Add-on Acquisition • Chemicals

Echo Defense Projects Acquires Development One

On September 23, 2021, Echo Defense Projects acquired chemicals company Development One

Acquisition Context

This is Echo Defense Projects’ 1st transaction in the Chemicals sector.
This is Echo Defense Projects’ 1st transaction in the United States.
This is Echo Defense Projects’ 1st transaction in Texas.

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M&A Deal Summary
Date	September 23, 2021
Target	Development One
Sector	Chemicals
Buyer(s)	Echo Defense Projects
Deal Type	Add-on Acquisition

Target Company

Development One

Midland, Texas, United States

Development One specializing in the research and development of nanocarbon atoms and polymer products within the coatings and construction industries. Development One is based in Midland, Texas.

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Buyer Overview 1

Buyer

Echo Defense Projects

Pensacola, Florida, United States

Category	Company
Founded	2004
Sector	Business Services
Employees	5

DESCRIPTION

Eco Depot is a development stage manufacturer and distributor of eco-friendly consumer brand products that acquires, manages, and develops eco-friendly real estate assets and consumer and industrial brand products. Eco Depot's focus is to provide investments, funding, and support for acquisitions, start-ups, entrepreneurs, and green technology companies dedicated to protecting the environment. Echo Defense Projects was founded in 2004 and is headquartered in Pensacola, Florida.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Chemicals	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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