BasTech, Inc., based in Jacksonville, Florida, has been acquired by an investor group led by Cave Creek Capital Management, LLC, The Courtney Group, Incorporated, and C3 Capital, LLC in cooperation with management. BasTech produces specialty chemical products for customers in paper, pulp, mining and fertilizer sectors. www.bastech-chem.com
Investors in the transaction also included senior management, Jerry Rex and Gary Durrant, former executives at Dow and Union Carbide.
“With the completion of this transaction, we will be able to expand our horizon further, and still maintain the excellent relationships we have built with customers and vendors over the past 46 years,” said Jerry Rex, BasTech’s President. “We will have a strong focus on providing quality products and a commitment to the highest level of customer service.”
Kevin Fechtmeyer, President of Cave Creek Capital, and Tom Courtney, President of The Courtney Group, note that they are looking forward to their partnership with Jerry Rex and Gary Durrant, two seasoned executives who have built and managed successful performance chemical businesses.
“BasTech has some great technology and we look forward to pursuing growth opportunities that the company did not previously have the resources to pursue,” said Jerry Rex. “We are bringing a new management team which will allow us to grow and provide increased products and services to our targeted industry customers.”
Cave Creek Capital Contact:
Patricia Attridge, Administrator
Phone: (480) 659-4699