Industrial Growth Partners – Backed SPL Acquires Oxidor Laboratories
December 31, 2021
Genz & Associates (“Genz”) is pleased to announce the acquisition of Oxidor Laboratories by SPL, a portfolio company of Industrial Growth Partners (“IGP”). Oxidor Laboratories based in Plano, TX, is a full-service analytical testing company that performs environmental and chemical analyses, specializing in wastewater and stormwater testing.
SPL, based in Houston, TX, is a leading provider of outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport companies.
IGP and SPL retained Genz & Associates as their buy-side M&A advisor to assist in their acquisition growth strategy. Genz & Associates has been working with IGP for over six years on various initiatives. The acquisition of Oxidor Laboratories is the second acquisition Genz has closed with SPL and the eighth overall with IGP.