As published on ACG New York’s News & Trends In June 2019, we attended ACG’s 12th Annual Industrial Conference. Here are five of our top takeaways from Bob Girton’s presentation on ‘Specialty Chemicals’. Read more here.
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Ascensus signs definitive agreement to acquire the global leader in boranes and specialty alcoholates Bellevue, WA, September 6, 2019 – Wind Point Partners (“Wind Point”) and Ascensus Specialties LLC (“Ascensus”) announced today that Ascensus has signed a definitive agreement to acquire Callery, LLC (“Callery” or the “Company”). Callery is the leading global producer of boranes […]
Cleveland, OH, August 7, 2019 – Edgewater Capital Partners (“Edgewater”), the performance materials focused private equity firm, announced today that Sarita Gavhane has joined the firm as a Vice President. She joins the investment team and will be responsible for identifying and developing key investment themes for new investment opportunities, transaction execution, and supporting the […]
As published in Chemical & Engineering News On Mars-Evans City Road outside Pittsburgh in rural Evans City, Pennsylvania, a sign informs drivers that litter cleanup is sponsored by BASF. True for 13 years, it’s no longer the case. Litter removal is now in the hands of Callery, the revived name for a chemical facility set […]
Cleveland, OH, June 27, 2019 – Edgewater Capital Partners (“Edgewater“), the performance materials focused private equity firm, announced today that Brian Scanlan has joined the firm as an Operating Partner. He will work closely with Edgewater’s transaction team to develop investment opportunities in Life Sciences. Focus will be on businesses that offer differentiated technologies, manufacturing […]
As published in Speciality Chemicals Magazine Over the past 20 years, private equity firm Edgewater Capital Partners has focused on investing in lower to middle-market businesses, particularly niche manufacturers of specialty chemicals, pharmaceutical ingredients, engineered components and advanced materials. During that time, we have always collaborated with our senior management teams on current issues, challenges […]
Cleveland, OH, June 11, 2019 – Edgewater Capital Partners (“Edgewater”), the performance materials focused private equity firm, announced today that Jason Burmer has joined the firm as Vice President of Business Development. He will spearhead Edgewater’s business development function and work closely with the investment team to implement key investment themes and expand upon the […]
Fiber Materials, Inc. in Biddeford is experiencing unprecedented growth in its core defense and space markets, and in diversified markets such as high-performance racing, commercial aerospace and industrial markets. This year it plans to add at least 50 people. By the end of 2019, the employee count is expected to be about 235. The growth […]
Cleveland, OH, April 9, 2019 –Edgewater Capital Partners (“Edgewater”), the performance materials focused private equity firm, announced today that Dr. Rakesh Kapoor has joined the firm as an Operating Partner. He will work closely with Edgewater’s investment team around advanced materials and components companies. Rakesh will also support Edgewater’s portfolio companies with strategic and value creation activities. Rakesh’s […]
Cleveland, OH, March 7, 2019 – Edgewater Capital Partners (“Edgewater”), the performance materials focused private equity firm, announced today that Chris Springer has joined the firm as an Operating Partner – Specialty Materials & Components. He will work closely with Edgewater’s investment team to source transactions in specialty materials and engineered components. Chris will also […]
Cleveland, Ohio and Giddings, Texas – 2018. Edgewater Capital Partners (“Edgewater”) announces the acquisition of Leeco Industrial Plastics, Inc. (“Leeco”), located in Giddings, TX, by its portfolio company, TRITEC Performance Solutions (“TRITEC”), boosting TRITEC’s reach, end-market access, manufacturing capability, and product line.
