PETRONAS Chemicals Group Berhad Agrees to Acquire Perstorp Holding AB

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.

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.

The Sterling Group Acquires Polychem Corporation

March 15, 2019

Manufacturing

The Sterling Group, a middle-market private equity firm, has completed the acquisition of Polychem Corporation, a Mentor, Ohio-based manufacturer of polyester (PET) and polypropylene strapping and related securement packaging equipment. The transaction gives Sterling a platform in the securement packaging sector with Polychem’s vertically integrated manufacturing and PET recycling capabilities to serve food & beverage, consumer packaged goods and industrial customers.

Imperative Chemical Partners Acquires Performance Chemical Company

October 7, 2024

Oil & Gas

Imperative Chemical Partners, Inc. acquired Performance Chemical Company, a Midland, Texas-based provider of specialty chemical solutions serving midstream and production operators in the oil & gas industry. The acquisition expands Imperative's midstream service capabilities and geographic reach, while PCC's founders will retire following the transaction; terms were not disclosed.

The Jordan Company Acquires PSG Polymer Additives Division from Arsenal Capital Partners

November 26, 2019

Manufacturing

The Jordan Company has completed the acquisition of Polymer Solutions Group’s Polymer Additives division (PSG Polymer Additives) from Arsenal Capital Partners. The Cleveland-headquartered business supplies proprietary polymer additives, dispersions and performance chemicals to rubber, plastics and engineered wood markets and will partner with TJC to expand its global platform and grow its market position.