Imperative Chemical Partners Acquires Performance Chemical Company

Imperative Chemical Partners Acquires Western Chemical

March 25, 2024

Oil & Gas

Imperative Chemical Partners, a Midland, Texas-based oilfield chemical services provider, has acquired Western Chemical, a Roosevelt, Utah operator focused on the Uinta Basin. The deal expands Imperative’s geographic coverage and customer footprint in the Lower 48 and retains Western founder Joe Arnold in a leadership role within the combined organization.

Imperative Chemical Partners Acquires Refinery Specialties (RSI); Hastings and One Equity Recapitalize Imperative

February 21, 2023

Manufacturing

RSI Holdings LLC, an affiliate of Post Oak Energy Capital, sold Refinery Specialties, Inc. (RSI) to Imperative Chemical Partners LLC in an all-cash transaction. Hastings Equity Partners (with One Equity Partners) recapitalized Imperative and merged RSI into the platform to expand capabilities, geographic reach and accelerate consolidation in the specialty chemicals market.

KCC Corporation to Fully Acquire Momentive Performance Materials Group

March 28, 2024

Manufacturing

KCC Corporation, the Seoul-based chemicals manufacturer, has entered into an agreement to fully acquire Momentive Performance Materials Group, consolidating ownership and resulting in the exit of minority shareholder SJL Partners LLC. The transaction, which remains subject to customary closing conditions, brings Momentive (a global silicones and specialty materials manufacturer headquartered in Niskayuna, New York) under 100% KCC ownership to support expanded collaboration and capability growth.

Permico Founders Acquires Assets of Permico Midstream Partners

March 3, 2022

Oil & Gas

Permico Founders, LLC acquired the assets of Permico Midstream Partners, LLC through a Chapter 11-administered sale that closed March 3, 2022. The development-stage Houston midstream company — which focuses on transporting and processing natural gas liquids (NGLs) and marketing end products — sold its assets as part of a restructuring; GulfStar served as financial advisor to the trustee during the process.

Petronas Chemicals Group Acquires Perstorp from PAI Partners

May 17, 2022

Manufacturing

Petronas Chemicals Group Berhad (PCG) has agreed to acquire Perstorp Holding AB from PAI Partners for EUR 2.3 billion on a cash- and debt-free basis. Perstorp, a Sweden-based specialty chemicals manufacturer with ~1,500 employees and global manufacturing and R&D sites, will extend PCG's geographic footprint and specialty-chemicals capabilities pending regulatory and shareholder approvals.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.