M&A Deal Summary

Black Bay Energy Capital Acquires Merichem Technologies

On January 3, 2024, private equity firm Black Bay Energy Capital acquired chemicals company Merichem Technologies from Merichem

Acquisition Highlights
  • This is Black Bay Energy Capital’s 3rd transaction in the Chemicals sector.
  • This is Black Bay Energy Capital’s 8th transaction in the United States.
  • This is Black Bay Energy Capital’s 6th transaction in Texas.

M&A Deal Summary
Date 2024-01-03
Target Merichem Technologies
Sector Chemicals
Buyer(s) Black Bay Energy Capital
Sellers(s) Merichem
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Black Bay Energy Capital

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
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 8 of 9
Sector (Chemicals) 3 of 3
Type (Divestiture) 1 of 1
State (Texas) 6 of 6
Country (United States) 8 of 9
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-16 Capture Energy

Oklahoma City, Oklahoma, United States

Capture Energy is a technology-driven provider of patent-pending equipment solutions for oil & gas production facilities. The company's flagship product, the Capture Compressor, is designed to reduce producers’ emissions footprint without sacrificing operational efficiency or project economics, powered by energy already created on location – no electricity required, and zero emissions released. Capture Energy is based in Oklahoma City, Oklahoma.

Buy -

Seller(S) 1

SELLER

Merichem

Houston, Texas, United States
Category Company
Founded 1945
Sector Chemicals
DESCRIPTION

Merichem is a provider in the beneficial reuse of spent caustic. Merichem provides spent caustics as an ingredient in industrial processes or as an effective substitute for commercial products, without reclamation. Its turnkey solutions reduce the environmental impact of refineries and chemical companies while maintaining a solid commitment to responsible stewardship and supporting executives’ ESG goals. Merichem was founded in 1945 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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