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AMERICAN INDUSTRIAL PARTNERS TO ACQUIRE VEOLIA NORTH AMERICA'S SULFURIC ACID REGENERATION BUSINESS

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American Industrial Partners (AIP) has acquired Veolia North America's Sulfuric Acid Regeneration Business, renaming it Nexpera. The company provides critical environmental services and sulfur-based products for various industries, including refineries, semiconductor production, mining, and EV battery manufacturing.

Nexpera operates 13 facilities across the U.S., employing approximately 300 full-time employees. The acquisition aims to accelerate expansion and capitalize on industry advancements. CEO Stuart Thomas emphasized the opportunity to become the leading provider of outsourced refinery regeneration services.

AIP Partner Alex Schukin highlighted Nexpera's alignment with market drivers related to clean fuel production, emission reduction, and reshoring of industrial activities in the U.S. The partnership is expected to enable Nexpera to meet growing demand for clean-burning fuel components with sustainable and efficient regeneration services.

American Industrial Partners (AIP) ha acquisito il Business di Rigenerazione dell'Acido Solforico di Veolia North America, rinominandolo Nexpera. L'azienda fornisce servizi ambientali critici e prodotti a base di zolfo per vari settori, incluse raffinerie, produzione di semiconduttori, mining e produzione di batterie per veicoli elettrici.

Nexpera opera in 13 strutture negli Stati Uniti, impiegando circa 300 dipendenti a tempo pieno. L'acquisizione mira ad accelerare l'espansione e a sfruttare i progressi del settore. Il CEO Stuart Thomas ha sottolineato l'opportunità di diventare il fornitore leader di servizi di rigenerazione per le raffinerie esternalizzati.

Il partner di AIP Alex Schukin ha evidenziato l'allineamento di Nexpera con i fattori di mercato relativi alla produzione di carburanti puliti, riduzione delle emissioni e rimpatrio delle attività industriali negli Stati Uniti. Si prevede che la partnership consenta a Nexpera di soddisfare la crescente domanda di componenti di carburante a combustione pulita con servizi di rigenerazione sostenibili ed efficienti.

American Industrial Partners (AIP) ha adquirido el Negocio de Regeneración de Ácido Sulfúrico de Veolia North America, renombrándolo Nexpera. La empresa ofrece servicios ambientales críticos y productos a base de azufre para diversas industrias, incluyendo refinerías, producción de semiconductores, minería y fabricación de baterías para vehículos eléctricos.

Nexpera opera en 13 instalaciones en EE. UU., empleando aproximadamente 300 empleados a tiempo completo. La adquisición tiene como objetivo acelerar la expansión y capitalizar los avances en la industria. El CEO Stuart Thomas enfatizó la oportunidad de convertirse en el proveedor líder de servicios de regeneración de refinerías externalizados.

El socio de AIP, Alex Schukin, destacó la alineación de Nexpera con los factores del mercado relacionados con la producción de combustibles limpios, reducción de emisiones y reubicación de actividades industriales en EE. UU. Se espera que la asociación permita a Nexpera satisfacer la creciente demanda de componentes de combustibles de combustión limpia con servicios de regeneración sostenibles y eficientes.

어메리칸 인더스트리얼 파트너스(AIP)가 베올리아 노스 아메리카의 황산 재생 사업을 인수하고 Nexpera라는 이름으로 변경했습니다. 이 회사는 정유소, 반도체 생산, 광산업 및 전기차 배터리 제조를 포함한 다양한 산업에 필수적인 환경 서비스 및 황 기반 제품을 제공합니다.

Nexpera는 미국 전역에 13개 시설를 운영하며 약 300명의 정규직 직원을 고용하고 있습니다. 이번 인수는 확장을 가속화하고 산업 발전을 활용하는 것을 목표로 하고 있습니다. CEO 스튜어트 토마스는 외부 서비스 제공업체로서 정유소 재생 서비스의 선도적인 제공자가 될 기회에 대해 강조했습니다.

