Metalmark Capital has acquired a majority stake in Camin Cargo Control Inc. Based in Linden, New Jersey, Camin Cargo Control is a provider of testing, inspection, certification and additive services for the oil, gas and petrochemical sectors.
LINDEN, N.J.–(BUSINESS WIRE)–Camin Cargo Control, Inc. announced today the completion of a majority investment by Metalmark Capital, a leading US private equity firm.
Camin Cargo Control, headquartered in Linden, NJ, is a leading provider of testing, inspection, certification and additive services in the oil, gas and petrochemical industries. Camin Cargo Control opened its first office in New York in 1982 and has since expanded to 49 locations throughout the Americas.
“Metalmark is a great strategic partner,” said Carlos Camin, Founder and CEO of Camin Cargo Control. “Their 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.” Camin Cargo Control’s management team will remain in place and the business foresees no substantial changes to its daily operations as a result of this transaction.
“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.”
About Metalmark Capital
Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular expertise and focus in energy, industrials and healthcare. Metalmark Capital seeks to build long-term value through active and supportive partnerships with the companies and management teams in which it invests. Metalmark Capital is currently investing its latest fund with $2.5 billion. More information is available at www.metalmarkcapital.com.
For more information about the Camin Cargo Control, please visit www.camincargo.com