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Harvest Partners Portfolio Company Aquilex Holdings LLC to Acquire HydroChem Industrial Services, Inc.

Publication: Business Wire
Publication Date: 03-MAY-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Harvest Partners, LLC ("Harvest"), a New York-based private equity investment firm specializing in management buyouts and growth financings of middle-market companies, announced today that Aquilex Holdings LLC ("Aquilex"), one of its portfolio companies, through a wholly-owned subsidiary, has signed an agreement to acquire HydroChem Industrial Services, Inc. ("HydroChem" or the "Company") from funds managed by Oaktree Capital Management, LLC.

HydroChem is a national provider of industrial cleaning services, providing critical routine daily maintenance work to the petrochemical, refining, utility and pulp and paper industries. The Company's national platform,...

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