M&A Deal Summary

OpenGate Capital Acquires Chemsolv

On January 11, 2022, private equity firm OpenGate Capital acquired chemicals company Chemsolv

Acquisition Highlights
  • This is OpenGate Capital’s 4th transaction in the Chemicals sector.
  • This is OpenGate Capital’s 17th transaction in the United States.
  • This is OpenGate Capital’s 1st transaction in Virginia.

M&A Deal Summary

Date 2022-01-11
Target Chemsolv
Sector Chemicals
Buyer(s) OpenGate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Chemsolv

Roanoke, Virginia, United States
website
Chemsolv is a growing organization that is poised for the future in the US chemical distribution industry. It represents over 100 manufacturers of industrial chemicals, silicones, solvents, lubricants, metalworking fluids, and other specialty products, all of which are supported by a commitment to the continuous improvement in our operating practices, and The Responsible Distribution Process of the NACD. Chemsolv was formed in 1979 and is based in Roanoke, Virginia.

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Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 43 of 47
Sector (Chemicals) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 15
State (Virginia) 1 of 1
Country (United States) 17 of 19
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 ENERGI Fenestration Solutions

Woodbridge, Ontario, Canada

ENERGI Fenestration Solutions is a manufacturer and distributor of a broad range of state-of-the-art exterior building materials for the home remodeling, building and municipal construction markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Chemisphere

Saint Louis, Missouri, United States

Chemisphere is a distributor and blender of chemical products that specializes in the manufacturing and distribution of personal care products, industrial products, and denatured ethanol. Chemisphere was founded in 1974 and is headquartered in St. Louis, Missouri.

Buy -