Olympus Acquires Snyder Industries, Inc. From Cortec Group

From PEsource

Fund and Fund
Olympus Acquires Snyder Industries, Inc. From Cortec Group
By Stamford, CT
Jul 17, 2008, 16:43

Olympus Partners announced 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.

The Olympus team included Manu Bettegowda, Mike Horgan and Sarah Betzwieser.

The acquisition of Snyder Industries, Inc. is Olympus' first investment out of its $1.5 billion fifth fund.

INFO SOURCES

Olympus Partners

FIRMS

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.

ADVISORS

Olympus was represented by John Schoenfeld of Kirkland & Ellis LLP. Matt Salisbury and Derek Beres of Edgeview Partners advised the sellers on the transaction.