Bison Capital Partners VI, LP has announced an investment in Wyo-Ben, Inc.
SANTA MONICA, CA (November 14, 2023) Bison Capital Partners VI, LP (“Bison Capital”) has announced an investment in Wyo-Ben, Inc. (“Wyo-Ben” or the “Company”). Wyo-Ben is a vertically integrated producer of bentonite products for industrial and pet care applications and recently launched a new division that provides private label cat litter products for major retailers. Proceeds from the investment are being used to support the near-term growth opportunities for the Company’s cat litter packaging division and to fund the acquisition of a complementary sodium bentonite production facility located in Greybull, WY and the related assets of M-I L.L.C. (“M-I Swaco” or “M-I”), a division of Schlumberger Limited (“SLB”).
Wyo-Ben, Inc.
Based in Billings, Montana, with over 70 years of operations, Wyo-Ben is a 5th generation family business with extensive experience extracting and processing sodium bentonite. With the acquisition of M-I, the Company operates four production facilities across the Wyoming Big Horn Basin. Wyo-Ben supplies bentonite as the primary ingredient used in cat litter (to third parties and its own operations), as well as mission-critical bentonite products for industrial applications, including oil well drilling, horizontal directional drilling, water well drilling, iron ore pelletizing, water treatment, and more. In 2021, the Company opened its cat litter packaging facility in Billings, MT to provide private-label cat litter for major big-box retail customers, utilizing its own sodium bentonite as the core ingredient. Bison Capital’s growth investment will be used to expand the Company’s cat litter packaging operation through increased automation and improved packaging capacity.
ABOUT BISON CAPITAL
Bison Capital is a Los Angeles and New York based private equity firm that makes growth capital investments in middle‐market companies, public or private, for expansion, acquisitions, and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. www.bisoncapital.com