Cleveland, OH and San Jose, CA – 2018. Edgewater Capital Partners (“Edgewater”) is pleased to announce that it has completed the acquisition of Wafer Holding Company, LLC (“Pure Wafer”). Based in San Jose, CA, Pure Wafer is the largest U.S. based provider of silicon wafer reclaim services and supplies virgin silicon wafers, specialty thin film […]
Cleveland, OH and Evans City, PA. Edgewater Capital Partners (“Edgewater”) has completed the previously announced acquisition of BASF’s Inorganic Specialties business, which includes the Evans City, Pennsylvania production site and the Specialty Alcoholates, Boranes and Alkali Metals product lines. The Company has been renamed “Callery”, a name that speaks to the innovation and customer focus […]
Cleveland, OH and St. Louis, MO. Edgewater Capital Partners (“Edgewater”) is pleased to announce the divestiture of the operating subsidiaries of PolyAd Services (“PolyAd”) to ALTANA Group’s BYK Additives & Instruments Division. Financial terms were not disclosed. Acquired by Edgewater in a carve-out transaction from BASF in 2014, PolyAd offers innovative additive solutions for a […]
Edgewater Capital Partners Acquires Fiber Materials, Inc. from GrafTech International Holdings, Ltd.
Cleveland, OH and Biddeford, ME. Edgewater Capital Partners (“Edgewater”) is pleased to announce that it has completed the acquisition of Fiber Materials Inc. (“FMI”) from GrafTech International Holdings, Ltd. (“GrafTech”), a portfolio company of Brookfield Asset Management. Financial terms were not disclosed. Based in Biddeford, Maine, FMI is a leading designer and manufacturer of advanced composite […]
Edgewater Capital Partners Acquires DanChem Technologies, Inc. from Ensign-Bickford Industries, Inc.
Cleveland, OH and Danville, VA. Edgewater Capital Partners (“Edgewater”) is pleased to announce that it has completed the acquisition of DanChem Technologies, Inc. (“DTI”, “DanChem”, or the “Company”) from Ensign-Bickford Industries, Inc. (“EBI”). Financial terms were not disclosed. Based in Danville, Virginia, DTI provides process scale-up and contract manufacturing (tolling) services to the fine and […]
Cleveland, OH and Palm Bay, FL. Edgewater Capital Partners, LLC (“Edgewater”) is pleased to announce that its portfolio company, FAR Chemical, Inc. (“FAR”), has completed the acquisition of the acetylacetonates product line and related assets of MacKenzie Chemical, LLC (“MacKenzie”). Financial terms were not disclosed. Based near New Orleans, Louisiana, MacKenzie is a manufacturer of […]
Cleveland, OH and Florham Park, NJ. Edgewater Capital Partners has entered into an agreement to acquire BASF’s Inorganic Specialties business, including its Evans City, PA production site and the Specialty Alcoholates, Boranes and Alkali Metals product lines which are produced at the site. The transaction is expected to be completed in the first quarter 2017, […]
Edgewater Capital Partners and Grace Matthews participated in IHS Chemical Week webcast on creating value through corporate carve-outs Edgewater Capital Partners, a private equity firm focused on investing in lower and middle-market performance materials businesses, and Grace Matthews, a middle-market investment bank providing merger, acquisition and corporate finance advisory services for chemical companies, participated in […]
IHS Chemical Week Quotes Ryan Meany, Managing Partner of Edgewater Capital Partners, in it’s M&A Cover Story IHS Chemical Week, one of the leading publications for the global chemical industry, published its annual review of M&A activity in the chemicals sector for its August 2nd cover story, “M&A: The path ahead”. Ryan Meany, along with other industry players, […]
Ryan Meany, Managing Partner of Edgewater Capital Partners, shares insights into the relationship between private equity firms and the chemical industry with SOCMA. The Society of Chemical Manufacturers and Affiliates (“SOCMA”), the only U.S.-based trade association dedicated solely to the specialty chemical industry, interviewed Ryan Meany for its June web blog to learn more about Edgewater Capital Partners’ […]
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 […]
TriTec Seal, LLC (“TriTec”), a portfolio company of Edgewater Capital Partners and a leading designer and manufacturer of high performance rotary shaft seals for various end-markets, is pleased to announce that Marcus Pillion has been named its CEO. Pillion will be responsible for TriTec’s global strategic operations with a primary focus of expanding the company’s […]
Edgewater Capital Partners is pleased to announce that David Duke has joined the firm as Director of Business Development. In his role, David will lead the firms marketing, deal sourcing, and development efforts. David has over 20 years of experience in investment banking and finance and was previously the head of Cary Street Partners’ Chemicals and […]
