VICKSBURG, Miss (May 16)—Obsidian Capital Co., an Indianapolis-based private equity fund, has purchased U.S. Rubber Reclaiming Inc. from entrepreneur Dr. Beurt SerVaas for an undisclosed sum. "U.S. Rubber has had a long tenure in supplying the finest reclaimed butyl rubber in the industry," Obsidian CEO Timothy Durham said in a news release. "Our goal is to maintain USRR's already high quality standards while significantly increasing production capacity." SerVaas, an Indianapolis physician, businessman and publisher, announced last August that he was seeking a buyer for U.S. Rubber Reclaiming.
Obsidian Capital Co. buys U.S. Rubber Reclaiming
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