BHS Specialty Chemicals, a portfolio company of Post Capital Partners, said Monday that it has acquired Steam Engineering. No financial terms were disclosed. Based in Vancouver, WA, Steam Engineering is a provider of cleaning and sanitation chemicals for the food processing, engineering and wastewater treatment sectors.
NAMPA, ID, August 19, 2013 – BHS Specialty Chemicals, a specialty chemical manufacturer and distributor focused on food safety and water treatment solutions, today announced it has acquired Steam Engineering (SEI), a Vancouver, WA-based provider of cleaning and sanitation chemicals for the food processing industry, water and wastewater treatment chemicals, engineering services and equipment.
Phil Johnson, Chairman and CEO of BHS, said, “We are very excited about the SEI acquisition. The addition of SEI strengthens BHS’ geographic presence in the Northwest region and enhances our cleaning and sanitation offerings, as well as our engineering know-how. SEI also expands our services in the water treatment area for direct food contact applications.”
This is the second growth acquisition that BHS has made since Mr. Johnson and Post Capital Partners acquired BHS in July 2010 under Post Capital’s “Executive-First” strategy, in which it partners with senior industry executives in sourcing, evaluating and managing portfolio companies. Post Capital Managing Director Michael Pfeffer said, “We will continue to make investments in BHS behind Phil Johnson and BHS’ co-founders, Bruce Schechinger and Michael Merlo. We are excited about the Company’s future.”
About BHS Specialty Chemicals
BHS Specialty Chemicals offers a complete spectrum of products and services to satisfy the chemical requirements of food manufacturers and other industries. An SQF 2000 Level II Certified Company, BHS provides chemicals approved and controlled for use in food manufacturing plants. Since 1998 the company has grown to become a prominent member of the chemical supplier industry. To learn more, visit http://www.BHSspecialtychemicals.com.
About Post Capital Partners LLC
Post Capital Partners (www.postcp.com) is a private investment firm that makes both minority growth and control investments in companies with a minimum of $10 million of revenue and $2 million of EBITDA. Post Capital primarily employs an “Executive-First” deal sourcing and investment strategy in which they pursue “Executive-First” platform searches, management buy-outs, and growth capital investments. Based in New York City, Post Capital invests a committed capital fund with top-tier institutional and sophisticated private investors.