Cat Tech International, a global provider of industrial services to oil refineries and petrochemical plants, has received 3m in funding from Maven Capital Partners.
Maven, which has provided the funding to support of the MBO from US environmental services business Clean Harbors Inc., will help the company grow organically and through acquisitions. The team – led by Managing Director Karl Thew – will be enhanced by the appointment of a chairman over the next few weeks and a senior sales and marketing appointment to develop additional markets.
Operating across several major international markets, Cat Tech specializes in servicing equipment containing chemical reaction catalysts and introducing processes to improve catalyst handling operations where the ability to maintain operational efficiency is critical and there is an increasing focus on health and safety issues.
The company has offices in UK, Bulgaria, Sweden, China, Singapore and Thailand,
In conjunction with the investment, Maven’s Andrew Ferguson will join the board of Cat Tech.