M&A Deal Summary

Barentz Acquires Maroon Group

On October 14, 2020, Barentz acquired chemicals company Maroon Group from CI Capital Partners

Acquisition Highlights
  • This is Barentz’s 1st transaction in the Chemicals sector.
  • This is Barentz’s 1st transaction in the United States.
  • This is Barentz’s 1st transaction in Ohio.

M&A Deal Summary

Date 2020-10-14
Target Maroon Group
Sector Chemicals
Buyer(s) Barentz
Sellers(s) CI Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Maroon Group

Avon, Ohio, United States
Maroon Group is a distributor of specialty chemicals (CASE and HI&I) and life science ingredients across North America. Founded in 1977 and based in Avon, Ohio, Maroon Group has a common infrastructure of industry-leading technology, value-added services, global sourcing and logistics network, and a commitment to Creating Customer Success.

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Buyer(S) 1

Buyer

Barentz

Hoofddorp, Netherlands

Category Company
Founded 1953
Sector Distribution
DESCRIPTION

Barentz is a specialty ingredients distributor for the food, pharmaceutical, personal care, and animal nutrition markets. The Group sources branded specialty ingredients from leading manufacturers worldwide, and its ingredient experts provide value-added technical support (including pre-mixing, blending, ingredient formulation, and ingredient testing) from its state-of-the-art production facilities in Europe, North America, and Asia. Barentz was founded in 1953 and is based in Hoofddorp, Netherlands.


DEAL STATS #
Overall 2 of 6
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-11 PT Astabumi Ciptadaya

Jakarta, Indonesia

PT Astabumi Ciptadaya distributor of specialty ingredients for the Food & Nutrition industry in Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Pestell Nutrition

New Hamburg, Ontario, Canada

Pestell Nutrition is a distributor of animal feed minerals, ingredients, and additives in Canada, offering hundreds of distinct products. PMI supplies hundreds of customers throughout Canada and the United States through its own dedicated warehouses and internal fleet, as well as third-party warehouses and logistics providers. It is a full-line manufacturer of cat litter and small animal bedding products serving customers in Canada and the United States.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 20 of 27
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Ohio) 3 of 3
Country (United States) 17 of 24
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Arch Amenities Group

Rockville, Maryland, United States

Arch Amenities Group is a full-service global provider of wellness, amenity, and meeting services for commercial and residential properties, hotels, and private clubs. It provides daily management services as well as feasibility studies, planning, design consultancy, and pre-opening support. Arch Amenities Group was formed in 1973 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Mariani Landscaping

Lake Bluff, Illinois, United States

Mariani Landscaping offers complete range of residential and commercial landscaping services. Mariani Landscaping was founded in 1958 and is based in Lake Bluff, Illinois.

Buy -