Edgewater Capital Partners is pleased to announce that Brian Leonard has joined the firm as Chief Financial Officer and Chief Compliance Officer. Brian will be responsible for the firm’s accounting, tax, valuation, and financial reporting functions. As well, Brian will oversee and manage investor and regulatory compliance for the firm. Prior to joining Edgewater, Brian […]
Cleveland, Ohio – Edgewater Capital Partners announced the closing of Edgewater Capital Partners III (“ECP III”), a size and sector focused buyout fund dedicated to investing in lower, middle-market performance materials businesses…
Cleveland, Ohio – Edgewater Capital Partners (“ECP”) is pleased to announce that it has completed the acquisition of Far Chemical, Inc…
Tri-Tec-Seal-Receives-ISO-Certification
Ludwigshafen, Germany – BASF and Gabriel Performance Products, LLC, a U. S. based specialty chemical company, signed a contract to transfer the BASF Capcure® business to Gabriel Performance Products. The transaction was formally completed today. Capcure® mercaptan-based curatives are used in epoxy curing applications that require rapid room temperature cure. The Capcure® product line acquisition […]
Cleveland, Ohio – Edgewater Capital Partners (“Edgewater”) is pleased to announce that it has completed the acquisition of a controlling interest in Tri-Tec Seal, LLC (“Tri-Tec”), a leading designer and manufacturer of high performance rotary shaft seals for various end-markets, including mining, industrial, agricultural, oil and gas, and chemical industries. In addition to Tri-Tec’s attractive […]
Edgewater Capital Partners (“Edgewater”) is pleased to announce today that it has completed its divestiture of the operating assets of Syrgis Performance Products (“Syrgis”) with the sale of Syrgis Specialties (“Specialties”), the company’s ultraviolet (“UV”) light Inhibitor business located in El Dorado, Arkansas, to members of its management team. The sale of Specialties completes Edgewater’s […]
Gabriel Performance Products, LLC announced today the appointment of Brenntag North America as their exclusive distribution partner for the Fluorolube® brand of oils and greases. This partnership designates Brenntag Solutions Group the e-distribution arm of Brenntag North America, as the exclusive channel partner for Fluorolube® across the globe. Brenntag will provide marketing, sales, order fulfillment, […]
Turbonetics Inc, manufacturer of turbochargers, pressure control valves, and heat exchangers for automotive and industrial applications, announced that it has received the prestigious Caterpillar Inc. Supplier Quality Excellence Program (SQEP) certification. Turbonetics has been awarded the designation by meeting and exceeding requirements in quality, process control and customer service. “SQEP certification is an important achievement […]
Syrgis®, an international diversified group of fine and specialty chemical manufacturers, has received a license to operate a business in China under the name Shanghai Syrgis Trading Co., Ltd. The company will be based in Shanghai and has named Henry Tong as the General Manager. “One of the key facets of Syrgis’ strategy is geographic […]
Syrgis®, an international diversified group of fine and specialty chemical manufacturers, today announced that A1 Fiberglass is the recipient of the first “Syrging Ahead™”Award. The award was presented (in abstentia) to Dan Gernstein, president/owner of A-1 Fiberglass, in a ceremony at the American Composites Manufacturers Association’s (ACMA) Composites 2011 show in Ft. Lauderdale, Fla. yesterday. […]
After months of extensive development and testing, Turbonetics has received Executive Order # D-99-7, which certifies the Turbonetics turbo system as the currently only 50 state emissions complete turbo kit for the 2010 and up Chevrolet Camaro SS. The EO # is issued by the California Air Research Board (CARB) only for products that meet […]
Edgewater Capital Partners, a leading private equity firm, is pleased to announce that Bob Girton has joined the firm as an Associate. “We are very pleased to welcome Bob to Edgewater.” Mr. Girton was previously an Investment Banking Analyst at Harris Williams & Co. and Candlewood Partners. He received his bachelors in Corporate Finance Management […]
Q & A WITH CHRIS CHILDRES Chemical M&A activity heated up when we entered the second half of 2010 as numerous assets came to the market hoping for a calendar year-end close. However, due to the tremendous level of private equity dry powder built up over the past eighteen months, we are likely heading into […]
How evolution performance put the new GT into the 10s with bolt-ons.