AIP 파트너 알렉스 슈킨은 Nexpera가 미국 내 청정 연료 생산, 배출 감소 및 산업 활동의 리쇼어링과 관련된 시장 주체와 잘 맞아떨어진다고 강조했습니다. 이 파트너십은 Nexpera가 지속 가능하고 효율적인 재생 서비스로 청정 연료 컴포넌트에 대한 증가하는 수요를 충족할 수 있도록 할 것으로 예상됩니다.

American Industrial Partners (AIP) a acquis le secteur de régénération d'acide sulfurique de Veolia North America, le renommant Nexpera. L'entreprise fournit des services environnementaux cruciaux et des produits à base de soufre pour diverses industries, y compris raffineries, production de semi-conducteurs, extraction minière et fabrication de batteries de véhicules électriques.

Nexpera exploite 13 installations à travers les États-Unis, employant environ 300 employés à temps plein. L'acquisition vise à accélérer l'expansion et à tirer parti des avancées de l'industrie. Le PDG Stuart Thomas a souligné l'opportunité de devenir le fournisseur leader de services de régénération externalisés pour les raffineries.

Le partenaire d'AIP, Alex Schukin, a mis en avant l'alignement de Nexpera avec les facteurs de marché liés à la production de carburants propres, la réduction des émissions et le rapatriement des activités industrielles aux États-Unis. Il est prévu que ce partenariat permette à Nexpera de répondre à la demande croissante de composants de carburant à combustion propre grâce à des services de régénération durables et efficaces.

American Industrial Partners (AIP) hat das Geschäft für die Regeneration von Schwefelsäure von Veolia North America übernommen und in Nexpera umbenannt. Das Unternehmen bietet wichtige Umweltservices und schwefelbasierte Produkte für verschiedene Branchen, einschließlich Raffinerien, Halbleiterproduktion, Bergbau und Elektrofahrzeug-Batteriefertigung.

Nexpera betreibt 13 Einrichtungen in den USA und beschäftigt rund 300 Vollzeitmitarbeiter. Die Übernahme soll die Expansion beschleunigen und von den Fortschritten in der Branche profitieren. CEO Stuart Thomas betonte die Möglichkeit, der führende Anbieter von ausgelagerten Regenerationsdiensten für Raffinerien zu werden.

AIP-Partner Alex Schukin hob die Übereinstimmung von Nexpera mit den Marktfaktoren in Bezug auf saubere Brennstoffproduktion, Emissionsreduktion und Rückverlagerung industrieller Aktivitäten in den USA hervor. Es wird erwartet, dass die Partnerschaft Nexpera in die Lage versetzt, die wachsende Nachfrage nach sauber brennenden Kraftstoffkomponenten mit nachhaltigen und effizienten Regenerationsdiensten zu decken.

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The partnership will enable the Company, which is a market-leading provider of mission-critical environmental services and specialty sulfur-based products for diversified industries, to accelerate its expansion strategy

NEW YORK, July 31, 2024 /PRNewswire/ -- American Industrial Partners ("AIP") today announced it has acquired the Sulfuric Acid Regeneration Business ("the Company") of Veolia North America ("Veolia"), which includes its sulfuric acid and potassium hydroxide regeneration, sulfur gas recovery, and sulfur-based products production businesses. The company has been renamed Nexpera, with the mission to bring next-level expertise for industrial chemistry to its customer base.

A provider of mission-critical circular economy environmental services and products, the Company helps refineries cleanly process sulfur gas and regenerate spent sulfuric acid and potassium hydroxide which are critical to the alkylation process. In addition, the Company manufactures sulfuric acid and sulfur derivatives for a broad range of industrial processes, including semiconductor production, gold and copper mining, and EV battery production.

Sulfuric acid is the world's largest volume industrial chemical and is used in many industries, including as a catalyst in alkylate production where the Company is a U.S. industry leader supporting refinery customers to regenerate spent sulfuric acid back to original properties for reuse. The Company also regenerates and converts sulfuric acid, sulfur gas and elemental sulfur into merchant sulfuric acid and high-value sulfur derivatives for industrial end uses, including fertilizers, metals, personal care, water treatment, and chemical processing. Headquartered in Newark, Delaware, the Company operates 13 facilities, including five onsite at refineries, and employs approximately 300 full-time employees across the U.S.

