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
Employees1,600
Revenue 1.4B USD (2024)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. Ingevity was founded in 1964 and is based in North Charleston, South Carolina.


DEAL STATS #
Overall 3 of 5
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: South Carolina M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 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 -