Gravity Sells Production-Chemicals Division Tech Management to Coastal Chemical (a Brenntag Company)

Firefly Capital Management Acquires Gravity Power & Rental

August 4, 2026

Infrastructure

Firefly Capital Management and its affiliates acquired Gravity Power & Rental, a Houston-based provider of mobile power generation and equipment rental infrastructure. The deal creates a national “power as a service” onsite power platform to address growing US demand driven by AI, electrification, and digital infrastructure growth.

Tecum Capital and Genesis Park Invest in Chemistry to Support Breakwater Management Majority Recapitalization

June 9, 2025

Marketing & Advertising

Tecum Capital, alongside Genesis Park, has invested debt and equity capital in Chemistry to support Breakwater Management’s majority recapitalization of the full-service marketing and digital agency. The financing package, which included senior bank financing from S&T Bank, is intended to strengthen Chemistry’s capacity for growth and expand its competitive position across creative, digital, and multicultural marketing services.

Delek Logistics Partners Acquires Gravity Water Intermediate Holdings (Gravity Water Midstream)

January 4, 2025

Industrial Services

Delek Logistics Partners, L.P. (NYSE: DKL) completed its previously announced acquisition of Gravity Water Intermediate Holdings, which houses Gravity’s water midstream operations (Gravity Water Midstream). The transaction is valued at $285 million, including $200 million in cash (subject to closing adjustments) and approximately 2.175 million DKL units. Gravity Oilfield Services (backed by Clearlake) agreed to sell the water midstream division while retaining its power infrastructure assets.

USALCO (H.I.G.) Acquires Coagulant Manufacturing Business from Brenntag Southwest

January 18, 2024

Manufacturing

USALCO, an H.I.G. Capital portfolio company, has acquired the coagulant manufacturing business of Brenntag Southwest, Inc., a Houston-based operation. The deal expands USALCO's manufacturing footprint and customer base in Texas and will see production relocated into USALCO's existing regional facilities.

Black Bay Energy Capital Acquires Merichem Process Technologies & Catalyst Business (Merichem Technologies)

January 3, 2024

Industrial Services

Black Bay Energy Capital acquired Merichem Company's technology business — Merichem Process Technologies and Merichem Catalyst Products — which will be renamed Merichem Technologies and operated as a standalone sulfur-treating platform. Merichem Company will retain its caustic services business while the new platform will be led by former Merichem technology leaders to expand sulfur-treatment capabilities across energy and industrial end markets.

Gravity Oilfield Services Acquires Water Disposal Infrastructure from MBI Oil & Gas

March 21, 2019

Oil & Gas

Gravity Oilfield Services, a Clearlake Capital-backed water midstream platform, acquired certain water disposal infrastructure assets from MBI Oil & Gas, LLC to expand its Bakken footprint and strengthen relationships with regional operators. Financial terms were not disclosed.