Monomoy Capital Partners – a private investment firm focused on private equity and credit investing in the middle market – announced the acquisition of EnviroTech Services, a leading value-added distributor of road surface products and provider of road maintenance services headquartered in Greeley, Colorado.
Founded by Roger Knoph in 1989, Monomoy is the first institutional investor in the founder-owned business.
EnviroTech offers superior road and surface solutions for soil stabilization, erosion and dust control, and anti-icing and deicing 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 multiple weather conditions, as well as a suite of products for dust control and soil stabilization for road maintenance. Plus, EnviroTech maintains a commitment to research and development to support its forward-thinking advancements in product efficacy, environmental sustainability, and road safety.
Building on EnviroTech’s thirty years of success, Monomoy plans to invest further in the company’s established strengths to seek to optimize existing systems, create logistical efficiencies, enhance route capabilities, and expand asset utilization. With the company’s West and Midwest 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.
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.
KEY QUOTES:
“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. Our shared commitment to reliability, sustainability and operational excellence underscores every aspect of this collaboration.”
– EnviroTech Founder Roger Knoph
“We believe Monomoy’s strategic understanding of our industry and operational expertise will position EnviroTech for growth and innovation as we enter this exciting new phase. I look forward to the new heights we can reach together for our customers and valued team members.”
– EnviroTech President Steve Bytnar
“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, we believe EnviroTech is well positioned for continued expansion with Monomoy’s resources and partnership. We are honored that Roger and the EnviroTech leadership team have entrusted us with the responsibility of guiding the company into this next chapter.”
– Monomoy Managing Director Mel Bartoul
