Sepratech Acquired by HKW in Strategic Move
Deal News | Jul 14, 2025 | Hammond Kennedy Whitney & Co I
Hammond Kennedy Whitney & Co (HKW), a middle-market private equity firm, has acquired Sepratech Liquid Solutions, a company specializing in industrial water and wastewater treatment services. Sepratech, based in Gonzales, Louisiana, focuses on providing critical services such as clarification, filtration, and demineralization throughout the Gulf Coast. Newly appointed CEO Patrick Troy, speaking on the transaction, emphasized the alignment with HKW's strategy of fostering growth while maintaining regulatory and safety standards. HKW aims to support Sepratech's expansion through enhanced marketing and operations. The acquisition also involves Zach Nichols, a seasoned executive from ProAct Services, joining Sepratech to aid in quality and customer satisfaction. The financial terms of the deal remain undisclosed. Legal and financial support was provided to HKW by Taft Stettinius & Hollister LLP, Brookside Capital Partners, and LongWater Capital Solutions.
Sectors
- Private Equity
- Water and Wastewater Treatment Services
- Manufacturing and Distribution
Geography
- United States – Both HKW and Sepratech operate in the United States, focusing on areas like the Gulf Coast.
- Canada – HKW invests in companies across North America, including Canada.
Industry
- Private Equity – The acquisition of Sepratech by HKW is a transaction involving a private equity firm expanding its portfolio.
- Water and Wastewater Treatment Services – Sepratech operates within the water and wastewater treatment industry, providing critical services like clarification and filtration.
- Manufacturing and Distribution – HKW targets companies in the manufacturing and distribution sectors, aligning with Sepratech's operations.
Financials
- Not Disclosed – The financial terms of the acquisition transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sepratech Liquid Solutions | Target Company | Company | An industrial water and wastewater treatment service provider headquartered in Gonzales, LA. |
| Hammond Kennedy Whitney & Co (HKW) | Buyer | Company | A middle-market private equity firm focusing on growth companies in the US and Canada. |
| Patrick Troy | CEO of Sepratech | Person | Joined Sepratech as CEO at the closing of the transaction, bringing industry expertise. |
| Zach Nichols | HKW Operating Executive | Person | Formerly with ProAct Services, joining Sepratech to enhance operations. |
| Taft Stettinius & Hollister LLP | Legal Advisor | Company | Provided legal advisory services for the transaction. |
| Brookside Capital Partners | Financial Provider | Company | Provided financing support for the transaction. |
| LongWater Capital Solutions | Financial Provider | Company | Provided financing support for the transaction. |
| ProAct Services | Former HKW Investment | Company | Previous investment by HKW, where Zach Nichols gained experience. |