Lubrication Engineers (Aurora Capital) Acquires SWEPCO from Key Polymer (DalFort)

Lubrication Engineers Acquires SWEPCO

July 10, 2025

Manufacturing

Lubrication Engineers (LE) has acquired Southwestern Petroleum Lubricants (SWEPCO) from an affiliate of DalFort Capital Partners. SWEPCO, founded in 1933, manufactures specialty greases and lubricating oils for industrial and food-grade applications; the deal expands LE's in‑house calcium sulfonate grease manufacturing capabilities and global distribution footprint. LE is a portfolio company of Aurora Capital Partners.

C&S Chemicals Acquires Southwest Engineers

April 25, 2023

Industrial Services

C&S Chemicals has acquired Southwest Engineers (SWE), a Slidell, Louisiana-based provider of technical services, chemical products, and equipment for industrial water treatment. SWE will operate as a sub-platform within C&S to expand the company's industrial water treatment capabilities and execute future add-on acquisitions.

Lubrication Engineers Acquires RSC Bio Solutions

May 6, 2025

Manufacturing

Lubrication Engineers, Inc. (LE), a PE-backed developer and manufacturer of industrial lubricants, has acquired RSC Bio Solutions, a Charlotte-based maker of sustainable, biodegradable lubricants for marine and industrial customers. The deal expands LE’s sustainable product portfolio and is LE’s second acquisition since partnering with Aurora Capital Partners in September 2023.

SPATCO Energy Solutions Acquires Petro Supply

February 9, 2023

Energy

SPATCO Energy Solutions, a Kian Capital-backed platform, has acquired Petro Supply, a family-owned distributor of petroleum equipment based in the Mid-Atlantic, expanding SPATCO's footprint into Maryland, the District of Columbia, Pennsylvania, Delaware and New Jersey. The add-on strengthens SPATCO's distribution and full-service capabilities for fueling stations, convenience stores and petroleum handling facilities as the platform continues roll-up activity backed by Kian and co-investors.

Trecora Acquires Chemtrade's Lubricant Additives Business (Lawrence, KS)

November 9, 2023

Manufacturing

Trecora LLC, an affiliate of private equity firm Balmoral Funds, has acquired the lubricant additives business of Chemtrade Logistics located in Lawrence, Kansas. The acquired business — a leading North American producer of phosphorus pentasulfide (P2S5) — will be integrated into Trecora's Specialty Chemicals business; financial terms were not disclosed.

DalFort Portfolio Companies Key Polymer and Polymer Adhesives Complete Two Add-on Acquisitions

July 2, 2025

Manufacturing

DalFort Capital Partners' portfolio companies completed two add-on acquisitions: Key Polymer Holdings acquired Durant Performance Coatings (Revere, MA) and Polymer Adhesives Holdings acquired Volunteer Adhesives (Lafayette, TN). Both deals expand the platforms' manufacturing footprints and product portfolios across industrial, infrastructure, marine and packaging end-markets.