Business News

Olympus Acquires Snyder Industries, Inc. From Cortec Group

2008-07-17 15:43:00

    STAMFORD, Conn., July 17 /EMWNews/ -- Olympus Partners is pleased to

announce that it has acquired Snyder Industries, Inc. from Cortec Group.

Snyder Industries, Inc., headquartered in Lincoln, Nebraska, is a leading

designer and manufacturer of custom-engineered bulk containers. The company

produces a variety of plastic and steel tanks used in the transportation

and storage of liquid and dry materials primarily for the agriculture, oil

and gas, water and wastewater, and chemical distribution markets.

    Manu Bettegowda of Olympus Partners commented, "We are excited to

partner with the management team to leverage the company as a platform for


    Founded in 1988, Olympus Partners is a Stamford, Conn.-based private

equity firm focused on providing equity capital for middle market

management buyouts and for companies needing capital for expansion. Olympus

is an active, long-term investor across a broad range of industries,

including healthcare services, financial services, consumer products and

business services.

    Olympus manages in excess of $3 billion on behalf of corporate pension

funds, endowment funds and state-sponsored retirement programs. The

acquisition of Snyder Industries, Inc. is Olympus' first investment out of

its $1.5 billion fifth fund.

    The Olympus team included Manu Bettegowda, Mike Horgan and Sarah

Betzwieser. Olympus was represented by John Schoenfeld of Kirkland & Ellis


    Matt Salisbury and Derek Beres of Edgeview Partners advised the sellers

on the transaction.

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