Excellere Partners Announces Exit of SePRO Corporation
29 Julio 2024 - 5:00AM
Business Wire
Excellere Partners, a leading Denver-based private equity firm
specializing in partnering with entrepreneurs and management teams
through growth recapitalizations and management buyouts, is excited
to announce that Stanley Capital Partners (“SCP”), in partnership
with Goldman Sachs Alternatives as a minority co-investor, has made
a strategic investment in SePRO Corporation (“SePRO”).
Founded in 1994 by Bill Culpepper, Jr. and headquartered in
Carmel, Indiana, SePRO is a leader in developing sustainable
solutions that protect, preserve, and restore nature. Dedicated to
specialty environmental products and services, SePRO serves a
diverse range of industries, including professional aquatics,
landscape management, golf courses, ornamental production, and
specialty agriculture. Committed to innovation and customer
satisfaction, SePRO continues to pioneer environmentally
responsible solutions.
“For the last three decades, our mission and purpose has been to
protect, preserve, and restore nature. Every day, we read headlines
about beaches being closed, phosphorus pollution in lakes, invasive
weeds, and toxic algae destroying our ability to enjoy our water
resources. By providing expanded problem-solving products and
services to the market, we will be able to offer customers
unsurpassed technical support and solutions for water quality
restoration globally. We are excited to announce the strategic
investment that Stanley Capital Partners is making in partnership
with Goldman Sachs, as it will support and expedite our efforts to
deliver on that mission,” said SePRO President Tyler Koschnick,
Ph.D.
Patrick O’Keefe, a Managing Partner at Excellere Partners,
commented: “We are grateful for the opportunity to support the
SePRO team and the Culpepper family in their mission to protect,
preserve, and restore nature. Our partnership enabled a seamless
succession process with Tyler Koschnick assuming the role as
President as well as the deployment of Excellere’s value creation
methodology to augment SePRO’s service and product offering with
complementary capabilities, enhancement of its systems and
processes, and further investment in a scalable foundation that
positions the company to capture the multiple growth avenues before
it. We continue to see strong tailwinds in the water and broader
environmental services sector and are enthusiastic about the
company’s future with SCP.”
“Resource Efficiency is a priority area for Stanley Capital as
we invest in companies that deliver greater value with fewer
inputs,” said James Brooks, Founding Partner at SCP. “We align
closely with SePRO’s mission and believe building on this
foundation can be transformative for both SePRO and SCP going
forward. We’re thrilled to work with the SePRO team in the months
and years ahead to continue protecting, preserving, and restoring
nature through technology-enabled growth strategies.”
Raymond James served as lead financial advisor and Piper Sandler
served as co-financial advisor to SePRO, while Winston & Strawn
LLP served as legal advisor to both SePRO and Excellere Partners.
Barclays served as lead financial advisor, while Sidley Austin LLP
served as legal advisor to SCP.
About Excellere Partners
Excellere Partners is a Denver-based private equity firm with
$2.3 billion of committed capital across four funds that
specializes in partnering with entrepreneurs and management teams
through growth recapitalizations and management buyouts. The firm
employs a proven research-driven, top-down investment strategy and
supports its entrepreneurs and management teams with a proprietary
value-creation process designed to enhance the corporate and
operational infrastructure for scalability and growth. Excellere’s
investments are focused on emerging growth companies positioned to
benefit from industry consolidation and favorable macroeconomic and
demographic trends. The Firm’s targeted industry sectors include
healthcare, industrial growth, and business services. For more
information about Excellere, please visit
https://www.excellere.com.
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