Gemspring Capital Invests in Shrieve Chemical Company

Gemspring and StepStone Close Continuation Vehicle for Shrieve Chemical Company

October 31, 2024

Industrial Services

Gemspring Capital closed a single-asset continuation vehicle that acquired interests in Shrieve Chemical Company, in a transaction led by StepStone Group and supported by new and existing investors including an affiliate of Gemspring and the Shrieve management team. The deal, which included a concurrent refinancing of Shrieve’s debt facilities, provides follow-on capital to support organic growth initiatives and strategic add-on acquisitions.

Shrieve Chemical Company Acquires Chem One

January 26, 2023

Industrial Services

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Chem One, a Houston-based distributor of dry chemicals serving water treatment, animal feed, oil & gas and other industrial markets. The acquisition is an add-on to Shrieve’s platform to expand its specialty and commodity chemical offerings and logistics capabilities across North American end markets.

Shrieve Chemical Acquires Gilbert & Jones

October 24, 2023

Industrial Services

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Gilbert & Jones, a New Britain, Connecticut-based distributor of specialty and industrial chemicals. The acquisition expands Shrieve's product offering and geographic reach into additional end markets such as aerospace, automotive and electronics, and brings Gilbert & Jones' supplier and customer relationships into the Shrieve platform.

Shrieve Chemical Acquires Connection Chemical

November 5, 2024

Industrial Services

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Connection Chemical, LP, a Newtown, Pennsylvania-based distributor of industrial chemicals and fine ingredients. Terms were not disclosed; the acquisition expands Shrieve's product portfolio, enhances global sourcing and logistics capabilities, and enables cross-selling between the two businesses.

Shrieve Chemical Company Acquires TLC Ingredients

January 8, 2024

Industrial Services

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired TLC Ingredients, a Crest Hill, Illinois-based distributor of food ingredients, industrial chemicals, and phenolic resins. The add-on expands Shrieve's Midwest footprint and enhances its capabilities in the food ingredients and specialty industrial resins end-markets; terms were not disclosed.

Shrieve Chemical Acquires Carbon Group

June 23, 2025

Industrial Services

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Carbon Chemicals Group Ltd (Carbon Group), a Ringaskiddy, County Cork–based distributor of specialty chemicals, food ingredients, pharmaceutical raw materials and agricultural products. The deal, terms undisclosed, expands Shrieve's specialty chemicals footprint and distribution capabilities across Europe and creates opportunities to offer Carbon's products to Shrieve's existing customers.