Olympus Acquires Heniff Transportation

Olympus Partners has acquired Heniff Transportation Systems, a provider of liquid bulk transportation services throughout the United States, Canada and Mexico.

In addition to its liquid bulk transportation services, Heniff also provides tank washing, ISO container transportation and storage, and transloading services. More than 35 of the top 50 US chemical companies are customers of Heniff.

The Oakbrook, Illinois-based company operates a network of 13 terminals located in Kentucky, Texas (3), Louisiana (2), North Carolina (3), Illinois (2), Tennessee, and Pennsylvania.

“We are very excited to partner with Olympus,” said CEO Bob Heniff. “Bringing on a capital partner with significant transportation experience will allow us to further invest in our future and execute on our numerous expansion opportunities.”

“Heniff is a proven leader in liquid bulk transportation. Bob Heniff and the Heniff management team have a long track record of safety, service, and growth,” said Dave Cardenas, a partner at Olympus. “We look forward to supporting the company in its next phase of development and growth.”

Olympus invests in a range of industries but has specific interest in business services, food services, consumer products, healthcare services, financial services, industrial services and manufacturing. In December 2017, the firm held a final closing of its seventh institutional private equity fund, Olympus Growth Fund VII LP, with an oversubscribed $3 billion of capital commitments. The firm was founded in 1988 and is based in Stamford, Connecticut.

The Olympus transaction team included Mr. Cardenas, Principal Griffin Barstis, Associate Bryson Bono, and Associate Jordan Gershman.

MidCap Financial was the was the Joint Lead Arranger and Joint Bookrunner for a $535 million senior secured credit facility that supported Olympus’ buy of Heniff. MidCap’s deal team was led by Managing Director Puja Parekh.

MidCap Financial, in alliance with its investment manager Apollo Capital Management, is a middle-market focused finance firm that provides debt instruments of $10 million to $750 million to companies across all industries.

© 2020 Private Equity Professional | January 6, 2020

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