M&A Deal Summary

IPG Acquires Chemisphere

On June 13, 2023, IPG acquired chemicals company Chemisphere from OpenGate Capital

Acquisition Highlights
  • This is IPG’s 2nd transaction in the Chemicals sector.
  • This is IPG’s 2nd transaction in the United States.
  • This is IPG’s 1st transaction in Missouri.

M&A Deal Summary
Date 2023-06-13
Target Chemisphere
Sector Chemicals
Buyer(s) IPG
Sellers(s) OpenGate Capital
Deal Type Add-on Acquisition

Target

Chemisphere

Saint Louis, Missouri, United States
Chemisphere is a distributor and blender of chemical products that specializes in the manufacturing and distribution of personal care products, industrial products, and denatured ethanol. Chemisphere was founded in 1974 and is headquartered in Saint Louis, Missouri.

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Buyer(S) 1

Buyer

IPG

Roanoke, Virginia, United States
Category Company
Sector Distribution
DESCRIPTION

IPG is a specialty chemical distribution platform bringing together the shared infrastructure and resources of a national chemical distributor with the service and flexibility of smaller, regional chemical distributors. IPG distributes a wide range of more than 1,000 chemical products sold to a variety of customers and end markets including solvents, plasticizers, coolants, lubricants, surfactants, diesel exhaust fluid, additives, and other products. IPG is based in Roanoke, Virginia.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Chemsolv

Roanoke, Virginia, United States

Chemsolv is a growing organization that is poised for the future in the US chemical distribution industry. It represents over 100 manufacturers of industrial chemicals, silicones, solvents, lubricants, metalworking fluids, and other specialty products, all of which are supported by a commitment to the continuous improvement in our operating practices, and The Responsible Distribution Process of the NACD. Chemsolv was formed in 1979 and is based in Roanoke, Virginia.

Buy -

Seller(S) 1

SELLER

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 28 of 32
Sector (Chemicals) 3 of 4
Type (Add-on Acquisition) 12 of 15
State (Missouri) 1 of 1
Country (United States) 11 of 12
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Chemsolv

Roanoke, Virginia, United States

Chemsolv is a growing organization that is poised for the future in the US chemical distribution industry. It represents over 100 manufacturers of industrial chemicals, silicones, solvents, lubricants, metalworking fluids, and other specialty products, all of which are supported by a commitment to the continuous improvement in our operating practices, and The Responsible Distribution Process of the NACD. Chemsolv was formed in 1979 and is based in Roanoke, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 Player One Amusement Group

Mississauga, Ontario, Canada

Player One Amusement Group provides amusement gaming equipment and outsourced operations and maintenance support to customers seeking to drive superior location profitability and create a best-in-class consumer experience. Player One Amusement Group is based in Mississauga, Ontario.

Buy CA$155M
Mergr

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