HEPACO: Gryphon-backed Hepaco buys PetroChem
Succession Capital Partners has sold PetroChem Recovery Services Inc to Hepaco LLC, which is backed by Gryphon Investors. No financial terms were disclosed. Katten Muchin Rosenman LLP provided legal advice to Hepaco while Queen Saenz + Schutz PLLC represented PetroChem. Based in Norfolk, Virginia, PetroChem is an environmental services provider for transportation, industrial, and government clients.
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HEPACO is a North Carolina-based emergency services company that provides services such as waste management and site restoration for industries including utilities and energy.
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