Excellere Buys SePRO

Excellere Buys SePRO

Excellere Partners has acquired SePRO Corporation, a provider of aquatic herbicides and algaecides.

SePRO is a provider of products and services that help manage invasive weeds and algae in aquatic environments, plant growth regulators, and herbicides and insecticides. The company also sells fungicides for the turf and greenhouse markets, as well as herbicides for the specialty agriculture markets.

SePRO was founded in 1994 and is led by CEO Bill Culpepper. The company is headquartered in Carmel, IN and has a research and technology facility in Whitakers, NC (www.sepro.com).

“An exciting opportunity exists for SePRO to create additional value to customers across the markets we serve by expanding the breadth and depth of our products and services,” said Mr. Culpepper. “It is clear to us that Excellere supports SePRO’s commitment to solving its customer’s most complex challenges.”

Excellere intends to grow SePRO through a combination of investments in infrastructure, continued penetration of its existing products into existing and new markets; commercialization of new technologies; and add-on acquisitions of agricultural and water-focused specialty chemical businesses.

“Excellere was in search of partnership opportunities in the agricultural and water segments of the specialty chemicals industry that offer a solution comprised of high-performance products and proprietary technical services – SePRO fits these criteria perfectly,” said Patrick O’Keefe, a partner at Excellere. “Founder Bill Culpepper is a recognized leader in the industry and has built a strong management team with a shared commitment to offering customers the most effective solutions in the market.”

Excellere invests in middle-market companies with EBITDA of more than $5 million. Sectors of interest include healthcare, business services, energy and power, and industrial technology and services. The firm was founded in 2006 and is based in Denver (www.excellerepartners.com).

© 2019 Private Equity Professional | February 14, 2019

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