Platinum Equity Acquires Solenis and Combines It With Sigura Water

Platinum Equity Acquires Lonza's Water Care Business

February 28, 2019

Manufacturing

Platinum Equity completed the acquisition of Lonza's water care business in a transaction valued at approximately $630 million. Headquartered in Alpharetta, Georgia, the business operates six production facilities across North America, South America and EMEA and supplies consumer pool-care brands and industrial/municipal water treatment solutions; Platinum Equity will operate it as a standalone platform and will announce a new corporate identity.

Solenis Acquires Diversey for $4.6 Billion

March 8, 2023

Industrial Services

Solenis, a Platinum Equity–backed specialty chemicals company, agreed to acquire Diversey Holdings, Ltd. in an all-cash transaction valued at an enterprise value of approximately $4.6 billion, taking Diversey private. The combination expands Solenis's product and service capabilities across water management, cleaning and hygiene, creates cross-selling opportunities and broadens the combined company's global scale and reach.

Solenis Acquires CedarChem LLC

October 3, 2023

Manufacturing

Solenis, a Wilmington, Delaware-based specialty chemicals producer owned by Platinum Equity, acquired CedarChem LLC and its operating assets on October 2, 2023. CedarChem, headquartered in Cedartown, Georgia, supplies water and wastewater treatment products to industrial and municipal customers in the southeastern United States; the deal expands Solenis' product and service capabilities and regional go-to-market presence.

Solenis Acquires Clearon Corp.

August 11, 2022

Manufacturing

Solenis has entered into a definitive agreement to acquire Clearon Corp., a South Charleston, West Virginia-based specialty chemical manufacturer that produces trichloroisocyanuric and dichloroisocyanuric acids and finished pool and disinfectant products. The acquisition expands Solenis' pool and spa water treatment portfolio and is expected to close in 2022 subject to regulatory approvals; financial terms were not disclosed.

Platinum Equity Acquires Urbaser from China Tianying for $4.2B

October 21, 2021

Environmental Services

Platinum Equity has completed the acquisition of Madrid-based environmental services company Urbaser from China Tianying for an enterprise value of approximately $4.2 billion. Urbaser, which operates in waste collection, treatment and waste-to-energy across multiple countries and employs more than 50,000 people, will continue to be led by CEO José María López Piñol as Platinum looks to expand capabilities in sustainable waste-management solutions and grow the business across Europe and other markets.

Saur Group Acquires Aqua-Chem

July 12, 2022

Environmental Services

France-based Saur Group, an EQT‑backed environmental services company, has acquired Knoxville, Tennessee‑headquartered Aqua‑Chem. Aqua‑Chem will become the North American platform and the water purification global center of excellence for Nijhuis Saur Industries (NSI), expanding Saur's process water and purification capabilities across pharmaceuticals, beverage, energy and military end markets.