M&A Deal Summary

Synalloy Acquires DanChem

On October 25, 2021, Synalloy acquired chemicals company DanChem from Edgewater Capital Partners for 33M USD

Acquisition Highlights
  • This is Synalloy’s 2nd transaction in the Chemicals sector.
  • This is Synalloy’s largest (disclosed) transaction.
  • This is Synalloy’s 5th transaction in the United States.
  • This is Synalloy’s 1st transaction in Virginia.

M&A Deal Summary
Date 2021-10-25
Target DanChem
Sector Chemicals
Buyer(s) Synalloy
Sellers(s) Edgewater Capital Partners
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

DanChem

Danville, Virginia, United States
website
DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

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Buyer(S) 1

Buyer

Synalloy

Richmond, Virginia, United States

website

Category Company
Founded 1945
Sector Metals/Mining
Employees526
Revenue 256M USD (2020)
DESCRIPTION

Synalloy is a structured as a holding company currently comprised of two major groups: Metals and Chemicals. Synalloy was founded in 1945 and is based in Richmond, Virginia.

DEAL STATS #
Overall 5 of 5
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Virginia) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Universal Stainless

Bridgeville, Pennsylvania, United States

Universal Stainless is a producer of semi-finished and finished specialty steel long products and plate, including nickel alloy, stainless steel, tool steel and aircraft quality low alloy steels, in a wide variety of grades and product forms. Universal Stainless founded in 1994 and is based in Bridgeville, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 15 of 17
Sector (Chemicals) 8 of 9
Type (Add-on Acquisition) 8 of 10
State (Virginia) 1 of 1
Country (United States) 15 of 17
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Altamira Material Solutions

Houston, Texas, United States

Altamira Material Solutions specializes in the custom production of PTFE molding, paste extrusion, plastics machining, and fabrication. Altamira Material Solutions is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 AmeriWater

Dayton, Ohio, United States

AmeriWater is a provider of water treatment solutions for dialysis, healthcare, and industrial applications. AmeriWater was founded in 1995 and is based in Dayton, Ohio.

Buy -
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