Edgewater Capital Partners Acquires ChemQuest Chemicals
Edgewater Capital Partners, L.P. (“Edgewater”) is pleased to announce the acquisition of ChemQuest Chemicals, LLC. Based in Pasadena, Texas, ChemQuest is a custom blender and value-added supply chain partner for chemical companies serving a broad range of industries, including agriculture, water treatment, petrochemicals, and other industrial applications. The company has an outstanding reputation and broad product offering, including mixing and blending, repackaging, filling, labeling, palletizing, private labeling, and inventory management to a large base of customers throughout the Gulf Region and beyond.
Clayton Pace will become the new CEO of ChemQuest and an investor in the business. Mr. Pace is the former President and CEO of EquaChlor, a middle market chemical manufacturer, and President of Helena Industries, a contract manufacturer of specialty and commodity chemicals. Lewis Talbert, the previous owner of ChemQuest, will retain a minority stake in the business. Financial terms were not disclosed.
Edgewater and Mr. Pace recognized ChemQuest as a strong business platform that will benefit from leadership with experience in the chemical industry and additional management and capital resources. The company will broaden its reach, product offering, and geographic footprint. With more than 30 years of chemical industry experience, Mr. Pace is an excellent CEO candidate to drive these initiations at ChemQuest.
“ChemQuest has a solid customer base, an excellent reputation in the marketplace, and an experienced team. This is a great platform for growth,” said Mr. Pace.
“Lewis has done a great job of positioning the business for the next stage of growth since he acquired it three years ago, and we believe that the industry connections and the management skills that Clay brings add tremendous value to the company,” commented Christopher Childres, Managing Partner of Edgewater. “As a private equity group with 16 years’ experience investing in the chemicals industry, we believe that, with our combined leadership and expertise, ChemQuest has great potential going forward.”
About ChemQuest Chemicals, LLC
Strategically located near the Port of Houston on the upper Texas Gulf Coast, ChemQuest Chemicals has a long and successful history of providing chemical blending and toll manufacturing services for chemical manufacturers in and around the Bayport Industrial Complex, a designated industrial chemical area. ChemQuest has expertise in blending and manufacturing aqua ammonia and ammonia-based compounds along with industrial cleaning compounds, water treatment chemicals, liquid phosphates, and chemicals for the petrochemical, agricultural, pulp and paper, metal finishing, and other specialty chemical industries. ChemQuest is known for the high quality of its products, customer service, and its commitment to continuous improvement. For more information, visit www.chemquestchemicals.com.
About Edgewater Capital Partners
Edgewater Capital Partners, based in Cleveland, Ohio, is a size and sector focused private equity firm. For nearly 16 years, ECP has focused its investing efforts on lower middle-market performance materials companies – specialty chemicals, pharmaceutical ingredients, and engineered substances. Through partnership with superb management teams and knowledge developed through years of successful, industry-focused principal investing, Edgewater has the know-how to cultivate, support, and enhance the growth of its portfolio companies. For more information on Edgewater Capital Partners, visit www.edgewatercapital.com.