Business & Industrial Services

New Age Cryo

Niche, market-leading provider of a broad offering of industrial cleaning services.

Transaction Overview

  • Represented New Age Cryo (“New Age”), a portfolio company of Hadley Capital, on its sale to an undisclosed buyer.
  • New Age Cryo is a niche, market-leading provider of specialized industrial cleaning services primarily to ethanol facilities.
  • New Age’s service offering includes hydro blasting, dry / sponge blasting, vacuum truck services, industrial painting and other related services.

Drivers of Interest

  • Established reputation for delivering high-quality, industrial services, on-time and on-budget.
  • High-touch, personal relationships across a diverse, recurring base of best-in-class ethanol customers.
  • Function-critical, non-discretionary demand for industrial cleaning services.
  • Strong financial performance with impressive margins and free cash flow generation.
  • Two strategically located facilities creating efficient access to customer locations across the U.S.
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Hennepin Partners LLC