additional markets.
We value the relationships that EnviroTech has with our customers, partners, employees and community, and we look forward to many years to come as we join the Monomoy portfolio. The changes you will see will be minimal, we will remain branded as EnviroTech Services, and you will continue to receive the same top level customer service.
“Monomoy’s deep experience working alongside founder-owned industrial businesses like ours gave us the utmost confidence they are the right partner for EnviroTech’s future,” remarked EnviroTech Founder Roger Knoph. “Our shared commitment to reliability, sustainability and operational excellence underscores every aspect of this collaboration.”
“Monomoy’s strategic understanding of our industry and operational expertise will position EnviroTech for growth and innovation as we enter this exciting new phase,” added EnviroTech President Steve Bytnar. “I look forward to the new heights we can reach together for our customers and valued team members.”
“Our team is enthusiastic about welcoming EnviroTech to the Monomoy portfolio and collaborating closely with the company’s management team. With its extensive service footprint, impressive infrastructure and history of remarkable growth, EnviroTech is well positioned for continued expansion with Monomoy's resources and partnership,” shared Monomoy Managing Director Mel Bartoul. “We are honored that Roger and the EnviroTech leadership team have entrusted us with the responsibility of guiding the company into this next chapter. "
Kirkland & Ellis LLP provided legal counsel to Monomoy, and Kayne Anderson Capital Advisors, L.P. provided financing for the transaction. Integris Partners served as financial advisor, and Sherman & Howard LLC served as legal counsel to EnviroTech.
###
About Monomoy Capital Partners
Monomoy Capital Partners is a private investment firm with $3 billion in assets under management across a family of investment funds. Monomoy invests in the equity and debt of middle-market businesses that can benefit from operational and financial improvement with a focus on manufacturing and distribution businesses across industrial and consumer product sectors in North America and Europe. Please see our website at www.mcpfunds.com for further information concerning Monomoy and its portfolio companies.