"Over the last two decades there has been transformative advancement in the industry, providing a great opportunity for us to increasingly serve as the go-to provider of outsourced refinery regeneration services," said Stuart Thomas, CEO at the Company. "The business is expected to continue to benefit from strong tailwinds and our partnership with AIP will enable us to further capitalize on those opportunities to take the business to new heights. We look forward to this next chapter and working closely with AIP to chart our future growth."

Alex Schukin, Partner at AIP, said, "Nexpera's business units align with strong market drivers related to clean fuel production, emission reduction, and reshoring of industrial activities in the U.S.  We look forward to partnering with the Nexpera team as they enable their customers to meet the world's growing demand for clean-burning fuel components with sustainable, efficient and environmentally conscious regeneration services. As an industry leader, the Company serves a vital role in our nation's energy infrastructure while also addressing diverse, growing, and high-value applications across the industrial economy."

Perella Weinberg Partners and Messier & Associés served as financial advisors and Seyfarth Shaw LLP served as legal counsel to Veolia. Chemlink Partners, LLC served as financial advisor and Ropes & Gray LLP served as legal counsel to AIP.

About Nexpera

Nexpera, LLC, a North American industrial chemistry solutions provider, specializes in sulfuric acid and potassium hydroxide (KOH) regeneration services, as well as sulfur-based chemical products and related services. Through strategically located facilities across North America, Nexpera delivers mission-critical products and services to diverse industries, with a significant presence in the energy and chemicals sector. With decades of experience, Nexpera offers innovative and reliable solutions that minimize waste generation while maximizing operational efficiency for its partners. www.nexperasolutions.com 

About AIP

American Industrial Partners ("AIP") is an industrials investor, with approximately $16 billion in assets under management. AIP is distinctively focused on industrial businesses across a broad range of end markets that include: aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP looks to generate differentiated returns by investing in quality industrial businesses with strong management teams and working with those teams to implement comprehensive operating agendas to build long-term value. Current AIP portfolio companies generate aggregate annual revenues of approximately $25 billion and employ approximately 65,000 employees as of March 31, 2024. In October 2023, AIP closed its eighth fund at $5.1 billion. www.americanindustrial.com

About Veolia

Veolia's ambition is to become the benchmark company for ecological transformation. With nearly 218,000 employees on five continents, the Group designs and deploys useful, practical solutions for managing water, waste and energy that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group served 113 million people with drinking water and 103 million with wastewater services, produced 42 terawatt-hours of energy and recovered 63 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated sales of €45.3 billion in 2023. https://www.veolia.com  

Contacts:

Media Inquiries: American Industrial Partners – pro-AIP@prosek.com

Veolia North America - Nate Pepper - nathan.pepper@veolia.com

 

Cision View original content:https://www.prnewswire.com/news-releases/american-industrial-partners-to-acquire-veolia-north-americas-sulfuric-acid-regeneration-business-302211044.html

SOURCE American Industrial Partners

FAQ

What company did American Industrial Partners acquire from Veolia North America?

American Industrial Partners acquired Veolia North America's Sulfuric Acid Regeneration Business, which has been renamed Nexpera.

What services does Nexpera provide after the acquisition?

Nexpera provides mission-critical circular economy environmental services, including sulfuric acid and potassium hydroxide regeneration, sulfur gas recovery, and production of sulfur-based products for various industries.

How many facilities does Nexpera operate in the United States?

Nexpera operates 13 facilities across the United States, including five onsite at refineries.

What are the main industries served by Nexpera's products and services?

Nexpera serves various industries including refineries, semiconductor production, gold and copper mining, EV battery production, fertilizers, metals, personal care, water treatment, and chemical processing.

What are the key market drivers aligned with Nexpera's business, according to AIP?

According to AIP, Nexpera's business aligns with market drivers related to clean fuel production, emission reduction, and reshoring of industrial activities in the United States.

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