April 5: Build it and they will come
What’s it take to make a business attractive enough for a sale? Join Venture Connectors on Wednesday, April 5, to hear all about the acquisition of one of Louisville’s fastest-growing companies, C.I.Agent Solutions.
Founder Dan Parker will share how he grew the environmental cleanup company into an industry leader that got the attention of Mattoon, Ill.-based Justrite Manufacturing Co., a provider of products for the safe management of flammable liquids. Justrite purchased C.I.Agent Solutions in November. Click here to register.
Founded in 2000, C.I.Agent Solutions developed the C.I.Agent product, a non-toxic, petroleum-based polymer that turns fuels and oils into a rubberlike substance, allowing for better and easier cleanup of land and water spills. Among many notable projects, the company helped clean up the oil spill from the Deepwater Horizon drilling platform in the Gulf of Mexico in 2010.
C.I.Agent Solutions was attractive to Justrite because of its many talented people and its cutting-edge oil-filtration technology that removes hydrocarbons from water. C.I.Agent Solutions had about 26 employees and revenue of just under $10 million at the time of its acquisition. The company ranked No. 28 on Business First’s Fast 50 in 2016.
Parker grew up in poverty as one of eight children in Louisville’s Buechel neighborhood. After high school, he became somewhat of a serial entrepreneur, starting and owning several local businesses, including Dad’s Imports, as car repair shop he ran from 1974 to 1994. He also has owned waste oil, restaurant equipment and salvage materials businesses.
Parker continues to consult with C.I.Agent Solutions, and most of the company’s employees have remained in Louisville after the sale.
Venture Connectors’ luncheon meetings are held on the first Wednesday of each month (with the exception of March and July in 2017) at the Muhammad Ali Center, 144 N. Sixth St. Doors open at 11:30 a.m., and the meeting runs from noon-1:15 p.m. Members attend free; associate members pay $30. Guests who register online by noon the day before the lunch pay only $40. Click here to register.
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Venture Sharks 2017
Applications for the region's hottest business competition are now closed. Semifinalists will be announced soon, and they'll compete April 12. Then, four lucky finalists will jump in the water with investor sharks May 3. Click here to register for the events.
Venture Sharks Audience Participation Crowdfunding Campaign
Donate now to support the audience choice winner to be selected by text vote May 3! Click here to read the rules.
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Muhammad Ali Center
144 N.Sixth St.
Louisville, KY 40202
Phone: (502) 584-9254
Other Events Around Town
2017 Who's Been Funded
4 - Companies funded
$6,825,000 - Capital raised
2016 Who's Been Funded Final Results
33 - Companies funded
$77,704,901 - Capital raised
2 - Company exits
Undisclosed amount - Capital raised