CARMEL, Ind. – Bill Culpepper, president and CEO of SePRO Corporation, has announced that Excellere Partners, a private equity firm focused on partnering with entrepreneurs and management teams, has made a strategic investment in SePRO Corporation.
SePRO's hope is that the partnership with Excellere will provide resources to enhance and accelerate the company’s growth opportunities. SePRO and Excellere intend to implement a multi-faceted growth strategy comprised of investments that further enhance SePRO’s infrastructure; continued penetration of its existing products; commercialization of a pipeline of new technologies; and complementary partnerships with other leading agricultural and water-focused specialty chemical businesses.
Over the past 25 years, SePRO has provided specialty products and services that help manage invasive weeds and algae in aquatic environments, plant growth regulators, and herbicides and insecticides. They also sell fungicides for the turf and greenhouse markets, as well as herbicides for the specialty agriculture markets.
“Excellere was in search of partnership opportunities in the agricultural and water segments of the specialty chemicals industry that offer a solution comprised of high-performance products and proprietary technical services – SePRO fits these criteria perfectly," said Patrick O’Keefe, a partner at Excellere Partners. "Founder Bill Culpepper is a recognized leader in the industry and has built a strong management team with a shared commitment to offering customers the most effective solutions in the market."
“An exciting opportunity exists for SePRO to create additional value to customers across the markets we serve by expanding the breadth and depth of our products and services," Culpepper said. "It is clear to us that Excellere supports SePRO’s commitment to solving its customer’s most complex challenges."
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