Add-on Acquisition • Chemicals

Michelin Acquires Cooley Group

On January 2, 2026, Michelin acquired chemicals company Cooley Group from J.H. Whitney Capital Partners

Acquisition Context
  • This is Michelin’s 1st transaction in the Chemicals sector.
  • This is Michelin’s 4th transaction in the United States.
  • This is Michelin’s 1st transaction in Rhode Island.

Explore All 1514 Add-on Acquisition Chemicals Deals - Search the Database Free


M&A Deal Summary

Date January 2, 2026
Target Cooley Group
Sector Chemicals
Buyer(s) Michelin
Sellers(s) J.H. Whitney Capital Partners
Deal Type Add-on Acquisition

Target Company

Cooley Group

Pawtucket, Rhode Island, United States
Cooley Group designs, engineers and manufactures polymer-based industrial textile solutions for a diverse set of OEM fabricators. Cooley Group was founded in 1926 and is based in Pawtucket, Rhode Island.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Michelin

Clermont-Ferrand, France

Category Company
Founded 1863
Sector Automotive
Revenue 27.2B EUR (2024)
DESCRIPTION
View of Michelin's North American headquarters in Greenville, South Carolina.
View of Michelin's North American headquarters in Greenville, South Carolina.

Michelin is a manufacturer and marketer of tires for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Michelin was founded in 1863 and is based in Clermont-Ferrand, France.


Deal Context for Buyer #
Overall 21 of 21
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 16 of 16
State: Rhode Island 1 of 1
Country: United States 4 of 4
Year: 2026 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-06 Michelin - Midigama Tyre Division and Casting Product Division

Sri Lanka

Michelin's Midigama Tyre Division and Casting Product Division provide bias tires and tracks for compact construction equipment. Michelin's Midigama Tyre Division and Casting Product Division are based in Sri Lanka.

Sell -

Seller Profile 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney Capital Partners is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney Capital Partners was formed in 1946 and is based in New Canaan, Connecticut.


Deal Context for Seller #
Overall 30 of 30
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 9 of 9
State: Rhode Island 1 of 1
Country: United States 29 of 29
Year: 2026 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-09 Caris Life Sciences

Irving, Texas, United States

Caris Life Sciences is a biosciences company focused on developing and delivering innovative molecular diagnostic, prognostic and theranostic services. As an innovative biotechnology company, Caris is actively working to fulfill the promise of precision medicine through transformative platforms to help patients with cancer and other complex diseases. Caris Life Sciences was founded in 2008 and is based in Irving, Texas.

Sell -