Ashland Capital Partners Announces Sale of KBK Industries, a Leading U.S. Manufacturer of Specialty Tank Solutions
Main Street Capital Corporation (MAIN)
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Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Ashland Capital Partners (“Ashland”), a Chicago-based private investment firm focused on building enduring industrial businesses, today announced the sale of KBK Industries (“KBK”), a premier manufacturer of fiberglass and steel tanks and separation equipment. The transaction concludes a highly successful 19-year partnership between Ashland and KBK.Headquartered in Houston, Texas KBK Industries has long been recognized as a trusted provider of liquid storage and separation solutions for the energy, chemical, agricultural, and wastewater industries. Since acquiring the business in 2006, Ashland has worked alongside management to scale the company’s manufacturing capabilities, while preserving its legacy of quality and reliability.“We are incredibly proud of what we have accomplished together with the KBK team over the last 19 years,” said Jim Lynch, Founder and Chairman at Ashland Capital Partners. “Our long-term investment in KBK exemplifies Ashland’s phi
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