M&A Deal Summary

Black Bay Energy Capital Acquires Allied Petrochemical

On December 1, 2022, private equity firm Black Bay Energy Capital acquired chemicals company Allied Petrochemical

Acquisition Highlights
  • This is Black Bay Energy Capital’s 2nd transaction in the Chemicals sector.
  • This is Black Bay Energy Capital’s 7th transaction in the United States.
  • This is Black Bay Energy Capital’s 5th transaction in Texas.

M&A Deal Summary

Date 2022-12-01
Target Allied Petrochemical
Sector Chemicals
Buyer(s) Black Bay Energy Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Allied Petrochemical

Alvin, Texas, United States
Allied Petrochemical is a provider of recycled fuel blend stocks and custom-manufactured chemical additives to various end-markets. Allied Petrochemical was founded in 2000 and is based in Alvin, Texas.

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Buyer(S) 1

DESCRIPTION

Black Bay Energy Capital is an energy private equity firm focused on the North American oilfield service sector. Black Bay looks to invest up to $30 million of equity capital in businesses managed by talented entrepreneurs that provide a differentiated product or service to the industry. Black Bay Energy was established in 2016 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 7 of 9
Sector (Chemicals) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Texas) 5 of 6
Country (United States) 7 of 9
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-17 Advanced Industrial Devices

Tulsa, Oklahoma, United States

Advanced Industrial Devices is a provider of electric motor automation and control solutions across the United States. AID designs and sells custom variable frequency drive control systems that are utilized across a diverse set of applications within the oil and gas and industrial sectors. Advanced Industrial Devices was formed in 1983 and is based in Tulsa, Oklahoma.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Merichem Technologies

Houston, Texas, United States

Merichem Technologies is a provider of sulfur treating solutions, including proprietary chemical catalysts and market-leading technologies. The Company’s capabilities include design, engineering, fabrication, R&D, and implementation of both chemical catalysts and mechanical solutions to treat sulfur and other impurities across many different industries and markets including renewables, gas treating, downstream and midstream as well as many others. Merichem Technologies is based in Houston, Texas.

Buy -