Olympus Acquires Snyder Industries, Inc. From Cortec Group
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STAMFORD, Conn., July 17 /PRNewswire/ -- Olympus Partners is pleased to announce that it has acquired Snyder Industries, Inc. from Cortec Group. Snyder Industries, Inc., headquartered in Lincoln, Nebraska, is a leading designer and manufacturer of custom-engineered bulk containers. The company produces a variety of plastic and steel tanks used in the transportation and storage of liquid and dry materials primarily for the agriculture, oil and gas, water and wastewater, and chemical distribution markets. Manu Bettegowda of Olympus Partners commented, "We are excited to partner with the management team to leverage the company as a platform for growth." Founded in 1988, Olympus Partners is a Stamford, Conn.-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including healthcare services, financial services, consumer products and business services. Olympus manages in excess of $3 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs. The acquisition of Snyder Industries, Inc. is Olympus' first investment out of its $1.5 billion fifth fund. The Olympus team included Manu Bettegowda, Mike Horgan and Sarah Betzwieser. Olympus was represented by John Schoenfeld of Kirkland & Ellis LLP. Matt Salisbury and Derek Beres of Edgeview Partners advised the sellers on the transaction. SOURCE Olympus Partners Rob Morris of Olympus Partners, +1-203-353-5900