M&A Deal Summary

Ingevity Acquires Adsorbed Natural Gas Products

On May 11, 2020, Ingevity acquired energy services and equipment company Adsorbed Natural Gas Products

Acquisition Highlights
  • This is Ingevity’s 1st transaction in the Energy Services and Equipment sector.
  • This is Ingevity’s 2nd transaction in the United States.
  • This is Ingevity’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2020-05-11
Target Adsorbed Natural Gas Products
Sector Energy Services and Equipment
Buyer(s) Ingevity
Deal Type Add-on Acquisition

Target

Adsorbed Natural Gas Products

Charleston, South Carolina, United States
Adsorbed Natural Gas Products, Inc. is a provider of low-pressure, bi-fuel solution for light-duty vehicles like pickup trucks, SUVs, and service vans. Adsorbed Natural Gas Products is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

Ingevity

North Charleston, South Carolina, United States
Category Company
Founded 1964
Sector Chemicals
Employees1,700
Revenue 1.7B USD (2023)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, printing inks and automotive components that reduce gasoline vapor emissions. Ingevity was founded in 1964 and is based in North Charleston, South Carolina.

DEAL STATS #
Overall 3 of 5
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Perstorp AB - CapaTM Caprolactone Division

Perstorp, Sweden

Perstorp AB - CapaTM Caprolactone Division is a provider in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO).

Buy €590M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Nexeon

Oxfordshire, United Kingdom

Nexeon is a battery materials company developing and producing silicon materials for the next generation of lithium-ion rechargeable batteries. Nexeon’s materials have a transformational impact on battery performance in terms of energy density, rate of charge and cost of production on a $ per kWh basis. Nexeon is based in Oxfordshire, England.

Buy -
Mergr

Product

Company

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