Kinderhook Industries LLC, a private equity firm, has bought Gulf Tanks Holdings Inc., a logistics-based environmental services company, from WillScot Mobile Mini Holdings Corp.
Gulf Tanks Holdings is focused on the containment of liquid and solid industrial waste. The transaction was valued at an enterprise value of approximately $323 million. This deal represents Kinderhook’s 79th environmental and business services transaction and its 17th public company carve-out since Kinderhook’s inception.
“We look forward to growing the business and building a national environmental solutions platform focused on the containment of liquid and solid industrial waste,” says Rob Michalik, managing director of Kinderhook.
Oppenheimer & Co. served as the financial advisor and Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by a debt syndicate led by Twin Brook Capital Partners. BofA Securities served as the financial advisor and Allen & Overy LLP acted as legal counsel to WillScot Mobile Mini Holdings in connection with the transaction.