PETRONAS Chemicals Group Berhad Agrees to Acquire Perstorp Holding AB

ENEOS Holdings to Acquire TPC Group to Expand U.S. C4 Chemicals Platform

August 7, 2026

Industrial Services

ENEOS Holdings has entered into a definitive agreement to acquire TPC Group, strengthening its position in the petrochemical C4 value chain. The deal covers TPC’s petrochemical operations in Houston, Texas, and terminal operations in Port Neches, Texas and Lake Charles, Louisiana, and is expected to close in October 2026 subject to regulatory approvals.

Bayer to Acquire Perfuse Therapeutics

May 7, 2026

Biotechnology

Bayer announced an agreement to acquire Perfuse Therapeutics for up to $2.45 billion, including a $300 million upfront payment plus development, regulatory, and commercial milestone payments. The deal is intended to strengthen Bayer’s ophthalmology pipeline by adding PER-001, an investigational therapy in Phase II for glaucoma and diabetic retinopathy.

Olsson Acquires The Process Group

August 13, 2025

Engineering Services

Olsson, an engineering and design firm, acquired The Process Group (TPG), a chemical engineering and process/mechanical design firm based in Chesterfield, Missouri. The 15 TPG employees will join Olsson, with most based in the St. Louis metro area. The financial terms of the acquisition were not disclosed.

PSC Group Acquires Delta Petroleum Company

August 1, 2024

Industrial Services

PSC Group, a portfolio company of private equity firm TJC LP, has acquired Delta Petroleum Company from Greif, Inc. The add-on expands PSC’s specialty chemical filling, warehousing and shipping capabilities across key petrochemical markets including Houston, Baton Rouge and Cincinnati, and brings Delta’s employees into PSC’s operations.

Evonik Industries Acquires PeroxyChem from One Equity Partners for $640 Million

February 3, 2020

Manufacturing

Evonik Industries AG has completed the acquisition of PeroxyChem, LLC, a global manufacturer of hydrogen peroxide and peracetic acid, from One Equity Partners for $640 million. The purchase, representing roughly a 9.9x multiple of EBITDA, expands Evonik's specialty chemicals portfolio and brings PeroxyChem's production footprint and technical capabilities into Evonik's global operations.

Aurora Capital Partners Acquires Petroleum Service Corporation from SGS

June 24, 2019

Industrial Services

Aurora Capital Partners has acquired Petroleum Service Corporation (PSC) from SGS in a transaction reportedly valued at approximately $335 million. PSC is a North American leader in product handling and site logistics for petrochemical, refining, midstream and marine transportation end markets, with 3,500+ employees operating across the U.S. and Canada; Aurora said it will provide capital to accelerate PSC’s growth as part of its Equity Partners V fund.