Birch Hill Equity Partners is pleased to announce the recent sale of Marsulex Inc.
Toronto, June 24, 2011 – Marsulex Inc., which is based in Toronto, Ontario is a leading provider of industrial services, including environmental compliance solutions for air quality control processing or handling of industrial by-products or waste streams and is a provider and marketer of sulpher-based industrial chemicals. The Company’s services and products are provided to a broad base of industrial customers in a wide range of industries.
Birch Hill first acquired an interest in Marsulex through its acquisition of Harrowston Inc. in July, 2001. Since Birch Hill’s initial investment, Marsulex has increased its EBIDA from $28 million to $80 million due to a combination of organic growth and selective acquisitions. On June 24, 2011, Chemtrade Logistics Income Fund completed its acquisition of Marsulex (except for Marsulex Environmental Technologies) for an aggregate transaction value of $419.5 million.
Birch Hill continues to own Marsulex Environmental Technologies.
Birch Hill Equity Partners invests in leading Canadian middle-market businesses. Birch Hill’s team has many years of experience working together as an active partner with top management teams in building long term value.
Contact:
Pierre Schuurmans
COO
Birch Hill Equity Partners Management Inc.
416-775-3830
www.birchhillequity.com