Ingevity Acquires Ozark Materials and Ozark Logistics

PPG Acquires Ozark Materials LLC to Expand Pavement Marking Business

April 20, 2026

Industrial Services

PPG completed the all-cash acquisition of Ozark Materials, LLC from Ingevity Corporation for $65 million (subject to customary adjustments). The deal expands PPG’s Traffic Solutions business by adding pavement marking products, established customer relationships, and operational capabilities across the United States and Canada.

Ingevity Invests $60M in Nexeon to Support Silicon Anode Commercialization

August 2, 2022

Manufacturing

Ingevity Corporation has invested $60 million to acquire an equity stake in UK-based Nexeon Limited, a developer of silicon-based anode materials for lithium-ion batteries. The strategic investment supports commercialization and manufacturing scale-up of Nexeon's NSP-2 silicon anode technology and establishes a joint development and long-term activated carbon supply relationship between the companies.

KCM Capital Partners Acquires ICAT Logistics

December 17, 2021

Transportation

Chicago-based private investment firm KCM Capital Partners led the acquisition of Elkridge, Maryland-headquartered ICAT Logistics, with equity and subordinated debt support from Lightspring Capital Partners and Midwest Mezzanine Funds and senior debt provided by Live Oak Bank. ICAT's founder and management remain invested and will continue to run the business; the deal positions ICAT for accelerated growth through expansion of its agency network and strategic acquisitions.

Offen Petroleum Acquires Ozark Mountain Energy and Petroleum Express

December 15, 2020

Logistics & Distribution

Offen Petroleum has closed on the acquisition of the business assets of Ozark Mountain Energy and its affiliate trucking company Petroleum Express, both based in Mt. Vernon, Missouri. Offen — a portfolio company of Court Square Capital Partners — will operate the acquired businesses under the Ozark Mountain Energy name in the Mid-continent and Midwestern states, with Brent, Eric and Kyle Wilmoth joining Offen’s leadership; Brent also purchased a significant equity stake in Offen.

Alta Equipment Group Acquires PeakLogix

June 2, 2020

Logistics & Distribution

Alta Equipment Group Inc. has signed a definitive agreement to acquire PeakLogix, a Midlothian, Virginia-based material handling systems integrator that designs and installs warehouse automation and storage systems. The acquisition expands Alta's materials handling capabilities and geographic footprint; PeakLogix generated about $25 million in revenue and $2 million in operating income in FY2019. Terms were not disclosed and the transaction is expected to close by the end of June, subject to customary conditions.

Ingevity Acquires Assets of Adsorbed Natural Gas Products (ANGP)

May 11, 2020

Energy

Ingevity Corporation acquired the assets of Adsorbed Natural Gas Products, Inc. (ANGP) of Johns Island, South Carolina. The asset purchase brings ANGP's adsorbed natural gas (ANG) bi-fuel vehicle technology and team (including CEO Bob Bonelli) into Ingevity to accelerate commercialization and broaden its automotive carbon and ANG capabilities; terms were not disclosed.