M&A Deal Summary

Chemtrade Acquires Peak Sulfur

On August 1, 2005, Chemtrade acquired chemicals company Peak Sulfur from Merit Capital Partners

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

M&A Deal Summary

Date 2005-08-01
Target Peak Sulfur
Sector Chemicals
Buyer(s) Chemtrade
Sellers(s) Merit Capital Partners
Deal Type Add-on Acquisition

Target

Peak Sulfur

Lawrence, Kansas, United States
Peak Sulfur, Inc. is a manufacturer, trader, and distributor of sulfur-related products including commercial-grade sulfuric acid and ultra-pure sulfuric acid. Additionally, Peak Sulfur receives and regenerates sulfuric acid which has been used by refineries, and then sells fresh commercial acid back to the refinery.

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Buyer(S) 1

Buyer

Chemtrade

Toronto, Ontario, Canada

Category Company
Founded 2001
Sector Chemicals
Employees1,474
Revenue 1.8B CAD (2023)
DESCRIPTION

Chemtrade is a diversified business providing industrial chemicals. Chemtrade is a supplier of sulfur, sodium chlorate, potassium chloride, and zinc oxide. Chemtrade was incorporated in 2001 and is based in Toronto, Canada.


DEAL STATS #
Overall 1 of 4
Sector (Chemicals) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Kansas) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-24 Marsulex

Toronto, Ontario, Canada

Marsulex, Inc. is a provider of industrial services, including environmental compliance solutions for air quality control and industrial hazardous waste streams, and petroleum coke cutting and handling services for oil refineries, and is a producer and marketer of sulphur-based industrial chemicals.

Buy $438M

Seller(S) 1

SELLER

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $25 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 52
Sector (Chemicals) 1 of 4
Type (Add-on Acquisition) 4 of 27
State (Kansas) 1 of 2
Country (United States) 10 of 51
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Versatile Processing Group

Indianapolis, Indiana, United States

Versatile Processing Group is an industrial processor of nonferrous metals servicing the copper manufacturing, electric utility, and general industries. Versatile Processing Group specializes in recycling nonferrous materials, including copper, brass, aluminum, zinc, tin, silicon and nickel products sourced from a diverse base of suppliers, with particular expertise in difficult-to-process units. Services provided include wire and cable chopping, de-tinning and de-oiling, laboratory analysis, and logistics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 WL Plastics

Fort Worth, Texas, United States

WL Plastics, Inc. is a manufacturer of large-diameter polyethylene (“PE”) pipe for sale in the Rocky Mountains and throughout the western half of the United States. WL manufactures PE pipe from 1-24 inches in diameter but focuses its efforts on diameters of at least 4 inches. WL Plastics was founded in 2000 and is based in Fort Worth, Texas.

Sell -