PE-backed SPL buys Oxidor

SPL, a portfolio company of American Industrial Partners, has acquired Houston-based Oxidor Laboratories, an analytical testing company that specializes in wastewater and stormwater testing.

SPL, a portfolio company of American Industrial Partners, has acquired Houston-based Oxidor Laboratories, an analytical testing company that specializes in wastewater and stormwater testing. No financial terms were disclosed.

PRESS RELEASE

San Francisco, CA – SPL, a leader in testing, inspection, and certification (TIC) services for the energy industry and other end markets, has acquired Oxidor Laboratories. SPL, headquartered in Houston, Texas, is a portfolio company of Industrial Growth Partners.
Oxidor is a full-service analytical testing company which performs environmental and chemical analyses, specializing in wastewater and stormwater testing. Through this acquisition, SPL will provide customers with expanded environmental laboratory testing capabilities, including over 300 unique test types for inorganic and organic compounds, waste identification and sample collection services, in order to meet internal and regulatory compliance standards.

“At SPL, we provide the testing and analytical services which allow our customers to quantify their emissions, determine their carbon footprint, and meet their compliance obligations,” said Jeff Hibbeler, Chief Executive Officer of SPL. “The addition of Oxidor expands our environmental testing capabilities and allows us to further assist our clients with their wastewater testing and certification, as well as allowing us to provide services for municipalities and government agencies.”

“SPL is a perfect partner for Oxidor. SPL’s position as a leader in TIC services for the energy industry and their extensive footprint will allow us to serve a broader range of customers. In addition, SPL’s digital platform will allow us to provide our clients with unprecedented access and insight into their environmental data and reporting,” said Charles Brungardt, President of Oxidor Laboratories.

Acquisition Details – On December 31, 2021, SPL acquired Oxidor Laboratories. SPL and IGP continue to seek add-on acquisitions that can enhance SPL’s position as a leading independent TIC services platform for the energy industry and other end markets. To learn more about SPL, please visit www.spl-inc.com.

Industrial Growth Partners, founded in 1997, is a San Francisco-based specialist private investment partnership with over $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial sector in partnership with management teams.