Excellere Partners said Feb. 12 that it has invested in Sepro Corp. Financial terms weren’t announced. Sepro, of Carmel, Indiana, provides plant protection and plant management products and services that fit specialized market needs.
PRESS RELEASE
SePRO Corporation announces a strategic partnership with Excellere Partners
Carmel, IN, Tuesday, February 12, 2019 – Bill Culpepper, President & CEO of SePRO Corporation announced today that Excellere Partners, a private equity firm focused on partnering with entrepreneurs and management teams, has made a strategic investment in SePRO Corporation.
Patrick O’Keefe, Partner at Excellere Partners stated, “Excellere was in search of partnership opportunities in the agricultural and water segments of the specialty chemicals industry that offer a solution comprised of high-performance products and proprietary technical services – SePRO fits these criteria perfectly. Founder Bill Culpepper is a recognized leader in the industry and has built a strong management team with a shared commitment to offering customers the most effective solutions in the market. As a result, SePRO is poised to continue its strong organic growth while also leveraging Excellere’s resources to pursue partnership opportunities and acquisitions in the industry.”
Over the past 25 years, SePRO has established itself as an innovator of specialty products and services that satisfy the unique needs of its customers. The company offers products that manage invasive weeds and algae in aquatic environments, plant growth regulators, herbicides, insecticides, and fungicides for the turf and greenhouse markets, as well as herbicides for the specialty agriculture markets. SePRO has a robust pipeline of new products in development including multiple novel biologic solutions.
Bill Culpepper said, “An exciting opportunity exists for SePRO to create additional value to customers across the markets we serve by expanding the breadth and depth of our products and services. It is clear to us that Excellere supports SePRO’s commitment to solving its customer’s most complex challenges. SePRO anticipates the Excellere partnership will enable the successful next phase of the company’s growth.” Since its beginning, SePRO has invested to create research, manufacturing and marketing capabilities to serve its customers. The partnership with Excellere will provide resources to enhance and accelerate the company’s growth opportunities. SePRO and Excellere intend to implement a multi-faceted growth strategy comprised of investments that further enhance SePRO’s infrastructure; continued penetration of its existing products; commercialization of a pipeline of new technologies; and complementary partnerships with other leading agricultural and water-focused specialty chemical businesses.
About SePRO Corporation
SePRO Corporation is dedicated to discovering and developing sustainable solutions. Founded in 1994, SePRO’s mission is to provide plant protection and plant management products and services that fit specialized market needs. The company acquires, develops, manufactures, and markets value-added products and services that satisfy the unique needs of their customers. In addition, SePRO has partnered with several of the top agriculture chemicalcompanies to develop chemistries for use in SePRO’s key markets. Central to that product innovation is the 410-acre SePRO Research & Technology Campus (SRTC) in Whitakers, NC. For more information about SePRO please visit https://www.sepro.com
About Excellere Partners
Excellere Partners is a Denver-based private equity firm with $1.36 billion of committed capital across Fund I, Fund II and Fund III, specializing in partnering with entrepreneurs and management teams. The firm employs a proven research-driven, top-down investment strategy, and supports its entrepreneurs and management teams with a proprietary value creation process designed to enhance corporate and operational infrastructure for scalability and growth. Excellere’s investments are focused on differentiated and growth-oriented companies positioned to benefit from industry consolidation and favorable macro-economic and demographic trends. Excellere’s targeted industry sectors include industrial technology and specialty chemicals; healthcare services and products; energy, power, and infrastructure services and products; and business services. For more information about Excellere, please visit https://www.excellerepartners.com
Source: https://www.pehub.com/2019/02/excellere-partners-invests-in-sepro-corp/
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