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Capital Allocators – Inside the Institutional Investment Industry

[REPLAY] Ironclad Environmental Services – Chris and Rob Michalik (Kinderhook Industries), (PE Deals, S3E8)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Investing, Capitalallocation, Business

4.8806 Ratings

🗓️ 11 November 2024

⏱️ 41 minutes

🧾️ Download transcript

Summary

On episode eight of season three of Private Equity Deals, Chris and Rob Michalik discuss Kinderhook Industries’ investment in Ironclad Environmental Services.

 

Chris and Rob are twin brothers and co-founders of Kinderhook, a twenty-year-old private equity firm that manages $5 billion specializing in middle-market businesses across healthcare services, environmental services, and automotive/light manufacturing.

 

Ironclad Environmental Services is a leading provider of logistics-based solutions focused on the containment of industrial waste. It has 50 branches and a fleet of 29,000 specialized rental assets that store, separate, and transport liquid and solid industrial waste.

 

Our conversation covers Kinderhook’s identification, due diligence, and negotiation of the deal. We discuss a significant early add-on acquisition, progress-to-date, and the future of Ironclad.

 

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Transcript

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0:00.0

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0:10.5

Ten East brings benefits of having your own family office without the cost and headaches of doing so.

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0:24.2

Michael and his investment team offer members the opportunity to co-invest by offering at their

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across more than 350

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transactions. Post-investment, the Tennis team conducts ongoing monitoring and reporting,

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just as you'd expect from an institutional investment organization. I've known Michael for about a

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decade, and after becoming impressed by the quality of 10 East offerings, its research

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process, and high-quality investment team, I became an advisor to the organization, an investor

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in multiple offerings. You can learn more and join me as a member at 10-east.com. That's the number 10,

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...

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