Turbonetics Inc, leading manufacturer of turbochargers, pressure control valves, and heat exchangers for automotive and industrial applications announced that is has met all requirements to achieve ISO 9001:2008 certification. Turbonetics has been awarded the designation by meeting and exceeding all requirements in design, operations, and production of its cutting edge forced induction product lines, as […]
An investor group led by Edgewater Capital Partners has acquired Particle Dynamics (PDI), a former subsidiary of KV Pharmaceuticals. PDI develops and globally markets specialty ingredient product lines for the pharmaceutical, nutritional, food, and personal-care industries. Its products include value-added pharmaceutical, vitamin, mineral, herbal, and specialty products that provide benefits such as improved taste, enhanced […]
US specialty chemicals producer Syrgis is adopting new names for two of its three business units, part of a plan to expand into new markets including Latin America and the Middle East, a company executive said on Tuesday. Syrgis is the result of various acquisitions that, over the years, provided it with its three current […]
Fine and specialty chemicals group Syrgis (Cincinnati, OH) says 2009 was a “good” year financially with sales growth in 2009 set to continue in 2010. A key element in the group’s success during the past year has been its focus on high-growth market niches and development of technological expertise in these niches, says Andy Harris, […]
Turbonetics new Duramax turbocharger pedestal won one of SEMA’s International New Product Awards this past week in Las Vegas at the SEMA show. The pedestals techically challenging casting was recognized as being a superior engineering design and manufactured product. Congratulations to the Turbonetics engineering staff for delivering such a wonderful product. Turbonetics Duramax Turbocharger Pedestal […]
This group of specialty chemical companies stays on top of their industry through diversification and forward thinking…
Gabriel Performance Products of Ashtabula, Ohio is pleased to announce its sale to Edgewater Capital Partners, a private equity firm based in Cleveland, Ohio. Gabriel is a leading manufacturer of proprietary and custom formulated specialty chemical products, which are used in various industrial end-market applications. Gabriel’s current senior management team is remaining with the business […]
Woodmere private equity firm Edgewater Capital Partners has acquired Turbonetics Inc., a unit of Kelly Aerospace, based in Simi Valley, Calif. Turbonetics makes aftermarket turbochargers, heat exchangers, controls and related products for high-performance cars. Terms were not disclosed. Cleveland law firm Kahn Kleinman LPA was counsel for Edgewater in the transaction. Crain’s Cleveland Business – […]
Detroit, Michigan – W. Y. Campbell & Company announce the sale of Tractech Holdings, Inc., a portfolio company of Edgewater Capital Partners, L.P. to Eaton Corporation. W. Y. Campbell & Company acted as the exclusive investment banking advisor to Edgewater Capital Partners, L.P. and Tractech in managing this sale process. Tractech Holdings, Inc. is a […]
Madison Heights, Mich. – Edgewater Capital Partners and other investors saw a 105% net IRR from the $54.3 million sale – now closed – of auto parts maker Tractech Holdings Inc. to diversified industrial manufacturer Eaton Corp. Ryan Meany, principal at Edgewater said that the firm, as well as other investors, were pleased with the […]
Cleveland, Ohio – Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today it has reached agreement to purchase Tractech Holdings, Inc., a global manufacturer of specialized differentials and clutch components for the commercial vehicle markets, for a price of $54 million. The transaction is expected to close by the end of August. Tractech had 2004 sales […]
Chagrin Falls private equity firm Edgewater Capital Partners has acquired Tractech, Inc., a Warren, Mich.-based designer and manufacturer of traction-enhanced differentials for trucks, military vehicles and construction equipment. Edgewater and a group of other investors acquired Tractech, which has more than $30 million in annual revenue and more than 100 employees, from its parent company, […]
Despite the toughest market for leveraged buyouts in years, three local equity investment firms have bucked the trend and have closed a handful of deals within the last few weeks. The Riverside Co. and Blue Point Capital Partners in Cleveland, and Edgewater Capital Partners in Chagrin Falls, all put the finishing touches on buyouts recently, […]