Liebman Group & Black Cliffs Partners Acquire Majority Stake in Pine Island Chemical Solutions

Graycliff Partners Invests in Diamond Chemical Company

July 26, 2024

Manufacturing

Graycliff Partners has made an investment in Diamond Chemical Company, a family-owned manufacturer of industrial and institutional cleaning and sanitation chemicals headquartered in East Rutherford, New Jersey. Graycliff will partner with Diamond's management to pursue growth through new products, geographies and end markets while allowing the existing team to continue operating the business.

Gladstone Investment and Xyresic Capital Acquire Smart Chemical Solutions

May 19, 2025

Oil & Gas

Gladstone Investment Corporation (Nasdaq: GAIN), alongside co-investor Xyresic Capital, has acquired Smart Chemical Solutions, LLC, a Midland, Texas–based provider of production chemicals to onshore oil and gas operators. Gladstone provided equity and senior secured debt to complete the transaction; Palo Duro Capital was the seller according to advisor announcements.

Levine Leichtman Capital Partners and Management Acquire USA Industries from Sky Island Capital

December 16, 2025

Manufacturing

Levine Leichtman Capital Partners (LLCP) has partnered with USA Industries’ management team to acquire USA Industries, LLC from Sky Island Capital. USA Industries, a South Houston-based manufacturer of piping isolation, tube plugs, orifice plates and heat-exchanger tools, will continue to be led by CEO Justin Watts as a platform investment for LLCP's Lower Middle Market Fund III; financial terms were not disclosed.

Makai Capital Partners, with CFB and Konza Valley, Acquires New Life Chemical (adds to Paladin Holdings platform)

November 7, 2023

Manufacturing

Makai Capital Partners, together with Capital For Business, Inc. and Konza Valley Capital, has acquired New Life Chemical & Equipment, Inc. of Greenville, South Carolina. The transaction is the first add-on to Makai's specialty chemical manufacturing platform, Paladin Holdings, and includes subordinated debt and equity from CFB and Konza while management remains with the company.

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.

Bain Capital and Cinven to Acquire Lonza Specialty Ingredients

February 8, 2021

Manufacturing

Bain Capital Private Equity and Cinven have entered into definitive agreements to acquire Lonza Specialty Ingredients (LSI), a division of Lonza AG, for a total enterprise value of CHF 4.2 billion. LSI, headquartered in Basel, Switzerland, is a global provider of specialty chemicals for microbial control with ~2,800 employees, and the consortium intends to invest in R&D, bolster production capabilities and use LSI as a platform for buy-and-build consolidation in the sector; the transaction was expected to close in H2 2021.