Indianapolis, IN – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the recapitalization of Specialized Tech Inc. (“STI” or “Company”) on September 12, 2013. STI, headquartered in Calgary, Alberta, is dedicated to providing high pressure sand recovery services to its exploration and production customers in the oil and gas industry. STI was represented exclusively by Canaccord Genuity in this transaction. For additional information on the Company, please visit www.specializedtech.ca.
Chris Hemstock, President of STI stated, “We are pleased to have HKW as a partner as we move towards continued growth and innovation at STI. HKW’s experience in our industry is sure to add value and we look forward to growing the business together.”
“We are very excited about the partnership with Chris and the rest of the management team at STI,” said Luke Phenicie, HKW Partner. “Through innovation and development they have carved out a nice niche in a growing industry.”
About HKW – HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 44 platform transactions of lower middle-market companies throughout North America as well as 46 add-on acquisitions.