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December 22, 2017

BGL Announces the Sale of Intergulf Corporation

Cleveland, OH – December 22, 2017 –  Brown Gibbons Lang & Company (“BGL”) is pleased to announce the sale of Intergulf Corporation (“Intergulf” or the “Company”) to Kinderhook Industries, LLC (“Kinderhook”), a New York-based private equity firm. Several Intergulf executives including Brandon Velek and Marc Sansom have retained ownership positions in the Company and will continue to lead Intergulf post-transaction. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Intergulf in the transaction. The specific terms of the transaction were not disclosed.

Headquartered in Baytown, Texas, Intergulf is a vertically-integrated, industrial liquids management business specializing in procuring, treating, and processing petroleum, petrochemical co-products, and waste streams. The Company has developed deep relationships with the most recognizable and well respected downstream, midstream, marine, and industrial market participants through its comprehensive services and ability to handle a broad spectrum of liquids and volumes. Intergulf’s strategically located facilities on the Houston Ship Channel have unique permits and advanced processing capabilities, which include centralized water treatment, atmospheric and evaporative distillation, centrifuge separation, and blending. In addition, the Company’s ability to collect or receive liquids by truck, rail, or barge enables it to meet the diverse transportation and volume demands of its customers.