Metalmark Capital has acquired Camin Cargo Control, a provider of testing, inspection, certification and other services to the oil, gas and petrochemical industries.
Camin Cargo Control provides inspection services for trading companies, major oil companies, domestic and foreign refiners as well as an increasing number of clients on the food and general cargo side of its business. Services include inspection, sampling, inventory control and laboratory analysis for the full range of petroleum and petrochemical products in addition to grains, fertilizer, coal, edible oils, sugar and minerals. Camin Cargo Control was founded in 1982 by its CEO Carlos Camin and is headquartered in Linden, NJ (www.camincargo.com).
“We are pleased to announce the addition of Camin Cargo Control to our portfolio,” said Leigh Abramson, Managing Director of Metalmark Capital. “It’s a market-leading company that has a proven track record of growth through different economic and energy cycles. We have a great deal of expertise working closely with founder-owned businesses such as Camin Cargo Control, and we’re looking forward to working closely with Carlos and his team to contribute to the company’s continued growth and expansion into new markets.”
Metalmark Capital was established by the principals of Morgan Stanley Capital Partners (MSCP) to manage the Metalmark Capital and MSCP funds. Since 1986, the Metalmark Capital and MSCP funds have invested $7 billion of equity capital in over 100 companies. Sectors of interest include healthcare, energy and industrials. Metalmark Capital is currently investing through its latest fund that has $2.5 billion of committed capital. The firm is based in New York (www.metalmarkcapital.com).
“Metalmark is a great strategic partner,” said Mr. Camin. “The firm’s operational knowledge and resources will allow us to leverage our existing expertise while we continue to expand our global footprint and maintain our industry-leading service model.”
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-1-15